Kaixin auto holdings announces entry into a vehicles supply contract between haitaoche limited and china national vehicles import & export company

Beijing, jan. 11, 2021 (globe newswire) -- kaixin auto holdings (“kaixin” or the “company”) (nasdaq: kxin) today announced that haitaoche limited (“haitaoche”) has entered, through one of its subsidiaries, into a five-year vehicles supply contract (the “vehicles supply contract”) with china national vehicles imp & exp co., ltd. (“cvc”) on january 11, 2021. 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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