M&A Deal Summary

Kaixin Auto Acquires Morning Star Auto

On November 4, 2022, Kaixin Auto acquired automotive company Morning Star Auto

Acquisition Highlights
  • This is Kaixin Auto’s 3rd transaction in the Automotive sector.
  • This is Kaixin Auto’s 3rd transaction in China.

M&A Deal Summary

Date 2022-11-04
Target Morning Star Auto
Sector Automotive
Buyer(s) Kaixin Auto
Deal Type Add-on Acquisition

Target

Morning Star Auto

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

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Buyer(S) 1

Buyer

Kaixin Auto

Beijing, China

Category Company
Sector Automotive
Employees19
Revenue 32M USD (2023)
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 is based in Hangzhou, China.


DEAL STATS #
Overall 3 of 5
Sector: Automotive M&A 3 of 4
Type: Add-on Acquisition M&A Deals 3 of 5
Country: China M&A 3 of 5
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-26 Yujie

China

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

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-11 WM Motor

Shanghai, China

WM Motor is a smart energy vehicle company in China with full capabilities in product design, R&D, supply chain management, vehicle and battery pack manufacturing, online digital marketing, sales and services channels (online and offline), and auto financing. It possesses its own core technologies in the fields of vehicle integration, battery, motor and electric control systems, smart cockpit, and autonomous driving. WM Motor is based in Shanghai, China.

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