# 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%.

- Type: Contract
- Announced: 2021-01-11
- Where: China
- Value: $2.30B (14.9B CNY)
- Status: announced
- Products: consumer vehicles

## Companies

- [Kaixin Auto Holdings](https://endata.com/companies/52423.md)
- [Haitaoche](https://endata.com/companies/52424.md)
- [China National Vehicles Imp & Exp Co., Ltd.](https://endata.com/companies/52425.md) (supplier)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/392148.html), 2021-01-11: "CVC will supply value 20亿元人民币 (about $300 million) of consumer vehicles in 2021 through Haitaoche's network."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.