HANGZHOU, China, April 09, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it has changed its legal name from Kaixin Auto Holdings to Kaixin Holdings.
Key Points:
- HANGZHOU, China, April 09, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it has changed its legal name from Kaixin Auto Holdings to Kaixin Holdings.
- The Company’s ordinary shares will commence trading on the Nasdaq Capital Market under the new name at the market open on April 10, 2024.
- No action by the Company's shareholders is required with respect to the name change.
- The CUSIP number for the Company’s ordinary shares will remain unchanged.
HANGZHOU, China, March 12, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that all resolutions presented to the shareholders at its annual general meeting held on March 4, 2024 (the “Annual General Meeting”) were duly passed.
Key Points:
- HANGZHOU, China, March 12, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that all resolutions presented to the shareholders at its annual general meeting held on March 4, 2024 (the “Annual General Meeting”) were duly passed.
- The full text of each resolution was included in the notice of the Annual General Meeting, which was filed with the Securities and Exchange Commission (the “SEC”) on Form 6-K on February 2, 2024 and is also available on the Company's website ir.kaixin.com.
- Capitalized terms not otherwise defined in this announcement shall have the meanings assigned to them in the Company’s notice of the Annual General Meeting dated February 2, 2024.
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.
Key Points:
- 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. Wu Liang said that the cooperation leverages the high-quality business environment and policies for new energy vehicles in China and Myanmar.
- 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.
HANGZHOU, China, Feb. 05, 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 the receipt of a notification letter (the “Nasdaq Letter”) dated February 1, 2024, from the Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”), notifying Kaixin that, for the 30 consecutive business days ended January 31, 2024, the Company failed to meet the requirement of maintaining a minimum bid price of $1 per share pursuant to Nasdaq Rule 5550(a)(2)(the “Rule”).
Key Points:
- HANGZHOU, China, Feb. 05, 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 the receipt of a notification letter (the “Nasdaq Letter”) dated February 1, 2024, from the Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”), notifying Kaixin that, for the 30 consecutive business days ended January 31, 2024, the Company failed to meet the requirement of maintaining a minimum bid price of $1 per share pursuant to Nasdaq Rule 5550(a)(2)(the “Rule”).
- The Nasdaq Letter does not impact the Company’s listing on the Nasdaq Capital Market at this time.
- In accordance with Nasdaq Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until July 30, 2024, to regain compliance with the Rule.
- At that time, the Company may appeal the Nasdaq Staff’s delisting determination to the Nasdaq Hearings Panel pursuant to the procedures set forth in the applicable Nasdaq Listing Rules.
HANGZHOU, China, Feb. 02, 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 will hold its annual general meeting of shareholders (the “AGM”) at 198 Qidi Road, Unit B2-303-137, Beigan Community, Xiaoshan District, Hangzhou, Zhejiang Province, China on March 4, 2024 at 10:00 a.m. (Beijing time), for the purposes of considering and, if thought fit, passing and approving the resolutions set forth in the Notice of Annual General Meeting and Proxy of the Company.
Key Points:
- HANGZHOU, China, Feb. 02, 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 will hold its annual general meeting of shareholders (the “AGM”) at 198 Qidi Road, Unit B2-303-137, Beigan Community, Xiaoshan District, Hangzhou, Zhejiang Province, China on March 4, 2024 at 10:00 a.m. (Beijing time), for the purposes of considering and, if thought fit, passing and approving the resolutions set forth in the Notice of Annual General Meeting and Proxy of the Company.
- The board of directors of the Company has fixed the close of business on February 2, 2024 (Beijing time) as the record date (the “Record Date”) of ordinary shares.
- The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission (“SEC”).
- The Form 20-F can be accessed on the SEC’s website at http://www.sec.gov and the Company’s website at https://ir.kaixin.com/ .
Retrieved on:
Wednesday, January 31, 2024
Car,
Research,
Science,
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Artificial intelligence,
City,
Baidu,
EVS,
Software,
Blue,
Giant panda,
Medical device HANGZHOU, China, Jan. 31, 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 has reached strategic cooperation intention with DeepBlue Artificial Intelligence Technology Company (“DeepBlue AI Technology”).
