Kaixin Auto Holdings Announces Establishing AI Automobile Research Institute to Formulate AI Development Strategy
- BEIJING, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and one of the premium imported cars and used cars platform in China, today announced that it has established its AI Automotive Research Institute, with senior VP Mr. Lei Gu appointed as the dean, to facilitate the formation and integration of the company's development strategy for artificial intelligence applications. Kaixin is also actively seeking to partner with leading AI companies to jointly create intelligent, safe and efficient automobile travel products and services.
- 12/11/2023
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Kaixin Auto Holdings Announces Supplements to Unaudited First Half 2023 Financial Results
- BEIJING, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and one of the premium imported cars and used cars platform in China, today announces certain supplements to the unaudited financial results for the six months ended June 30, 2023 originally announced on November 3, 2023 (the “November 3 Announcement”). The November 3 Announcement is hereby replaced in its entirety with this announcement (the “Amendment Announcement”).
- 11/16/2023
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Kaixin Auto Holdings Announces Resignation of Director
- BEIJING, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and one of the premium imported cars and used cars platform in China, today announced that Mr. Lin Cong resigned from the Company's Board of Directors, effective on October 30, 2023.
- 11/06/2023
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Kaixin Auto Holdings Announces Unaudited First Half 2023 Financial Results
- BEIJING, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and one of the premium imported cars and used cars platform in China, today announced its unaudited financial results for the six months ended June 30, 2023. First Half of 2023 Highlights Total net revenues were US$18.9 million, representing a decrease of 43% from US$33.3 million in the first half of 2022.
- 11/03/2023
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Kaixin Auto Holdings Announces Receipt of Nasdaq Letter Regarding Regaining Compliance with Minimum Bid Price Requirement
- BEIJING, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN) today announced the receipt of a notification letter dated September 28, 2023 from the Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”), notifying Kaixin that, the Nasdaq Staff has determined that for the last 10 consecutive business days, from September 15 through September 28, 2023, the closing bid price of the Company's ordinary shares has been at $1.00 per share or greater.
- 09/29/2023
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Six Strengths of WM Motor that Attracted Kaixin Auto Holdings to the Proposed Acquisition
- BEIJING, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN) today announced that it had identified several noteworthy strengths in WM Motor Holdings Limited ("WM Motor") that attracted the Company to the proposed acquisition. On September 11, Kaixin announced the non-binding acquisition term sheet with WM Motor to acquire 100% of equity of WM Motor. As a pioneer in bringing innovative smart EV technologies to China's mainstream auto market, WM Motor possesses six unique strengths.
- 09/20/2023
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Kaixin Auto Holdings Announces Share Consolidation
- BEIJING, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it will effect a share consolidation of its ordinary shares at a ratio of 1-for-15, effective as of 5:00 p.m. Eastern Time on September 14, 2023 (the “Share Consolidation”). The Company's ordinary shares are expected to begin trading on a post-consolidation basis at the opening of trading on September 15, 2023. Upon the market opening on September 15, 2023, the Company's ordinary shares will continue to be traded on The Nasdaq Capital Market under the symbol “KXIN” with the new CUSIP number G5223X142.
- 09/14/2023
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Kaixin Auto Holdings Announces Non-Binding Acquisition Term Sheet with WM Motor
- BEIJING, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that the Company has signed a non-binding acquisition term sheet with WM Motor Holdings Limited ("WM Motor"), planning to issue a certain number of new shares to acquire 100% of equity of WM Motor held by its current shareholders.
- 09/11/2023
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Kaixin Auto Holdings Announces Annual General Meeting Results
- BEIJING, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that all resolutions presented to the shareholders at its annual general meeting held on August 19, 2023 (the “Annual General Meeting”) were duly passed.
- 08/24/2023
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Kaixin Auto Holdings Announces Completion of Morning Star Acquisition and Entry into New Energy Vehicles Manufacturing
- 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.
- 08/22/2023
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Kaixin Auto Holdings Announces Supplementary Acquisition Agreement with Morning Star and Expects Completion of the Acquisition in August 2023
- BEIJING, July 11, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announces that the Company has signed a supplementary acquisition agreement with Morning Star Auto Inc (“Morning Star”) and expects completion of the Morning Star acquisition in August 2023.
