China's Kaixin Auto jumps on plans to enter EV market
10/08/2021 12:31
** Used automobile seller's shares KXIN.O jump 18%
premarket, set to open at over four-month high of $3.44
** China-based KXIN announces plans to enter smaller size
electric vehicle market in the country; Says discussed M&As with
a number of electric-car manufacturers to expedite plan
urn:newsml:reuters.com:*:nFWN2PH02G
** Stock shot up 89% on Friday after co revealed it will set
up a new EV business unit to look into the space urn:newsml:reuters.com:*:nL4N2PD2PE
** Stock was down 22% YTD as of last close
(Reporting by Susan Mathew)
((susan.mathew@thomsonreuters.com))