Benzinga | Jun 22, 2021 07:09AM EDT

Kaixin Auto Holdings Says Is In Discussion With Chinese RF Retailer About A Joint Venture

Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ:KXIN) today announced that the Company is in discussion with a leading Chinese RV retailer about cooperation and joint venture in exploring the fast growing RV market in China. The leading RV retailer operates its own RV dealerships and host a leading RV owner community website and RV expositions across China.



The Chinese RV market is entering a fast growing stage. The annual sales volume experienced a 50% growth over the past three years, with over 69,000 RV vehicles sold in 2020. The Company and RV retailer intend to collaborate in sales and rental of RV vehicles and explore opportunities in development and production of electric RV vehicles.