Kaixin Auto Holdings officially released its new energy vehicle strategic plan. The plan contains three key components. The company will quickly expand its new energy vehicle team and start with developing medium-sized commercial new energy vehicles for intra-city and inter-city logistics applications in the initial stage. The production and sales target for the three-year period in 2022-2025 is set at 50,000 new energy vehicles. Kaixin will accelerate the goal of becoming a leading new energy vehicle company through mergers and acquisitions.