- 07/11/2023
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Kaixin Auto Holdings Announces 2023 Annual Meeting of Shareholders
- BEIJING, July 10, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it will hold its annual general meeting of shareholders (the “AGM”) at 13/F, Gloucester Tower, The Landmark, 15 Queen's Road Central, Central, Hong Kong on August 19, 2023 at 10:00 a.m. (Hong Kong time), for the purposes of considering and, if thought fit, passing and approving the resolutions set forth in the Notice of Annual General Meeting of the Company.
- 07/10/2023
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The 7 Most Promising Penny Stocks to Buy in June
- Some of the most promising penny stocks are up-and-coming and just just getting started. The world of penny stocks is all about speculating which young firms have the potential to become the next big companies.
- 06/07/2023
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3 Money-Losing Stocks to Cut Your Losses on Now
- While the concept of market success glamorizes taking shots on potential winners, a holistically positive plan can't ignore stocks to cut losses on. In other words, it doesn't really matter if you pick a handful of moonshots if the other losses in your portfolio end up sinking your net holdings into the red.
- 05/30/2023
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Why Kaixin Shares Are Surging Today
- Kaixin Auto Holdings (NASDAQ: KXIN) is trading higher Monday after the company announced an order for 20,000 electric vehicles. Camping Club has agreed to order at least 20,000 new energy vehicles from Kaixin over the next five years, valued at approximately $939 million.
- 03/28/2022
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Why Is Kaixin Auto (KXIN) Stock Up 40% Today?
- Kaixin agreed to supply at least 20,0000 vehicles to a Chinese tourism company, causing KXIN stock to soar today. The post Why Is Kaixin Auto (KXIN) Stock Up 40% Today?
- 03/28/2022
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Trading Penny Stocks? Top Stocks Market News for March 28th, 2022
- Here's what you need to know about trading penny stocks on March 28th The post Trading Penny Stocks? Top Stocks Market News for March 28th, 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 03/28/2022
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Read Why Kaixin Auto Shares Are Soaring Today
- Kaixin Auto Holdings (NASDAQ: KXIN) revealed that Beijing Camping Club Sports and Culture Communication Co Ltd (Camping Club) has agreed to order about 20,000 new energy vehicles over the next five years. The value of the order totals RMB6 billion ($938 million).
- 03/28/2022
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KXIN Stock Alert: There Are 10,000 Reasons Kaixin Auto Is Revving Up Today
- Kaixin Auto has announced its second major partnership of the month. KXIN stock is likely to soar in 2022 if this trend continues.
- 12/23/2021
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Kaixin Auto Stock Pops On Order For 10,000 Customized Electric Trucks
- Kaixin Auto Holdings (NASDAQ: KXIN) has reached a strategic partnership agreement with Beijing Shencheng Biotechnology Group Limited for supplying its new energy trucks. Under the agreement, Shencheng will purchase 10,000 customized new energy trucks from Kaixin over the next 5 years.
- 12/23/2021
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KXIN Stock Alert: What Is the EV News Sending Kaixin Auto Soaring Today?
- A new partnership between two Chinese companies is breathing life into one little-known EV producer. Here's why KXIN stock is soaring.
- 12/16/2021
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Kaixin Auto Stock Soars After Securing Intention Order From Bujia
- Kaixin Auto Holdings (NASDAQ: KXIN) has signed a strategic partnership agreement with Beijing Bujia International Logistics Limited on order for at least 10,000 new energy trucks in the next five years. The total dollar amount of the intended order is above $500 million.
- 12/16/2021
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Kaixin Notes Solid Growth In Yujie's POCCO EV Delivery In September
- Kaixin Auto Holdings (NASDAQ: KXIN) announced that POCCO brand electric vehicles (EV) delivery in September rose 200% to 1200 units over 400 units in August. Kaixin has signed a binding term sheet to acquire Henan Yujie Times Automobile Co Ltd, which produces the POCCO EVs.