Key Points:
- HANGZHOU, China, Jan. 31, 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 has reached strategic cooperation intention with DeepBlue Artificial Intelligence Technology Company (“DeepBlue AI Technology”).
- Both have agreed to establish a joint venture to leverage the AI autonomous driving technology of DeepBlue AI Technology onto Kaixin’s mass-produced EV models to develop a new generation of AI autopilot EVs and to achieve market-oriented operations.
- Founded in 2014 by a group of senior engineers with doctoral degrees overseas, DeepBlue AI Technology is committed to fundamental research and application of artificial intelligence.
- DeepBlue AI Technology possesses L4 autonomous driving technology and smart car forward design capabilities and has successfully launched several smart car products.
Retrieved on:
Wednesday, January 31, 2024
HANGZHOU, China, Jan. 31, 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 Mr. Xiaoning Wu has been appointed by Kaixin’s board of directors (the “Board”) as a director of the Board and as the chairman of the audit committee of the Board of the Company, with effect from January 30, 2024.
Key Points:
- HANGZHOU, China, Jan. 31, 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 Mr. Xiaoning Wu has been appointed by Kaixin’s board of directors (the “Board”) as a director of the Board and as the chairman of the audit committee of the Board of the Company, with effect from January 30, 2024.
- The Board has determined that Mr. Xiaoning Wu qualifies as a “financial expert” with adequate financial sophistication under Nasdaq Stock Market Rule 5605(a)(2) and Rule 10A-3 under the Securities Exchange Act of 1934.
- Mr. Xiaoning Wu has been serving as the chairman of Shangdong Zibo Fengdu Jiantao Company since 2003 and possesses rich experience in corporate financial management, capital investments, and sales areas.
- He also served as an accountant and corporate controller with Taishun Zhanzhou Construction Company during 1986-1993 and as CEO of Nantong Yongxing during 1994-2003.
Retrieved on:
Tuesday, January 30, 2024
BEIJING, Jan. 30, 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 has received an intention order to export 1,000 new energy vehicles in SKD mode to New Power Auto in Myanmar.
Key Points:
- BEIJING, Jan. 30, 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 has received an intention order to export 1,000 new energy vehicles in SKD mode to New Power Auto in Myanmar.
- Moreover, Kaixin has also obtained a five-year authorization from the Myanmar company as its strategic partner for the export of complete and SKD vehicles from China.
- Mr. Mingjun Lin, chairman and CEO of Kaixin, said: "New energy vehicles have become the core driving force for China's automobile export growth.
- This partnership with the Myanmar merchant is a major business breakthrough for our company’s auto import and export trading platform.
Retrieved on:
Monday, December 11, 2023
Kaixin is also actively seeking to partner with leading AI companies to jointly create intelligent, safe and efficient automobile travel products and services.
Key Points:
- Kaixin is also actively seeking to partner with leading AI companies to jointly create intelligent, safe and efficient automobile travel products and services.
- Mr. Lei Gu has served as senior expert with Ford Motor Company, dean of Chery Automobile Research Institute, chief engineer of BAIC Motor, and dean of Beijing Automotive Research Institute.
- He is a seasoned expert in automobile research and development and has profound professional knowledge and work experience in the area.
- Mr. Mingjun Lin, chairman and CEO of Kaixin, said: "AI vehicles stand for the future trend.
Retrieved on:
Thursday, November 16, 2023
BEIJING, 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”).
Key Points:
- BEIJING, 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”).
- Total net revenues were US$18.9 million, representing a decrease of 43% from US$33.3 million in the first half of 2022.
- Loss from operations was US$4.1 million, substantially less than the loss from operations of US$32.8 million in the first half of 2022.
- Adjusted net loss (non-GAAP)2 was US$3.3 million, compared to an adjusted net loss of US$3.8 million in the first half of 2022.
