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ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2022

ORGANIZATION AND PRINCIPAL ACTIVITIES

Summary of major subsidiaries

The major subsidiaries of the Company as of December 31, 2022 are summarized as below:

​	​	​	​	​	​	​	​	​
​		Later of date of		​		​		​
​	​	incorporation or	​	Place of	​	% of	​	​
Name of Subsidiaries	​	acquisition	​	Incorporation	​	Ownership	​	Principal activities
Major subsidiaries:
Kaixin Auto Group (“KAG”)	​	January 25, 2018		Cayman Islands		100	%	Investment holding
Jet Sound Hong Kong Company Limited	​	May 7, 2011		Hong Kong		100	%	Investment holding
Zhejiang Taohaoche Technology Co., Ltd.	​	July 11, 2019		PRC		100	%	New car trading business
Zhejiang Kaixin Auto Co., Ltd	​	April 4, 2021		PRC		100	%	Used car trading business
Chongqing Jieying Shangyue Automobile Sales Co., Ltd.	​	July 3, 2017		PRC		100	%	Used car trading business
Wuhan Jieying Chimei Automobile Sales Co., Ltd.	​	November 20, 2017		PRC		100	%	Used car trading business
Anhui Kaixin New Energy Vehicle Co., Ltd.	​	January 25, 2022		PRC		100	%	New energy vehicle trading business

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- Definition

Tabular disclosure of the key aspects of a subsidiary (partnership, corporation, or other entity) of the limited liability company or limited partnership.

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