Kaixin Auto Holdings Announces Appointment of Mr. Lei Gu as Strategic Advisor to New Energy Vehicle Business
May 27 2022 - 7:00AM
Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN)
announces today that it has hired Mr. Lei Gu as the strategic
advisor to lead development of its new energy vehicle business.
Before joining Kaixin, Mr. Gu was senior technical expert with Ford
Motor and had served as CTO and vice president of BAIC Motor, a
Fortune 500 company, president of BAIC Motor Engineering Research
Institute, board director and CEO of BAIC and Mercedes Benz
Technology Center, president of Chery Automobile Engineering
Research Institute, and president of Linktour Motor. He earned a
Ph.D from Northwestern University and a Ph.D from University of
Science and Technology of China as well.
Mr. Mingjun Lin, Chairman and CEO of Kaixin,
said: "The development of our new energy vehicles strategy needs
top technical talents, but more importantly forward-looking
directional guidance. With his profound knowledge and rich
experience in the automotive industry, I believe Mr. Gu will be a
big boost to the implementation of Kaixin’s new energy
strategy!"
About Kaixin Auto Holdings
Kaixin Auto Holdings is one of the primary
dealership networks in the premium used car segment and new car
sales in China. Supported by the rapid growth of China's used car
market and leveraging its own hybrid business model that offers
both strong online and offline presence, Kaixin is in the process
of transforming from a nationwide dealerships network to one of the
important players in China’s electric vehicle market.
Safe Harbor Statement
This announcement may contain forward-looking
statements. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements.
Among other things, the business outlook for 2021 and quotations
from management in this announcement, as well as Kaixin’s strategic
and operational plans, contain forward-looking statements. Kaixin
may also make written or oral forward-looking statements in its
filings with the U.S. Securities and Exchange Commission ("SEC"),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about Kaixin’s beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: our goals and strategies; our future
business development, financial condition and results of
operations; our expectations regarding demand for and market
acceptance of our services; our expectations regarding the
retention and strengthening of our relationships with auto
dealerships; our plans to enhance user experience, infrastructure
and service offerings; competition in our industry in China; and
relevant government policies and regulations relating to our
industry. Further information regarding these and other risks is
included in our other documents filed with the SEC. All information
provided in this press release and in the attachments is as of the
date of this press release, and Kaixin does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law.
For more information, please
contact:
Kaixin Auto
Holdings Investor RelationsEmail:
ir@kaixin.com
SOURCE: Kaixin Auto Holdings
Kaixin (NASDAQ:KXIN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Kaixin (NASDAQ:KXIN)
Historical Stock Chart
From Apr 2023 to Apr 2024