Kaixin up, says POCCO EV sales doubled in September

Kaixin Holdings

06/10/2021 12:38

** Shares of U.S.-listed Chinese car dealership firm
 KXIN.O  up 6.1% at $2.41 premarket - set to snap three sessions
of fall
    ** Co says sales doubled in September over the prior month
for the POCCO brand electric vehicles; orders exceeded 3,000
units in September  urn:newsml:reuters.com:*:nGNX4TtgXr
    ** Earlier in August, KXIN had signed a binding term sheet
to acquire the manufacturer of POCCO brand Henan Yujie Times
Automobile Co Ltd  urn:newsml:reuters.com:*:nL4N2PX38B
    ** KXIN says total sales in the upcoming Q4 are expected to
reach 11,500 units
    ** As of last close, stock had fallen ~39% this year

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))