Kaixin auto holdings announces negotiation of cooperation partnership by haitaoche limited

Beijing, march 05, 2021 (globe newswire) -- kaixin auto holdings (“kaixin” or the “company”) (nasdaq: kxin) today announced that haitaoche limited (“haitaoche”) is engaged in negotiation of a partnership with a leading online retail platform in china to tap into china's fast-growing e-commerce auto market. kaixin entered into a definitive share purchase agreement with the shareholders of haitaoche on december 31, 2020, pursuant to which kaixin will acquire 100% of the share capital of haitaoche from the shareholders of haitaoche.1
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