Kaixin Auto Holdings Announces Completion Of Morning Star Acquisition And Entry Into New Energy Vehicles Manufacturing
Kaixin Auto Holdings Announces Completion Of Morning Star Acquisition And Entry Into New Energy Vehicles Manufacturing
08/22/23, 11:02 AM
Industry
fleet management
automotive
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.
Company Info
Company info
Kaixin Auto Holdings is one of the primary dealership networks in the premium used car segment and new car sales in China. Supported by the rapid growth of China's used car market and leveraging its own hybrid business model that offers both strong online and offline presence, Kaixin is in the process of transforming from a nationwide dealerships network to one of the important players in China’s electric vehicle market.