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Kaixin Auto enters business partnership with China Automobile Import and Export

Apr. 06, 2023 8:10 AM ETKaixin Auto Holdings (KXIN) StockBy: Meghavi Singh, SA News Editor
  • Kaixin Auto (NASDAQ:KXIN) has reached a strategic business partnership with China Automobile Import and Export (CMC AUTO).
  • CMC Auto is the "window company" of China's automobile import and export industry and is engaged in export trading services for new vehicles, auto parts, and used vehicles, and overseas central warehouses.
  • The integration aims to build up a joint export trading platform for new energy vehicles with a target total transaction volume of $10.8 billion in the coming five years.

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