KXIN - Kaixin Auto Holdings Announces Export Intention Order of 1000 EVs | Benzinga
BEIJING, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ:KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it has received an intention order to export 1,000 new energy vehicles in SKD mode to New Power Auto in Myanmar. The first batch of 100 vehicles will be shipped to Myanmar shortly. Moreover, Kaixin has also obtained a five-year authorization from the Myanmar company as its strategic partner for the export of complete and SKD vehicles from China.
Founded in 1982, New Power Auto has operations in various business sectors, including automotive trade and manufacturing, automobile maintenance, e-commerce, international trade, logistics and transportation, government projects, mining, etc., and has established a solid market position in industrial machinery and manufacturing. The company operates 9 major showrooms and 26 secondary dealers covering various cities across Myanmar.
Mr. Mingjun Lin, chairman and CEO of Kaixin, said: "New energy vehicles have become the core driving force for China's automobile export growth. This partnership with the Myanmar merchant is a major business breakthrough for ...