Kaixin eyes best session in nearly 3 months on POCCO EV sales update

Kaixin Holdings

15/11/2021 15:23

** U.S.-listed shares of Chinese car dealership firm
 KXIN.O  up 8% at $2.16 - best session in nearly three months
    ** Co says sales for POCCO brand electric vehicles exceeded
20,000 units as of October this year
    ** POCCO sales volume in October reached 8,661 units, of
which DuoDuo and MeiMei models accounted for 5,627 and 3,034
units, respectively, 33.7% and 12.2% increase over September -
KXIN  urn:newsml:reuters.com:*:nGNX1KCXLP
    ** Last month, co said POCCO orders had exceeded 3,000 units
in September  urn:newsml:reuters.com:*:nL4N2R21X6
    ** Shares are snapping three consecutive sessions in the
red; overall, stock has dropped ~41% this year

 (Reporting by Anisha Sircar in Bengaluru)
 ((Anisha.Sircar@thomsonreuters.com;))