# Kaixin Auto signs non-binding term sheet to acquire WM Motor

Kaixin Auto Holdings signed a non-binding acquisition term sheet with WM Motor Holdings to issue new shares to acquire 100% of WM Motor's equity.

- Type: Acquisition
- Announced: 2023-09-11
- Where: China
- Status: announced
- Products: smart electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Kaixin Auto Holdings](https://endata.com/companies/52423.md) (acquirer)
- [WM Motor Holdings](https://endata.com/companies/72511.md) (target)

## Sources

- [ir.kaixin.com](https://ir.kaixin.com/news-releases/news-release-details/kaixin-auto-holdings-announces-non-binding-acquisition-term/), 2023-09-11: "Kaixin Auto Holdings today announced that the Company has signed a non-binding acquisition term sheet with WM Motor Holdings Limited."

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