Kaixin Auto Holdings Signs Export Order for 1,000 EVs with Myanmar New Power Motor
BEIJING, March 4, 2024 - Kaixin Auto Holdings (Kaixin), a prominent Chinese manufacturer and sales platform for new energy vehicles (NEVs), announced today the successful signing of an export order with Myanmar New Power Motor Co., Ltd. (Myanmar New Power Motor). This milestone agreement brings together two industry leaders in a collaborative effort to advance the adoption of eco-friendly transportation solutions in Myanmar. Under the terms of the contract, Kaixin will supply 1,000 NEVs in the semi-knocked-down (SKD) mode.
The signing ceremony, attended by esteemed executives from both companies, including Kaixin’s Chairman and CEO Mr. Mingjun Lin, CFO Ms. Yi Yang, and Vice President Mr. Wu Liang, as well as Myanmar New Power Motor’s Chairman Mr. Hao Wang, General Manager Mr. Aung Thike, and Purchasing Department Manager Ms. Jingjing Liu, marked the commencement of an exciting partnership. With the first batch of 100 NEVs set for delivery, Kaixin and Myanmar New Power Motor are poised to make significant contributions to Myanmar’s sustainable mobility landscape.
Kaixin Auto Holdings has established itself as a leading force in China’s NEV market and is well-known for its expertise in manufacturing and sales. The company’s commitment to developing cutting-edge electric vehicle (EV) technology has enabled it to gain a competitive edge on a global scale. By forging strategic partnerships and expanding into international markets, Kaixin continues to accelerate the global transition towards cleaner, zero-emission transportation.
Myanmar New Power Motor is a formidable player in Myanmar’s automotive industry, boasting a strong reputation for its commitment to innovation and sustainability. As the country’s leading NEV distributor, the company has been instrumental in driving the adoption of electric vehicles, making this partnership with Kaixin a natural fit. By collaborating with a recognized industry leader like Kaixin, Myanmar New Power Motor aims to bring world-class NEVs to the people of Myanmar and contribute to the country’s efforts to reduce carbon emissions and combat climate change.
The export order agreement signifies a significant milestone in Kaixin’s international expansion strategy and highlights the growing demand for NEVs in emerging markets. Myanmar’s emerging economy offers a prime opportunity for Kaixin to showcase its state-of-the-art EV technology and establish a foothold in the Southeast Asian market. With its vast experience and resources, Kaixin is well-equipped to meet Myanmar’s burgeoning demand for sustainable transportation options.
The 1,000 NEVs to be supplied to Myanmar New Power Motor will not only contribute to reducing carbon emissions but also lead the way in fostering job creation and economic growth. By embracing sustainable transportation, Myanmar takes a crucial step towards achieving a greener and cleaner future, aligned with global environmental goals and commitments.
As Kaixin Auto Holdings embarks on this transformative partnership with Myanmar New Power Motor, the stage is set for a new era of sustainable mobility in Myanmar. With an increasing number of countries prioritizing the adoption of NEVs and the global automotive landscape rapidly evolving, it is partnerships like these that will drive the transition towards a sustainable and electrified future.
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