Kaixin Auto Holdings Announces Development of AIGC System “Happy Buy Car”
24 April 2023 - 9:00PM
Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN)
today announces that it has formed a specialized technical team to
develop its AIGC (Artificial Intelligence Generated Content) system
“Happy Buy Car.” Kaixin has been dedicated to developing the
intelligent “Happy Buy Car” system in the past. The newly formed
technical team will conduct in-depth research on AIGC and
ChatGPT-related technological applications and expedite development
of the “Happy Buy Car” system. The system will be equipped with
such features as interactive “real person” dialogues and highly
relevant text and video content generation for automobile sales,
that will enhance the richness of marketing and sales content and
empower its dealerships to increase sales conversion rates.
AIGC is leading an unstoppable revolution in
digital content. It is becoming more and more mainstream in China's
consumer internet field. Explosive apps such as writing assistants,
AI painting, dialogue robots, and digital humans have emerged,
supporting industrial applications in media, e-commerce, and
entertainment. Its market potential is gradually emerging. As a
well-known luxury car sales platform in China, Kaixin aims to
develop the “Happy Buy Car” system through massive data
accumulation and practically tested training models to better serve
customers and improve their car purchase experience.
About Kaixin Auto Holdings
Kaixin Auto Holdings is one of the primary
dealership networks in the premium used car segment and new car
sales in China. Supported by the rapid growth of China's used car
market and leveraging its own hybrid business model that offers
both strong online and offline presence, Kaixin is in the process
of transforming from a nationwide dealerships network to one of the
important players in China’s electric vehicle market.
Safe Harbor Statement
This announcement may contain forward-looking
statements. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements.
Among other things, the business outlook for 2021 and quotations
from management in this announcement, as well as Kaixin’s strategic
and operational plans, contain forward-looking statements. Kaixin
may also make written or oral forward-looking statements in its
filings with the U.S. Securities and Exchange Commission ("SEC"),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about Kaixin’s beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: our goals and strategies; our future
business development, financial condition and results of
operations; our expectations regarding demand for and market
acceptance of our services; our expectations regarding the
retention and strengthening of our relationships with auto
dealerships; our plans to enhance user experience, infrastructure
and service offerings; competition in our industry in China; and
relevant government policies and regulations relating to our
industry. Further information regarding these and other risks is
included in our other documents filed with the SEC. All information
provided in this press release and in the attachments is as of the
date of this press release, and Kaixin does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law.
For more information, please contact:
Kaixin Auto Holdings Investor RelationsEmail:
ir@kaixin.com
SOURCE: Kaixin Auto Holdings
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