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Kaixin Auto Holdings Announces Myanmar Order of 1,000 EVs
BEIJING, March 04, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and
About this update from Kaixin Holdings
[{"type":"text","content":"BEIJING, March 04, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it signed an export order with Myanmar New Power Motor Co., Ltd. (\"Myanmar New Power Motor\") for 1,000 new energy vehicles in the SKD mode. Mr. Mingjun Lin, Chairman and CEO, Ms. Yi Yang, CFO, and Mr. Wu Liang, Vice President of Kaixin, and Mr. Hao Wang, Chairman, Mr. Aung Thike, General Manager, and Ms Jingjing Liu, Purchasing Department Manager of Myanmar New Power Motor, attended the signing ceremony. The signing of the export contract marked the countdown to the delivery of the first batch of 100 new energy vehicles. Mr. Wu Liang said that the cooperation leverages the high-quality business environment and policies for new energy vehicles in China and Myanmar. It is a major business breakthrough for Kaixin’s proprietary Chinese auto import and export trading platform. The Company will continue to promote the formation of industrial clusters in overseas markets. Kaixin is committed to working with Myanmar New Power Motor and other high-quality partners to promote automobile trade between the two countries. Mr. Hao Wang expressed his delight in the cooperation with Kaixin and wishes to bring more auto products to Myanmar customers through joint efforts. The SKD order is just the first step in the cooperation. A country with a population of more than 50 million, Myanmar is a large market worthy of continuous exploration for greater development. As China became the world's largest automobile exporter in 2023, it is the goal of the Chinese auto industry to further stimulate the vitality of overseas new energy vehicle markets and bring more high-quality auto products to overseas users. Kaixin will leverage its industrial strength and resources to create a resource linkage effect in the domestic and international markets, accelerate the expansion of in-depth cooperation with overseas auto industry clusters, and take advantage of global cooperation opportunities! About Kaixin Auto Holdings Kaixin Auto Holdings is a leading new energy vehicle manufacturer in China, equipped with professional teams with rich experience in R&D, production, marketing, and production facilities with the capacity for stamping, welding, painting, and assemb...