Kaixin Holdings
KXIN

$0.0830

7.66%

Market Cap: $4.95M

About: Kaixin Holdings is an auto retail platform for luxury used cars and imported new cars. The company is actively engaged in the research and development, design, manufacturing, and sales of electric vehicles and promotes the innovation of next-generation autonomous driving and artificial intelligence technologies. The company primarily generates revenues from sales of used cars, as well as fees obtained from its role as a channel partner for third-party auto financing and other value-added service providers.

Employees: 23

Consumer Discretionary Auto Dealers & Gasoline Stations

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0.49% less ownership

Funds ownership: 1.34% [Q1] → 0.85% (-0.49%) [Q2]

13% less funds holding

Funds holding: 8 [Q1] → 7 (-1) [Q2]

22% less capital invested

Capital invested by funds: $70.2K [Q1] → $54.5K (-$15.7K) [Q2]

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

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Research analyst outlook

We haven’t received any recent analyst ratings for KXIN.

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Financial journalist opinion

Kaixin Holdings Announces Receipt of Nasdaq Delisting Determination and Submission of Appeal

HANGZHOU, China, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) dated August 19, 2024, indicating that the Company was not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii), as the Company's securities had a closing bid price of $0.10 or less for ten consecutive trading days (the “Letter”). The Letter indicated that, as a result, the Nasdaq staff has determined to delist the Company's securities from The Nasdaq Capital Market (the “Delisting Determination”).

Kaixin Holdings Announces Receipt of Nasdaq Delisting Determination and Submission of Appeal

Kaixin Holdings Announces 2024 Extraordinary General Meeting of Shareholders

HANGZHOU, China, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it will hold its extraordinary general meeting of shareholders (the “EGM”) at 198 Qidi Road, Unit B2-303-137, Beigan Community, Xiaoshan District, Hangzhou, Zhejiang Province, China on October 1, 2024 at 10:00 a.m. (Beijing time), for the purposes of considering and, if thought fit, passing and approving the resolutions set forth in the Notice of Extraordinary General Meeting and Proxy of the Company.

Kaixin Holdings Announces 2024 Extraordinary General Meeting of Shareholders

Kaixin Auto Holdings Announces Annual General Meeting Results

HANGZHOU, China, March 12, 2024 (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 March 4, 2024 (the “Annual General Meeting”) were duly passed.

Kaixin Auto Holdings Announces Annual General Meeting Results

Kaixin Auto Holdings Announces Myanmar Order of 1,000 EVs

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.

Kaixin Auto Holdings Announces Myanmar Order of 1,000 EVs

Kaixin Auto Holdings Announces Receipt of Nasdaq Letter Regarding Minimum Bid Price

HANGZHOU, China, Feb. 05, 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 the receipt of a notification letter (the “Nasdaq Letter”) dated February 1, 2024, from the Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”), notifying Kaixin that, for the 30 consecutive business days ended January 31, 2024, the Company failed to meet the requirement of maintaining a minimum bid price of $1 per share pursuant to Nasdaq Rule 5550(a)(2)(the “Rule”). The Nasdaq Letter does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until July 30, 2024, to regain compliance with the Rule. If, at any time before July 30, 2024, the closing bid price of the Company's common stock is at least $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will inform the Company that the Company has regained compliance with the Rule.

Kaixin Auto Holdings Announces Receipt of Nasdaq Letter Regarding Minimum Bid Price

Kaixin Auto Holdings Announces 2024 Annual Meeting of Shareholders

HANGZHOU, China, Feb. 02, 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 will hold its annual general meeting of shareholders (the “AGM”) at 198 Qidi Road, Unit B2-303-137, Beigan Community, Xiaoshan District, Hangzhou, Zhejiang Province, China on March 4, 2024 at 10:00 a.m. (Beijing time), for the purposes of considering and, if thought fit, passing and approving the resolutions set forth in the Notice of Annual General Meeting and Proxy of the Company.

Kaixin Auto Holdings Announces 2024 Annual Meeting of Shareholders

Kaixin Auto Holdings Announces Appointment of Director

HANGZHOU, China, Jan. 31, 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 Mr. Xiaoning Wu has been appointed by Kaixin's board of directors (the “Board”) as a director of the Board and as the chairman of the audit committee of the Board of the Company, with effect from January 30, 2024. The Board has determined that Mr. Xiaoning Wu qualifies as a “financial expert” with adequate financial sophistication under Nasdaq Stock Market Rule 5605(a)(2) and Rule 10A-3 under the Securities Exchange Act of 1934.

Kaixin Auto Holdings Announces Appointment of Director

Kaixin Auto Holdings Announces Partnership with DeepBlue AI Technology to Develop AI EVs

HANGZHOU, China, Jan. 31, 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 reached strategic cooperation intention with DeepBlue Artificial Intelligence Technology Company (“DeepBlue AI Technology”). Both have agreed to establish a joint venture to leverage the AI autonomous driving technology of DeepBlue AI Technology onto Kaixin's mass-produced EV models to develop a new generation of AI autopilot EVs and to achieve market-oriented operations.

Kaixin Auto Holdings Announces Partnership with DeepBlue AI Technology to Develop AI EVs

Kaixin Auto Holdings Announces Export Intention Order of 1,000 EVs

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.

Kaixin Auto Holdings Announces Export Intention Order of 1,000 EVs

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.

Kaixin Auto Holdings Announces Establishing AI Automobile Research Institute to Formulate AI Development Strategy

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