Kaixin Set To Partner With Chinese RV Retailer

Used car dealer Kaixin Auto Holdings KXIN has announced it is in discussion with a leading Chinese RV (recreational vehicle) retailer on a joint venture exploring the fast-growing RV market in China.
The RV retailer, Kaixin, is partnering with, operates its own RV dealerships, and hosts a leading RV owner community website and RV expositions across China.
Kaixin did not disclose the terms of the partnership agreement.
Kaixin and RV retailer will collaborate in sales and rental of RV vehicles and explore opportunities to develop and produce electric RV vehicles.
Price action: KXIN shares are trading higher by 5.84% at $2.26 on the last check Tuesday.