Tiger Newspress2022-03-22
Kaixin Auto soared nearly 14% in morning trading on new energy logistics vehicles order from Beijing Bujia.
It signed a sales order for 5K new energy logistics vehicles with Beijing Bujia Technology.
Bujia, leading automobile logistics service provider in China, will be ordering a total of RMB 1B RMB (or $156M) worth of new energy vehicles from Kaixin in 2022 and 2023.
The sales order is the initial implementation of the 10K-unit intentional order reached between Kaixin and Bujia in 2021.
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