Kaixin up on new energy vehicles' production, sales target
01/12/2021 12:39
** Shares of U.S.-listed Chinese car dealership KXIN.O up
8.1% at $1.85 premarket, after falling for three straight
sessions
** KXIN sets production and sales target for the three-year
period in 2022-2025 at 50,000 new energy vehicles in its
strategic plan urn:newsml:reuters.com:*:nGNXR4GX4
** Co will expand its new energy vehicle team and start with
developing medium-sized commercial vehicles for intra-city and
inter-city logistics applications in the initial stage
** As of last close, stock had fallen ~54% this year
(Reporting by Tiyashi Datta in Bengaluru)
((tiyashi.datta@thomsonreuters.com))