Kaixin Auto rose 25% in morning trading as it won an order agreement for 10,000 new energy trucks

Kaixin Auto rose 25% in morning trading as it won an order agreement for 10,000 new energy trucks.Beijing Bujia International Logistics Limited has agreed to order at least 10,000 new energy trucks over the next five years, with a deal worth more than $500 million, it said.

Lin Mingjun, chairman and CEO of Kaixin Auto Group, said that the company's R&D team is working on product design to meet Bujia's needs, which is expected to be released in the first quarter of next year.