- 10/06/2021
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Kaixin Auto Holdings Announces POCCO EV Orders over 3000 Units in September
- BEIJING, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that sales doubled in September over the prior month for the POCCO brand electric vehicles (“EV”) manufactured by Henan Yujie Times Automobile Co., Ltd. (“Yujie”), which Kaixin has signed a binding term sheet to acquire. Yujie launched two EV models under the POCCO brand, namely MeiMei in March of 2021 and DuoDuo in August, respectively. According to Yujie, orders for POCCO EVs exceeded 3,000 units in September, constituting a 130% increase over that of 1,300 units in August; the actual delivery in September was around 1,200 units, a 200% increase over that of 400 units in August. Total sales in the upcoming fourth quarter are expected to reach 11,500 units.
- 10/06/2021
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Kaixin Auto Holdings Announces Promising POCCO EV Sales Forecasts
- BEIJING, Sept. 08, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced promising sales forecasts for the POCCO brand electric vehicles (“EV”) manufactured by Henan Yujie Times Automobile Co., Ltd. (“Yujie”), which Kaixin has signed a binding term sheet to acquire. According to Yujie, it has launched two EV models under the POCCO brand, MeiMei and DuoDuo. Since its debut in March 2021, the MeiMei model has sold more than 6,000 units. The DuoDuo model was launched in August this year. The combined sales volume of the two models is expected to reach 15,000 units and 50,000 units in 2021 and 2022, respectively.
- 09/08/2021
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Trending Penny Stocks to Buy in September? Check These 3 Out
- Are these penny stocks on your September small-caps watchlist? The post Trending Penny Stocks to Buy in September?
- 08/29/2021
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Kaixin Auto Holdings Signed Binding Term Sheet to Acquire EV Manufacturer
- BEIJING, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that the Company has reached a binding term sheet to acquire 100% equity of Henan Yujie Times Automobile Co., Ltd. (“Yujie”) through new share issuance. Yujie is a leading Chinese electronic vehicles (“EV”) manufacturer specialized in small size multi-function EVs. The contemplated deal would be the first major M&A transaction following the establishment of Kaixin's New Energy Vehicle Unit. It marks Kaixin's official entry into China's small size EV market, which is forecasted to reach a 10 million vehicles scale over the next 5 years according to Yujie.
- 08/26/2021
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Best Penny Stocks to Buy Right Now According to Reddit
- Penny stocks on Reddit are popular right now, here's 3 to take a look at in August The post Best Penny Stocks to Buy Right Now According to Reddit appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 08/18/2021
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Hot Penny Stocks For Your List in August? Check These 3 Out
- Which penny stocks are you watching in the second half of August? The post Hot Penny Stocks For Your List in August?
- 08/13/2021
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Why Are Kaixin Auto Shares Trading Higher Today?
- Kaixin Auto Holdings (NASDAQ: KXIN) traded higher Tuesday following news the company intends to enter the smaller-size electric vehicle market in China. "Kaixin's new energy vehicle unit has launched development plans focused on smaller EV models in the subcompact and minicompact categories," the company said in a press release issued Tuesday morning.
- 08/10/2021
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Kaixin Auto Stock Gains On Plan For Entry Into Compact EV Market, Seeks Mergers And Acquisitions
- Used car dealer Kaixin Auto Holdings (NASDAQ:KXIN) has announced entry into the smaller size electric vehicle (EV) market in China. The company's new energy vehicle unit has launched development plans focused on smaller EV models in the subcompact and mini-compact categories.
- 08/10/2021
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KXIN Stock Price Increases Over 17% Pre-Market: Why It Happened
- The stock price of Kaixin Auto Holdings (NASDAQ: KXIN) increased by over 17% pre-market. This is why it happened.
- 08/10/2021
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KXIN Stock Price Falls Over 6% Pre-Market: Why It Happened
- The stock price of Kaixin Auto Holdings (NASDAQ: KXIN) fell by over 6% pre-market. This is why it happened.
- 08/09/2021
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Kaixin Auto stock soars after disclosing merger talks, ambition to be like Nio, XPeng and Li Auto
- Shares of Kaixin Auto Holdings took flight on massive volume Friday, after the China-based used and new car dealership announced plans to establish a new energy vehicle (EV) business unit. The company said it has been in merger and acquisition talks with "a number of EV manufacturers.
