RTTNews | Aug 6, 2021 10:40AM EDT

10:39 Friday, August 6, 2021 (RTTNews.com) - Kaixin Auto Holdings (KXIN) shares are spiking on Friday morning trade after the company said it decided to establish a new energy vehicle business unit. The company said it will announce the progress of the business transactions, negotiations of mergers and acquisitions in a timely manner.

Currently, shares are at $2.82, up 68.86 percent from the previous close of $1.67 on a volume of 106,732,016. For the 52-week period, the shares have traded in a range of $0.40-$13.40 on average volume of 545,701.

Read the original article on RTTNews ( https://www.rttnews.com/3217022/kaixin-auto-surges-on-plan-to-establish-new-energy-vehicle-unit.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved