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08 Nov
07:12

Kaixin Auto to officially enter NEV market after acquiring Morning Star Auto

Nasdaq-listed Chinese automobile retail platform Kaixin Auto Holdings recently disclosed it has signed an M&A agreement with Chinese automobile wholesaler Morning Star Auto Inc's shareholders. Kaixin Auto will acquire 100% of the shares of Morning Star Auto as part of its plan to officially enter the new energy vehicle market.  Morning Star Auto Inc (Wuxi) owns Henan Yujie Time Automobile and is the manufacturer and retailer of the mini electric vehic…
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