KXIN - Kaixin Auto Holdings Announces Myanmar Order of 1000 EVs | Benzinga
BEIJING, March 04, 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 signed an export order with Myanmar New Power Motor Co., Ltd. ("Myanmar New Power Motor") for 1,000 new energy vehicles in the SKD mode. Mr. Mingjun Lin, Chairman and CEO, Ms. Yi Yang, CFO, and Mr. Wu Liang, Vice President of Kaixin, and Mr. Hao Wang, Chairman, Mr. Aung Thike, General Manager, and Ms Jingjing Liu, Purchasing Department Manager of Myanmar New Power Motor, attended the signing ceremony. The signing of the export contract marked the countdown to the delivery of the first batch of 100 new energy vehicles.
Mr. Wu Liang said that the cooperation leverages the high-quality business environment and policies for new energy vehicles in China and Myanmar. It is a major business breakthrough for Kaixin's proprietary Chinese auto import and export trading platform. The Company will continue to promote the formation of industrial clusters in overseas markets. Kaixin is committed to working with Myanmar New Power Motor and other high-quality partners to promote automobile trade between the two countries.
Mr. Hao Wang expressed his delight in the cooperation with Kaixin and wishes to bring more auto products to Myanmar customers through joint efforts. ...