Kaixin HoldingsKXIN
What Kaixin Holdings does.
The Company is primarily engaged in the sales of domestic and imported automobiles in the PRC. We are committed to providing superior car purchase and ownership experiences to our customers. Our passion and professionalism build trust and long-term customer loyalty.
We are an auto sales company in China. As of December 31, 2025, we had one Dealership covering the major market in China. On average, our Dealership operators have over ten years of experience in the car sales industry. We provide car buyers in China with access to a wide selection of used vehicles across our network of Dealerships, with a focus on premium brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche.
China is the world’s largest automotive market both in demand and supply in 2025. On June 25, 2021, we closed the Haitaoche Acquisition. Haitaoche is a China-based merchant for domestic and imported automobiles. The manufacture and distribution of automobiles are undergoing significant changes in China, which are expected to create new opportunities and business models. Haitaoche strives to become a leading automobile retail platform in China. In addition to maintaining its domestic and imported new car sales business, it plans to expand into electronic vehicles and other business areas. Haitaoche aims to enter into strategic cooperation agreements with multiple electronic vehicle manufacturers in China and serve a wider group of distributors and consumers.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.2M | $253.8M | $82.8M | $31.5M | — | $129,000 |
| Net income | -$166,000 | -$196.6M | -$84.7M | -$53.6M | -$41.0M | -$53.9M |
| Free cash flow | — | — | -$2.5M | -$2.5M | -$3.0M | — |
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Figures from Kaixin Holdings's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.