Kaixin Auto shares jumped more than 16% in premarket trading.

Tiger Newspress2021-12-23

Kaixin Auto(NASDAQ:KXIN)has reached a strategic partnership agreement with Beijing Shencheng Biotechnology Group Limited.

Shencheng is a well-known biotechnology company engaged in waste sorting and recycling in China.

Under the terms, Shencheng agrees to purchase 10,000 customized new energy trucks from Kaixin over the next 5 years for its environmental protection and resource recycling projects.

The total value is around $250 million.

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精彩评论

Gaga71
2021-12-24
Gaga71
One off deal?
SPOT_ON
2021-12-24
SPOT_ON
Like
WSBApes
2021-12-23
WSBApes
like this comment
Chitz
2021-12-23
Chitz
Good
SYFU
2021-12-23
SYFU
Is shaggy
diamondHands
2021-12-23
diamondHands
Like please

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