Benzinga | Jun 22, 2021 11:16AM EDT

Kaixin Set To Partner With Chinese RV Retailer

* Used car dealer Kaixin Auto Holdings (NASDAQ:KXIN) has announced it is in discussion with a leading Chinese RV (recreational vehicle) retailer on a joint venture exploring the fast-growing RV market in China.

* The RV retailer, Kaixin, is partnering with, operates its own RV dealerships, and hosts a leading RV owner community website and RV expositions across China.

* Kaixin did not disclose the terms of the partnership agreement.

* Kaixin and RV retailer will collaborate in sales and rental of RV vehicles and explore opportunities to develop and produce electric RV vehicles.

* Price action: KXIN shares are trading higher by 5.84% at $2.26 on the last check Tuesday.