- 08/06/2021
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Top Penny Stocks to Watch As Jobs Report Shows Signs of Growth
- Top penny stocks to watch as jobs numbers grow in July and HOOD stock climbs again The post Top Penny Stocks to Watch As Jobs Report Shows Signs of Growth appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 08/06/2021
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KXIN Stock: Why Little-Known Kaixin Auto Is Skyrocketing Today
- KXIN stock is flying upward as a result of the company's latest announcement. The car dealer will see itself transform to car maker.
- 08/06/2021
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KXIN Stock Price Increases Over 65% Intraday: Why It Happened
- The stock price of Kaixin Auto Holdings (NASDAQ: KXIN) increased by over 65% during intraday trading. This is why it happened.
- 08/06/2021
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Trending Penny Stocks to Buy Right Now? 8 For Your Watchlist
- Are these trending penny stocks worth watching in July 2021? The post Trending Penny Stocks to Buy Right Now?
- 06/22/2021
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Kaixin Auto Holdings Announces Cooperation with Leading RV retailer
- BEIJING, June 22, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that the Company is in discussion with a leading Chinese RV retailer about cooperation and joint venture in exploring the fast growing RV market in China. The leading RV retailer operates its own RV dealerships and host a leading RV owner community website and RV expositions across China.
- 06/22/2021
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Best Penny Stocks To Buy Right Now? 3 To Know Before Next Week
- After this week's market pullback, some of these penny stocks are trending into the weekend. The post Best Penny Stocks To Buy Right Now?
- 05/21/2021
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Kaixin Auto Holdings Announces Changes to its Board Members
- BEIJING, May 12, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that Mr. Joseph Chen has resigned from Kaixin's board of directors (the “Board”), with effect from May 9, 2021, in order to focus on other business obligations. Mr. Mingjun Lin, Mr. Xiaolei Gu and Mr. Deqiang Chen were appointed by the Board as the directors of the Company, with effect from May 9, 2021. Mr. Mingjun Lin was appointed as the chairman of the Board.
- 05/12/2021
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Kaixin Auto Holdings announces results of the Extraordinary Shareholders' Meeting
- BEIJING, May 07, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the results of the extraordinary shareholders' meeting held on May 7, 2021. All agenda items presented at the meeting were approved by the shareholders, namely, (a) as an ordinary resolution that each authorised issued and unissued Ordinary share of a par value of US$0.0001 each be subdivided into 2 shares of a par value of US$0.00005 each, such that immediately following the Share Subdivision, the authorised share capital of the Company will be US$50,000 divided into 1,000,000,000 Ordinary shares of a par value of US$0.00005 each and (b) as a special resolution that the currently effective Second Amended and Restated Memorandum and Articles of Association of the Company be amended and restated by the deletion in their entirety and the substitution in their place of the Third Amended and Restated Memorandum and Articles of Association.
- 05/07/2021
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KXIN Stock: The Big Acquisition News That Has Kaixin Auto Soaring
- KXIN stock is up today on the heels of a big merger announcement. Investors are anxious to see how to company capitalizes on the acquisition.
- 04/15/2021
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KXIN Stock: Over 7% Increase Pre-Market Explanation
- The stock price of Kaixin Auto Holdings (NASDAQ: KXIN) increased by over 7% pre-market. This is why it happened.
- 04/12/2021
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Kaixin Auto Holdings Announces Cooperation Agreement between Haitaoche and Jingdong
- BEIJING, April 12, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that Haitaoche Limited (“Haitaoche”) has signed into a cooperation agreement (“Cooperation Agreement”) with Jingdong Century Trade Limited (“Jingdong”), a leading online retail platform (www.jd.com) 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
- 04/12/2021
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Kaixin Auto Holdings Announces Preferred Financing Transaction
- BEIJING, April 06, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it has entered into a definitive securities purchase agreement (the “Purchase Agreement”) with Renren Inc., a 72% shareholder of the Company as of the date of this announcement (the “Purchaser”) on March 31, 2021 and completed the closing on the same date.
- 04/06/2021
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KXIN Stock Price Increases Over 5% Pre-Market: Why It Happened
- The stock price of Kaixin Auto Holdings (NASDAQ: KXIN) is trading at over 5% pre-market. This is why it happened.
