 BEIJING, Jan. 11, 2021 GLOBE NEWSWIRE -- Kaixin Auto Holdings Kaixin or the Company NASDAQ: KXIN today announced that Haitaoche Limited Haitaoche has entered, through one of its subsidiaries, into a five-year vehicles supply contract the Vehicles Supply Contract with China National Vehicles Imp Exp Co., Ltd. CVC on January 11, 2021. 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 