Kaixin Auto Holdings (NasdaqCM : KXIN) signed a share purchase agreement to acquire Morning Star Auto Inc for $54.1 million on November 2, 2022. As a consideration Kaixin Auto Holdings will issue 100 million shares of Kaixin ordinary shares. The deal is expected to close in August 2023.

Kaixin Auto Holdings (NasdaqCM : KXIN) completed the acquisition of Morning Star Auto Inc on August 22, 2023. Following the closing, Morning Star has become a wholly-owned subsidiary of Kaixin.