Bulls Take Kaixin Shares High Post New EV Business Unit Establishment Announcement

**The Shares of Kaixin Auto Holdings**

[Kaixin Auto Holdings $KXIN: $3.16(89.22%) ](https://quantale.io/dashboard/details/KXIN)ended normal trading hours with a gain of 89.22% on Friday. The shares traded higher after the company announced its decision to set up a new energy vehicle (EV) business unit.

**The social engagement amongst the users of Twitter and Reddit observed a decline of a whopping 725%, contrary to the rise of 86.57% which is observed a day before. This surge in social activity came in after the company filed its SEC filings.** 

[https://blog.quantale.io/bulls-take-kaixin-shares-high-post-new-ev-business-unit-establishment-announcement/](https://blog.quantale.io/bulls-take-kaixin-shares-high-post-new-ev-business-unit-establishment-announcement/)
https://www.reddit.com/r/StockMarket/comments/ozw1o5/bulls_take_kaixin_shares_high_post_new_ev/