- 03/05/2021
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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
- 03/05/2021
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KXIN Stock Price Increases Over 30% Pre-Market: Why It Happened
- The stock price of Kaixin Auto Holdings (NASDAQ:KXIN) is trading at over 30% pre-market. This is why it happened.
- 03/02/2021
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Kaixin Auto Holdings Announces Entry into Vehicles Sales Contracts by Subsidiaries of Haitaoche Limited
- BEIJING, March 02, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that Haitaoche Limited (“Haitaoche”) has entered, through its subsidiaries, into two vehicles sales framework contracts (the “Vehicles Sales Contracts”) with third party customers on November 30, 2020 and December 8, 2020, respectively. 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
- 03/02/2021
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7 Overvalued EV Companies That Investors Should Wait on
- One of the hottest trends of 2020 – electric vehicles – look to continue its charge in the new year. However, these overvalued stocks may see more attractive prices in the future.
- 01/13/2021
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Even More Reasons To Avoid KXIN Stock Like The Plague
- With an opaque corporate culture, shaky finances, and an uncertain future, it's hard to find a reason to buy KXIN stock. The post Even More Reasons To Avoid KXIN Stock Like The Plague appeared first on InvestorPlace.
- 01/11/2021
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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
- 01/11/2021
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Why Kaixin Auto Is Simply a Trader's Stock With All the Inherent Risk
- There's a lot to question or not like about KXIN stock. Then again, there's also big-time profit opportunities for speculators appreciative of the risk in Kaixin Auto.
- 01/06/2021
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There's a Simple Reason to Not Bother with Kaixin Auto
- The problem with KXIN stock is that before you can answer why you want to invest in it, you have to understand what business it's in. The post There's a Simple Reason to Not Bother with Kaixin Auto appeared first on InvestorPlace.
- 01/04/2021
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Kaixin Auto Holdings Announces Entry into a Definitive Share Purchase Agreement with Shareholders of Haitaoche Limited
- BEIJING, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it has entered into a definitive share purchase agreement (the “Share Purchase Agreement”) with the shareholders (the “Sellers”) of Haitaoche Limited (“Haitaoche”) on December 31, 2020.
- 01/04/2021
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China's Kaixin Auto Is a High-Voltage EV Danger
- KXIN Stock and Kaixin Auto Holdings are so shrouded in mystery and controversy that this EV investment borders on radioactive. The post China's Kaixin Auto Is a High-Voltage EV Danger appeared first on InvestorPlace.
- 12/31/2020
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Kaixin Auto Holdings Announces Unaudited First Half 2020 Financial Results
- BEIJING, Dec. 30, 2020 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN), one of the premium used car dealership networks in China, today announced its unaudited financial results for the six months ended June 30, 2020.
- 12/30/2020
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Kaixin Auto Appointed Firm That May Be Banned From Auditing Chinese Firms
- Kaixin appointed an auditor that may be banned by the U.S. PCOAB from auditing Chinese firms. KXIN stock is even more confusing using a potentially banned auditor – implying investors should stay away.
- 12/23/2020
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Kaixin Auto Stock Is an Obvious No-Go
- KXIN stock has moved from pennies to over $4 — on basically no news. With no real bull case, the rally will reverse at some point.
- 12/18/2020
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Now On Sale, Kaixin Auto Stock Is a Worthy Lottery Ticket Investment
- Admittedly, KXIN stock isn't for everyone. Traders will have to expect volatility, but the stock's cheaper now and could pop at any moment.
- 12/15/2020
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Kaixin Auto Holdings Announces Appointment of New Auditor
- BEIJING, Dec. 11, 2020 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the appointment of Marcum Bernstein & Pinchuk LLP ("MarcumBP") as its independent registered public accounting firm, effective December 9, 2020.
- 12/11/2020
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There Are Too Many Red Flags to Invest in Kaixin Auto Stock
- Even after this run-up, uou can find far better opportunities in the electric vehicle boom than can be had with KXIN stock right now. The post There Are Too Many Red Flags to Invest in Kaixin Auto Stock appeared first on InvestorPlace.
- 11/23/2020
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KXIN Stock Price Increases 101.33%: Why It Happened
- The stock price of Kaixin Auto Holdings (NASDAQ: KXIN) surged 101.33% on Friday, November 20. These are some of the potential reasons why the stock price increased.
