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For the Pocco Ev, Kaixin Auto Holdings Has Released Optimistic Sales Forecast

Kaixin Auto Holdings

Beijing will be the capital of China from March 28, 2022 to March 28, 2022 (GLOBE NEWSWIRE). It says today that Kaixin Auto Holdings (NASDAQ: KXIN) and Beijing Camping Club Sports and Culture Communication Co., Ltd. have reached a deal that will help the company grow (the “Camping Club”). If you want a new car, Camping Club will buy at least 20,000 from Kaixin over the next five years. Almost 6 billion RMB (about $938 million) was spent.

It is a modern sports and tourism service platform that sponsors the China International Camping Congress, which is a well-known event that has been approved by the General Administration of Sports in China. As the leader of China’s sports and leisure tourism culture, the China International Camping Congress has become a national fitness platform with a strong brand and appeal after six successful conferences in Wanning, Hainan Province, Qiandao Lake, Ulanqab, and other places.

It has set up a network of about 1,000 camping bases across the country and has played a big role in the growth of the sports and leisure tourism industry cluster. In China’s tourism development policy, the camping industry fits in with the main stream. China’s RV travel and camping industry will be the next billion-dollar business segment. With the rapid growth of China’s new energy vehicle industry, Camping Club plans to buy and sell a lot of new energy RVs in the future.

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This is what the CEO of Kaixin said: “The new energy vehicle business of Kaixin will focus on getting big orders from our strategic partners, increasing the size of the business by integrating different scenarios, cross-border cooperation and cross-industry joint innovations.”

About Kaixin Auto Holdings

KAIXIN AUTO HOLDINGS is one of the most important dealership networks in China, specialising in the selling of high-end used cars as well as new vehicle sales. Due in part to the rapid growth of China’s used car market and the use of its own hybrid business model, which has both a strong online and offline presence, Kaixin has evolved from a tech-enabled financing platform into a nationwide dealer network that combines its own and affiliated dealers, in addition to providing value-added services to customers.

For the Pocco Ev, Kaixin Auto Holdings Has Released Optimistic Sales Forecasts

Safe Harbor Statement

It is possible that this release will contain forward-looking remarks. These statements are made pursuant to the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995, which governs securities litigation in the United States. In order to identify forward-looking statements, search for words like “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and other similar expressions in the text. Forward-looking statements include, among other things, the business prognosis for 2021 and remarks from management in this announcement, as well as Kaixin’s strategy and operational initiatives, which are described in further detail below.

As well as in its filings with the Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials, as well as oral statements made by its officers, directors or employees to third parties, Kaixin may make forward-looking statements in its filings with the Securities and Exchange Commission (“SEC”). In this context, forward-looking statements include any statements that are not historical facts, such as comments regarding Kaixin’s opinions and expectations.

Forward-looking statements are subject to risks and uncertainties inherent in the forward-looking statements. We caution you that a number of factors could cause actual results to differ materially from those expressed in any forward-looking statement, including but not limited to our goals and strategies; our future business development; financial condition and results of operations; the expected growth of the social networking site market in China; our expectations regarding demand for and market acceptance of our services; and our expectations regarding retention and strengthening of key employees.

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Additional information about these and other risks may be found in our previous filings with the Securities and Exchange Commission. All information contained in this press release and its attachments is current as of the date of this press release, and Kaixin disclaims any commitment to update any forward-looking statement, save as required by applicable law, unless such requirement is imposed by the SEC.

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