Kaixin Auto subsidiary Haitaoche signs five-year vehicle supply contract with CVC

Kaixin Auto Holdings announced that its subsidiary Haitaoche has signed a five-year vehicle supply contract with China National Vehicles Imp & Exp Co., Ltd. (CVC). The contract is valued at 14.9 billion yuan (about $2.3 billion), with 2 billion yuan (about $300 million) in supply for 2021 and annual growth of at least 20%.

“CVC will supply value 20亿元人民币 (about $300 million) of consumer vehicles in 2021 through Haitaoche's network.”beta.zhitongcaijing.com

• 1 source
• beta.zhitongcaijing.com开心汽车(KXIN.US)宣布旗下子公司和CVC达成价值149亿元供应合同Jan 11, 2021

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