Read Why Kaixin Auto Shares Are Soaring Today

by Shivani Kumaresan, Benzinga Staff Writer

March 28, 2022 8:08 AM | 27 seconds read | Make a Comment

Kaixin Auto Holdings KXIN revealed that Beijing Camping Club Sports and Culture Communication Co Ltd (Camping Club) has agreed to order about 20,000 new energy vehicles over the next five years.
The value of the order totals RMB6 billion ($938 million).
Camping Club, a modern sports and leisure tourism service platform, sponsors the China International Camping Congress, an event approved by the General Administration of Sports of China.
Price Action: KXIN shares are trading higher by 54% at $1.71 in premarket on the last check Monday.

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