- 11/21/2020
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Kaixin Auto Holdings: Why Is KXIN Stock Soaring 88% Today?
- Kaixin Auto Holdings (KXIN) stock is on the move Friday despite there being no new news concerning the electric vehicles (EV) company. The post Kaixin Auto Holdings: Why Is KXIN Stock Soaring 88% Today?
- 11/20/2020
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Maybe Happiness Will Come to Kaixin With Its Latest Merger
- Maybe happiness will come to Kaixin with its latest reverse merger. KXIN stock is now even more confusing to most investors as there is no indication of what the deal brings.
- 11/10/2020
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As Enthusiasm Cools, Steer Clear of Kaixin
- Shares may be too risky to short, but this is hardly a "buy the dip" situation. Given its shaky fundamentals, ignore the hype, and avoid KXIN stock.
- 11/06/2020
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Avoid Desperate-Looking Kaixin Auto Like the Plague
- Kaixin Auto announced Nov. 5 that it's merging with Haitoche, a China-based e-commerce platform. What does this mean for KXIN stock?
- 11/05/2020
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Kaixin Auto Holdings Announces Entry into a Binding Term Sheet and Changes to Senior Management
- BEIJING, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it entered into a binding term sheet (the “Biding Term Sheet”) with Haitaoche Limited (Cayman) (“Haitaoche”) on November 3, 2020 and that it has made certain changes to its senior management team.
- 11/05/2020
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China's Massive Car Market Isn't Enough for Kaixin Auto
- Without this pandemic and the politics involved, KXIN stock would probably be a buy. But in reality, the narrative is incredibly tricky.
- 11/03/2020
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A Hybrid Business Model and EV Trends Will Boost Kaixin Auto Stock
- Because Kaixin Auto offers a strong online and offline presence, the pullback in KXIN stock shouldn't be a major source of concern. The post A Hybrid Business Model and EV Trends Will Boost Kaixin Auto Stock appeared first on InvestorPlace.
- 10/27/2020
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Kaixin Auto Holdings Announces Change to its Board Members
- BEIJING, July 28, 2020 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), one of the primary dealership networks in the premium used car segment in China, today announced that Tianruo Pu has resigned from Kaixin’s board of directors, effective July 27, 2020, in order to focus on other business obligations. Mr. Pu has served as chairman of the Audit Committee and of the Compensation Committee of the Company since Kaixin Auto Group consummated its business combination with CM Seven Star Acquisition Corporation through a share exchange, on April 30, 2019.Upon the departure of Mr. Pu, Mr. Lin Cong will be the only independent director of the Company and the sole member of the Company’s Audit Committee and Compensation Committee."On behalf of my fellow directors, the Company's management team, and shareholders, I'd like to thank Tiaoruo for the significant contributions he made during his service on Kaixin's Board," said Mr. Joseph Chen, chairman of Kaixin. "We wish him the best in his future endeavors."About Kaixin Auto HoldingsKaixin Auto Holdings is one of the primary dealership networks in the premium used car segment 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 has transformed itself from a tech-enabled financing platform into a nationwide dealer network that combines both self-owned and affiliated dealers as well as value-added services.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Kaixin may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Kaixin’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our goals and strategies; our future business development, financial condition and results of operations; the expected growth of the social networking site market in China; our expectations regarding demand for and market acceptance of our services; our expectations regarding the retention and strengthening of our relationships with used auto dealerships; our plans to enhance user experience, infrastructure and service offerings; competition in our industry in China; and relevant government policies and regulations relating to our industry. Further information regarding these and other risks is included in our other documents filed with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Kaixin does not undertake any obligation to update any forward-looking statement, except as required under applicable law.For more information, please contact:Kaixin Auto HoldingsRandall Xu Tel: +86 (10) 8448-1818 Email: randall.xu@renren-inc.comSOURCE: Kaixin Auto Holdings
- 07/28/2020
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Insider Buys Kaixin Auto Shares
