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Kaixin Holdings Announces Intended Acquisition of Honglu Technology to Optimize AI Applications
BEIJING, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the signing of a term sheet to acquire Honglu Technology, a leading Chinese AI animation company. Kaixin plans to issue new shares to acquire a 51% stake in Honglu Technology. This transaction marks a deep collaboration between the two parties, focusing on the global development of the "AI + Animation" ecosystem and on promoting AI innovation in animation production. Honglu Techn
About this update from Kaixin Holdings
BEIJING, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the signing of a term sheet to acquire Honglu Technology, a leading Chinese AI animation company. Kaixin plans to issue new shares to acquire a 51% stake in Honglu Technology. This transaction marks a deep collaboration between the two parties, focusing on the global development of the "AI + Animation" ecosystem and on promoting AI innovation in animation production. Honglu Technology is dedicated to innovation and R&D in animation technology, including the transition from traditional animation to computer-generated graphics and the application of emerging technologies such as rendering, animation algorithms, and AI research. The company strives to provide high-quality, engaging animated content and to advance the animation industry continuously. Its core business includes 3D animated series, shorts, and feature films. Its expansion efforts include image licensing, virtual idols, and one-click comics, aiming to build a comprehensive IP industry chain. Honglu Technology boasts of strengths in five key areas: 1. Technical Advantage Full-range coverage of the 3D animation production process, stunning visuals from the UE5 Unreal Engine, AI technology R&D capabilities, and dual production lines for MAYA and Unreal Engine. 2. Team Advantage The core team has over 10 years of industry experience across the entire production process and has produced nearly 5,000 hours of S-rated anime series. 3. Content Sources Advantage Strategic partnership with Youku Entertainment and suppliers of high-quality S-rated anime series. 4. IP Advantage Ownership of both original IP and novel copyright IP, a large fan base, the ability to continuously generate IP, with a wide range of derivative products, forming an integrated ecosystem. 5. Qualifications Advantage Honglu Technology has registered 19 software patents, including the Character Design Production System v1.0, Expression Capture Processing Platform v1.0, and Honglu Asset Management Software v1.0. It also holds a high-level patent for "Animation, Comics, and Costume Design," an integrated system for displaying and capturing costumes in animation. This demonstrates its strong technical capabilities. 6. Network Advantage Xuanji Technology, the creator of nationally recognized anim...