M&A Deal Summary

Kaixin Auto Acquires Yujie

On August 26, 2021, Kaixin Auto acquired automotive company Yujie

Acquisition Highlights
  • This is Kaixin Auto’s 2nd transaction in the Automotive sector.
  • This is Kaixin Auto’s 2nd transaction in China.

M&A Deal Summary

Date 2021-08-26
Target Yujie
Sector Automotive
Buyer(s) Kaixin Auto
Deal Type Add-on Acquisition

Target

Yujie

China
Yujie is an electronic vehicles (EV) manufacturer specialized in small size multi-function EVs.

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Buyer(S) 1

Buyer

Kaixin Auto

Beijing, China

website


Category Company
Founded 2015
Sector Automotive
Employees35
Revenue 254M USD (2021)
DESCRIPTION

Kaixin Auto is a primary dealership network in the premium used car segment in China. Supported by the rapid growth of China's used car market and leveraging its own hybrid business model that offers both a strong online and offline presence, Kaixin has transformed from a tech-enabled financing platform into a nationwide dealer network that combines its own and affiliated dealers as well as value-added services. Kaixin Auto was founded in 2015 and is based in Beijing, China.


DEAL STATS #
Overall 2 of 4
Sector (Automotive) 2 of 4
Type (Add-on Acquisition) 2 of 4
Country (China) 2 of 4
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-15 Haitaoche

Beijing, China

Haitaoche is a China-based online retail platform for imported automobiles. Haitaoche is committed to developing into China's leading innovative automotive retail trading platform. With a track record of good performance and reputation in the field of import car sales, Haitaoche is expanding its sales system into the field of electric vehicles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-04 Morning Star Auto

China

Morning Star owns Wuxi Morning Star Technology Co., Ltd. and Henan Yujie Times Automobile Co., Ltd.

Buy -