Kaixin Holdings Reports Asset and Revenue Changes

Kaixin Auto Holdings (KXIN) has released an update.

Kaixin Holdings, previously known as Kaixin Auto Holdings, reported a total asset decrease from $67,633 thousand as of December 31, 2023, to $64,600 thousand by June 30, 2024. The company’s liabilities also saw a reduction over the same period, dropping from $18,616 thousand to $15,358 thousand. Notably, the company’s six-month period ending June 30, 2024, shows no revenue generation compared to $18,856 thousand in the same period of the previous year, indicating significant changes in operations.

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