Kaixin Holdings
ir.kaixin.comWhat Do They Do?
Sells domestic and imported cars, including premium used vehicles, to car buyers in China.
20-F for FY2025, filed Apr 7, 2026
How Do They Make Money?
Kaixin earns fees for consulting services related to automobile manufacturing when the work is completed.
20-F for FY2025, filed Apr 7, 2026For the year ended December 31, 2025, the Group generated revenue from provision of consulting services relating to manufacture of…View ↗
$129K
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20-F for FY2025, filed Apr 7, 2026
$129K ↗
Who Are Their Customers?
Car buyers in China, particularly buyers of premium vehicles, shop through its dealerships and online channels; sales are primarily made in-store.
20-F for FY2025, filed Apr 7, 2026
Do Revenues Turn Into Profits?
No. It lost $53.9M in FY2025.
20-F for FY2025, filed Apr 7, 2026
How Are They Changing?
Shrinking. Revenue fell 100% in 4 years, from $253.8M in FY2021 to $129K in FY2025, about 85% a year.
Revenue sources
The older report described revenue from car sales and channel-partner fees for financing and other services; the latest report describes consulting services related to automobile manufacturing.
20-F for FY2022, filed May 16, 2023 20-F for FY2025, filed Apr 7, 2026Kaixin have pioneered an innovative business model, under which it had obtained control of Dealerships across China, providing them with an…View ↗
For the year ended December 31, 2025, the Group generated revenue from provision of consulting services relating to manufacture of…View ↗
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