A00

Kaixin Auto Holdings Announces Completion of Morning Star Acquisition and Entry into New Energy Vehicles Manufacturing

Retrieved on: 
Tuesday, August 22, 2023
Growth, Acquisition, A00, Rare-earth element, Kaixin001

BEIJING, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the closing of the acquisition of Morning Star Auto Inc. (“Morning Star”).

Key Points: 
  • BEIJING, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the closing of the acquisition of Morning Star Auto Inc. (“Morning Star”).
  • Following the closing, Morning Star has become a wholly-owned subsidiary of Kaixin, which represents the Company's official entry into the field of new energy vehicle manufacturing.
  • Mr. Mingjun Lin, chairman and CEO of Kaixin, said: "The Company has gone through a long journey in its transformation into the new energy vehicles business, and the successful completion of the Morning Star acquisition is an important milestone in the successful transformation of Kaixin!"
  • Mini-sized new energy vehicles are the product categories that Kaixin sees huge growth potential and focuses on in its future endeavors.

Kaiyi Auto new energy strategy anniversary results release

Retrieved on: 
Sunday, June 11, 2023
HD, Partnership, CATL, Chocolate, PHEV, Tencent, XA, Recycling, SUV, HH11, HH12, Ecology, Conference, A00, Cowin Auto

During the conference, Kaiyi Auto will showcase its three new energy technology platforms built on the "Yi concept", as well as five new energy products such as X7 PHEV, HH11 and HH12.

Key Points: 
  • During the conference, Kaiyi Auto will showcase its three new energy technology platforms built on the "Yi concept", as well as five new energy products such as X7 PHEV, HH11 and HH12.
  • "Yi concept" is an important support for Kaiyi's new energy strategy.
  • The five new energy products which will be shown on the conference are from the i-FA and i-EA platforms.
  • Around 2025, the new energy models of Kaiyi will form "three new energy product patterns with SUVs as the main, A00 models as the supplementary, and a new expandable SUV platform as the core."

Microcars Are the Smaller, Greener Future of Urban Commuting, Reports IDTechEx

Retrieved on: 
Friday, February 24, 2023
Kei, CPCA, Safety, Transport, NMC, Wuling Hongguang Mini EV, Renault, JAC Motors, Honda, EVS, Micro, Common, City, Chery, Mini, Electric two-wheeler sharing, SAIC Motor, Great Wall Motor, Original equipment manufacturer, Changan Automobile, EU, LFP, Microcar, A00, Rail transport, Citroën

BOSTON, Feb. 24, 2023 /PRNewswire/ -- There is a need to scrap the "highway-centric" model of urban development and prioritize the ease and convenience of local trips. Most car trips are short trips carrying just one person. Most of the energy is wasted on carrying the vehicle's own weight. Oversized vehicles are the root cause of urban congestion, pollution, waste of energy, material, and public space. As cities everywhere move toward a high-density, low-speed, low-impact model, it calls for a new type of personal vehicle to be created for people to get around conveniently. Microcars are one solution.

Key Points: 
  • Oversized vehicles are the root cause of urban congestion, pollution, waste of energy, material, and public space.
  • The IDTechEx report, " Micro EVs 2023-2043: Electric Two-Wheelers, Three-Wheelers, and Microcars ", benchmarks over 25 models of microcars from various countries on key metrics like motor power, battery capacity, and range.
  • IDTechEx sees microcars fitting in between electric cars and electric mopeds on the mobility spectrum.
  • The IDTechEx report includes microcars from various OEMs and startups, along with market shares for key regions.

Microcars Are the Smaller, Greener Future of Urban Commuting, Reports IDTechEx

Retrieved on: 
Friday, February 24, 2023
Kei, CPCA, Safety, Transport, NMC, Wuling Hongguang Mini EV, Renault, JAC Motors, Honda, EVS, Micro, Common, City, Chery, Mini, Electric two-wheeler sharing, SAIC Motor, Great Wall Motor, Original equipment manufacturer, Changan Automobile, EU, LFP, Microcar, A00, Rail transport, Citroën

BOSTON, Feb. 24, 2023 /PRNewswire/ -- There is a need to scrap the "highway-centric" model of urban development and prioritize the ease and convenience of local trips. Most car trips are short trips carrying just one person. Most of the energy is wasted on carrying the vehicle's own weight. Oversized vehicles are the root cause of urban congestion, pollution, waste of energy, material, and public space. As cities everywhere move toward a high-density, low-speed, low-impact model, it calls for a new type of personal vehicle to be created for people to get around conveniently. Microcars are one solution.

Key Points: 
  • Oversized vehicles are the root cause of urban congestion, pollution, waste of energy, material, and public space.
  • The IDTechEx report, " Micro EVs 2023-2043: Electric Two-Wheelers, Three-Wheelers, and Microcars ", benchmarks over 25 models of microcars from various countries on key metrics like motor power, battery capacity, and range.
  • IDTechEx sees microcars fitting in between electric cars and electric mopeds on the mobility spectrum.
  • The IDTechEx report includes microcars from various OEMs and startups, along with market shares for key regions.

Jiuzi Holdings Inc. Enters into a Letter of Intent with subsidiary of Baoneng Auto Group Ltd.

Retrieved on: 
Monday, June 27, 2022
Review, BAIC, CPCA, Offering, CEO, Nezha, Letter of intent, Trumpchi, Geely, Growth, COO, Company, Industry, Phrase, BYD, LOI, EV, Statistics, A00, NEVS, SEC, City, Chinese character classification, NASDAQ, Baoneng Group, Electric car, Car dealership, Motor vehicle, Chery

HANGZHOU, China, June 27, 2022 /PRNewswire/ -- Jiuzi Holdings, Inc. (NASDAQ: JZXN; the "Company"), a leading new energy vehicle (NEV) dealership group under the brand name "Jiuzi" in China, today announced that its operating entity, Hangzhou Zhitongche Technology Limited ("Zhitongche"), has entered into a Letter of Intent (the "LOI") with Kunshan Baoneng Auto Sales Co., Ltd ("Kunshan Baoneng"), the subsidiary of Baoneng Auto Group Ltd. ("Baoneng Auto").

Key Points: 
  • HANGZHOU, China, June 27, 2022 /PRNewswire/ -- Jiuzi Holdings, Inc. (NASDAQ: JZXN; the "Company"), a leading new energy vehicle (NEV) dealership group under the brand name "Jiuzi" in China, today announced that its operating entity, Hangzhou Zhitongche Technology Limited ("Zhitongche"), has entered into a Letter of Intent (the "LOI") with Kunshan Baoneng Auto Sales Co., Ltd ("Kunshan Baoneng"), the subsidiary of Baoneng Auto Group Ltd. ("Baoneng Auto").
  • Baoneng Auto was established in 2017 by Baoneng Investment Group ("Baoneng Group"), a well-known Chinese property and finance conglomerate.
  • Baoneng Group entered the automotive industry aiming to develop new energy vehicles.
  • We are confident that Jiuzi will be one of the best distribution partners of Baoneng Auto, and we expect to expand our cooperation to other provinces in China."