Kaixin soars on $157 mln order from Beijing Bujia

Kaixin Holdings

22/03/2022 11:39

** U.S.-listed shares of Chinese car dealership Kaixin Auto
Holdings  KXIN.O  soar 33.8% to $1.74 premarket 
    ** Co says it has signed a sales order for 5,000 new energy
logistics vehicles with Beijing Bujia Technology Co Ltd worth a
total of 1 billion yuan ($157.24 million)  urn:newsml:reuters.com:*:nGNXbX4BJY
    ** The sales order is the initial implementation of the
10,000-unit intentional order reached between Kaixin and Bujia
in 2021 
    ** Vehicles are set to delivered starting Q3 this year, KXIN
says
    ** As of last close, stock up 14% YTD
    

($1 = 6.3598 Chinese yuan renminbi)

 (Reporting by Eva Mathews in Bengaluru)
 ((Eva.Mathews@thomsonreuters.com;))