 BEIJING, April 12, 2021 GLOBE NEWSWIRE -- Kaixin Auto Holdings Kaixin or the Company NASDAQ: KXIN today announced that Haitaoche Limited Haitaoche has signed into a cooperation agreement Cooperation Agreement with Jingdong Century Trade Limited Jingdong, a leading online retail platform in China to tap into Chinas fast-growing e-commerce auto market. Kaixin entered into a definitive share purchase agreement with the shareholders of Haitaoche on December 31, 2020, pursuant to which Kaixin will acquire 100 of the share capital of Haitaoche from the shareholders of Haitaoche.1 