- Kaixin Auto Hldgs Inc (NASDAQ:KXIN) was trading 1.1% higher from the previous closing price. Shareholder Value Fund filed a Form 4 with the SEC on Monday, July 20. The insider bought 5,119,571 shares at $1.32 on Tuesday, Apr 30, and bought 4,213,629 shares at $1.00 on Monday, Jul 06. . After the transactions, the executive's stake in Kaixin Auto Hldgs Inc. movedto 5,119,571 shares.Why Insider Transactions Are Important? While transactions from an insider shouldn't be used as the sole item to make an investment or trading decision, an insider buying or selling stock in their company can be a good added factor that leads to more conviction in a decision.When an insider buys stock after an important sell off, that can indicate the insider's faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Conversely, insiders who are selling stock at new lows can potentially indicate some kind of capitulation moment. Insiders selling at new highs can indicate that exec wants to "take some profit" and "lock in a gain."Important Transaction Codes Wall Street tends to focus on insider transactions which take place in the open market, viewed inside a Form 4 filing via codes P for purchase and S for sale. An open-market transaction means the insider went into the market of their own volition and made an active decision about the potential path for a company and its stock moving forward.Transaction codes other than P or S are often viewed with less conviction as they are often not tied to a decision by the exec. As an example, transaction code C indicates the conversion of an option. Transaction code A indicates the insider may have been forced to sell shares in order to receive compensation the exec was promised upon being hired by a company.See more from Benzinga * 7 Financial Services Stocks Moving In Wednesday's Pre-Market Session * 13 Financial Services Stocks Moving In Friday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/21/2020
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The Greatest SPAC Winners - From Nikola To DraftKings And Virgin Galactic
- Newly de-SPACed companies fight against headwinds. 10 companies that overcame the long odds.
- 07/13/2020
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Kaixin Auto Holdings Announces Filing of Annual Report on Form 20-F
- BEIJING, July 10, 2020 -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN), one of the primary dealership networks in the premium used car segment in China,.
- 07/11/2020
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Kaixin Auto Holdings Announces Unaudited 2019 Financial Results
- BEIJING, July 07, 2020 -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN), one of the primary dealership networks in the premium used car segment in China,.
- 07/08/2020
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Kaixin Auto Holdings Receives Notification of Deficiency From Nasdaq Relating to Delayed Filing of Annual Report on Form 20-F
- Kaixin Auto Holdings (“Kaixin” or the “Company”) (KXIN), one of the primary dealership networks in the premium used car segment in China, today announced it has received a notice from Nasdaq on July 02, 2020 stating that, as a result of not having timely filed its annual report on Form 20-F for the year ended December 31, 2019, Kaixin is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission (the “Commission”). The Company is required by Nasdaq to submit its plan to regain compliance no later than August 31, 2020.
- 07/06/2020
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Kaixin Auto Holdings Announces Entry into a Subscription Agreement
- Kaixin Auto Holdings (“Kaixin” or the “Company”) (KXIN), one of the primary dealership networks in the premium used car segment in China, today announced that it entered into a subscription agreement (the “Subscription Agreement”) on June 10, 2020 with Shareholder Value Fund (the “Subscriber”), which was the sponsor of Kaixin’s predecessor, CM Seven Star Acquisition Corporation. Pursuant to the Subscription Agreement, subject to customary closing conditions, the Company has agreed to issue 4,213,629 ordinary shares of the Company, par value 0.0001 per share, to the Subscriber.
- 06/12/2020
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Kaixin Auto Holdings Announces Receipt of Nasdaq Letter Regarding Minimum Bid Price
- Kaixin Auto Holdings ("Kaixin" or the "Company") (KXIN), one of the primary dealership networks in the premium used car segment in China, today announced the receipt of a notification letter (the “Nasdaq Letter”) dated on April 21, 2020 from the Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”), notifying Kaixin that, as of April 20, 2020, it failed to meet the requirement of maintaining a minimum bid price of $1 per share pursuant to Nasdaq Rule 5550(a)(2). In accordance with Nasdaq Rule 5810(c)(3)(A), the company has a period of 180 calendar days from the date of the Nasdaq Letter to regain compliance. Given the current extraordinary market conditions, Nasdaq has determined to toll the compliance periods for the bid price and market value of publicly held shares requirements through June 30, 2020.
