Kaixin Auto Holdings (KXIN) News
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KXIN News Highlights
- KXIN's 30 day story count now stands at 2.
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Latest KXIN News From Around the Web
Below are the latest news stories about KAIXIN AUTO HOLDINGS that investors may wish to consider to help them evaluate KXIN as an investment opportunity.
Kaixin Auto Holdings Announces Establishing AI Automobile Research Institute to Formulate AI Development StrategyBEIJING, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and one of the premium imported cars and used cars platform in China, today announced that it has established its AI Automotive Research Institute, with senior VP Mr. Lei Gu appointed as the dean, to facilitate the formation and integration of the company’s development strategy for artificial intelligence applications. Kaixin is also actively seeki |
Kaixin Auto Holdings Announces Supplements to Unaudited First Half 2023 Financial ResultsBEIJING, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and one of the premium imported cars and used cars platform in China, today announces certain supplements to the unaudited financial results for the six months ended June 30, 2023 originally announced on November 3, 2023 (the “November 3 Announcement”). The November 3 Announcement is hereby replaced in its entirety with this announcement (the “Amen |
While insiders are yet to place a huge wager on Kaixin Auto Holdings (NASDAQ:KXIN), retail investors saw 11% gain on holdings value last weekKey Insights Significant control over Kaixin Auto Holdings by retail investors implies that the general public has more... |
Kaixin Auto Holdings Announces Resignation of DirectorBEIJING, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and one of the premium imported cars and used cars platform in China, today announced that Mr. Lin Cong resigned from the Company's Board of Directors, effective on October 30, 2023. Mr. Cong resigned for personal reasons and not due to any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. “On |
Kaixin Auto Holdings Announces Unaudited First Half 2023 Financial ResultsBEIJING, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and one of the premium imported cars and used cars platform in China, today announced its unaudited financial results for the six months ended June 30, 2023. First Half of 2023 Highlights Total net revenues were US$18.9 million, representing a decrease of 43% from US$33.3 million in the first half of 2022.Gross profit was US$0.2 million, keeping st |
EV Startup Shifts Gears From IPO Plans to BankruptcyWM Motor, a Chinese electric-vehicle maker that recently tried to go public, has filed for bankruptcy in Shanghai. The company designs, manufactures and sells cars under the Weltmeister brand, and has faced tough competition in China's cutthroat EV market. WM Motor was founded in 2015 by Freeman Shen, the former chairman of Volvo’s China operations. |
Kaixin Auto Holdings Announces Receipt of Nasdaq Letter Regarding Regaining Compliance with Minimum Bid Price RequirementBEIJING, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN) today announced the receipt of a notification letter dated September 28, 2023 from the Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”), notifying Kaixin that, the Nasdaq Staff has determined that for the last 10 consecutive business days, from September 15 through September 28, 2023, the closing bid price of the Company’s ordinary shares has been at $1.00 per share |
Six Strengths of WM Motor that Attracted Kaixin Auto Holdings to the Proposed AcquisitionBEIJING, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN) today announced that it had identified several noteworthy strengths in WM Motor Holdings Limited ("WM Motor") that attracted the Company to the proposed acquisition. On September 11, Kaixin announced the non-binding acquisition term sheet with WM Motor to acquire 100% of equity of WM Motor. As a pioneer in bringing innovative smart EV technologies to China’s mainstream auto market, WM Moto |
Kaixin Auto Holdings Announces Share ConsolidationBEIJING, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it will effect a share consolidation of its ordinary shares at a ratio of 1-for-15, effective as of 5:00 p.m. Eastern Time on September 14, 2023 (the “Share Consolidation”). The Company’s ordinary shares are expected to begin trading on a post-consolidation basis at the opening of trading on September 15, 2023. Upon the market opening on September 15, 2023, the Company |
Kaixin Auto Holdings Announces Non-Binding Acquisition Term Sheet with WM MotorBEIJING, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that the Company has signed a non-binding acquisition term sheet with WM Motor Holdings Limited ("WM Motor"), planning to issue a certain number of new shares to acquire 100% of equity of WM Motor held by its current shareholders. Founded in late 2015, WM Motor is a smart new energy vehicle company in China with full capabilities in product design, R&D (both hardware and so |