Kaixin auto holdings announces framework agreement for order of 10,000 customized electric trucks

Beijing, dec. 23, 2021 (globe newswire) -- kaixin auto holdings (“kaixin” or the “company”) (nasdaq: kxin) announces today that it has reached a strategic partnership agreement with beijing shencheng biotechnology group limited (“shencheng”). under the framework agreement, shencheng agrees to purchase 10,000 customized new energy trucks from kaixin over the next 5 years. the total value is around $250 million.
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