Kaixin up on agreement with China's Bujia for 10,000 EVs
16/12/2021 12:32
** Shares of U.S.-listed Chinese car dealership KXIN.O up
23% at $1.53 premarket - set to snap 6-day losing streak
** KXIN says it has reached an agreement with China's
automotive logistics and service terminals platform Beijing
Bujia International Logistics Ltd urn:newsml:reuters.com:*:nGNX3gX5HS
** According to agreement, Bujia agrees to order at least
10,000 new energy trucks from Kaixin in next 5 years
** Total amount of this order is above $500 mln
** As of last close, stock had fallen ~67% this year
(Reporting by Tiyashi Datta in Bengaluru)
((tiyashi.datta@thomsonreuters.com))