- 04/27/2020
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Kaixin Auto Holdings Announces Receipt of Nasdaq Notification Letter and Subsequent Resolution
- Kaixin Auto Holdings ("Kaixin" or the "Company") (KXIN), one of the primary dealership networks in the premium used car segment in China, today announced the receipt of a notification letter (the “Nasdaq Letter”) dated April 7, 2020 from the Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”) and the subsequent resolution of the matter described in the Nasdaq Letter on April 13, 2020. The Nasdaq Letter indicated that, as a result of the resignation of Mr. Sing Wang from the Company’s board and audit committee (which the Company announced on April 7, 2020), the Company was not in compliance with Nasdaq’s audit committee requirements as set forth in Listing Rule 5605, but the Company was provided with a cure period consistent with Listing Rule 5605(c)(4).
- 04/14/2020
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Kaixin Auto Holdings Announces Change to its Board Members
- Kaixin Auto Holdings ("Kaixin" or the "Company") (KXIN), one of the primary dealership networks in the premium used car segment in China, today announced that Sing Wang, has resigned from Kaixin’s board of directors, effective April 1, 2020, in order to focus on other business obligations. Mr. Wang has served as chairman of the Nominating and Corporate Governance Committee and a member of the Audit Committee since Kaixin Auto Group consummated its business combination with CM Seven Star Acquisition Corporation through a share exchange, on April 30, 2019. "On behalf of my fellow directors, the Company's management team, and shareholders, I'd like to thank Sing for the significant contributions he made during his service on Kaixin's Board," said Mr. Joseph Chen, chairman of Kaixin.
- 04/07/2020
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Cheetah Mobile Appoints New Chief Financial Officer
- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading mobile internet company with global market coverage, today announced that it has appointed Mr. Thomas Jintao Ren as the Company's Chief Financial Officer, effective January 31st, 2020. Mr. Ren will
- 01/17/2020
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Is Kaixin Auto Holdings (KXIN) Going To Burn These Hedge Funds ?
- The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
- 11/30/2019
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Kaixin Auto Holdings Announces Unaudited Second Quarter 2019 Financial Results
- BEIJING, Nov. 26, 2019 -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN), one of the primary dealership networks in the premium used car segment in China,.
- 11/26/2019
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Kaixin to Report Second Quarter 2019 Financial Results on Tuesday, November 26, 2019
- BEIJING, Nov. 19, 2019 -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN), one of the primary dealership networks in the premium used car segment in China,.
- 11/19/2019
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Kaixin Auto Holdings Announces Appointment of New Auditor
- Kaixin Auto Holdings (KXIN) (“Kaixin” or the “Company”), a leading premium used car dealership network in China, today announced the appointment of KPMG Huazhen LLP ("KPMG") as the Company's new independent registered public accounting firm, effective November 5, 2019. The appointment of KPMG was made after a careful and thorough evaluation process and has been approved by the Company's audit committee. Renren, Kaixin’s corporate parent, has also appointed KPMG as its independent registered public accounting firm, replacing Deloitte Touche Tohmatsu Certified Public Accountants LLP (“Deloitte”), also effective November 5, 2019.
- 11/05/2019
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Kaixin Auto Holdings Appoints New Chief Financial Officer
- Kaixin Auto Holdings (KXIN) (“Kaixin” or the “Company”) announced today that it has appointed Ms. Yi “Lucy” Yang as its Chief Financial Officer, effective immediately. Ms. Yang will succeed Mr. Thomas Ren, who will continue to serve as chief financial officer of Renren Inc. (RENN) (“Renren”). Mr. Ji Chen, Chief Executive Officer of Kaixin, said, "On behalf of Kaixin’s Board of Directors and management team, I would like to thank Thomas for his numerous contributions and tireless work at Kaixin.
- 08/26/2019
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Kaixin Auto Holdings Announces Change in Certifying Accountant
- UHY served as independent accountant for the Company’s predecessor, CM Seven Star Acquisition Corporation, a Nasdaq listed company traded with the symbol, CMSS, a blank check company formed for the purpose of entering into a business combination with one or more businesses. In accordance with common practice following the completion of special purpose acquisition company business combinations, such as the one consummated by Kaixin’s predecessor CM Seven Star Acquisition Corporation, UHY has resigned as the Company’s independent public accounting firm.
- 07/20/2019
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