Kaixin Auto Holdings Acquires Zhejiang Ordinary Smile Auto Sales

An update from Kaixin Auto Holdings ( (KXIN) ) is now available.

On December 2, 2025, Kaixin Auto Holdings entered into a definitive securities purchase agreement to acquire Zhejiang Ordinary Smile Auto Sales Co., Ltd., a company involved in automobile wholesale and retail in China. The acquisition involves issuing up to $15 million in newly issued Class A ordinary shares, held in escrow and released based on five-year performance targets. This strategic move aims to enhance Kaixin’s market presence and operational capabilities in the automotive sector, with potential implications for stakeholders depending on the Target Company’s performance over the assessment period.

Spark’s Take on KXIN Stock

According to Spark, TipRanks’ AI Analyst, KXIN is a Underperform.

Kaixin Auto Holdings faces severe financial challenges, including declining revenues and negative cash flows, weighing heavily on the stock score. The weak technical indicators further suggest bearish sentiment. Valuation metrics are unfavorable due to the lack of profitability. The neutral impact from the earnings call due to lack of information doesn’t offer any positive offset. Overall, the stock is rated low, reflecting significant risks and challenges.

To see Spark’s full report on KXIN stock, click here.

More about Kaixin Auto Holdings

Kaixin Auto Holdings is a NASDAQ-listed company registered in the Cayman Islands, with its wholly-owned subsidiary Zhejiang Kaixin Auto Co., Ltd. based in Taishun, Wenzhou, China. The company is engaged in the research, development, production, and sales of automobiles, focusing on the automobile wholesale and retail business.

Average Trading Volume: 284,499

Technical Sentiment Signal: Sell

Current Market Cap: $25.15M

For detailed information about KXIN stock, go to TipRanks’ Stock Analysis page.