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Kaixin Auto Holdings Announces Myanmar Order of 1,000 EVs
KXINKaixin Auto(KXIN) Newsfilter·2024-03-04 12:00

Core Insights - Kaixin Auto Holdings has signed an export order with Myanmar New Power Motor Co., Ltd. for 1,000 new energy vehicles in SKD mode, marking a significant step in its international expansion [1][2] - The cooperation aims to leverage the favorable business environment for new energy vehicles in both China and Myanmar, with plans to enhance automobile trade between the two countries [2][3] - As China became the world's largest automobile exporter in 2023, the Chinese auto industry is focused on stimulating overseas new energy vehicle markets [3] Company Overview - Kaixin Auto Holdings is a leading new energy vehicle manufacturer in China, with expertise in R&D, production, and marketing, and facilities capable of stamping, welding, painting, and assembly [4] - The company produces various electric passenger and logistics vehicle models and aims to establish a competitive international market position through integrated online and offline operations [4] - Kaixin is committed to innovation and sustainability, contributing to the goals of peak carbon emissions and carbon neutrality [4]