Welcome to our dedicated page for Uxin Ltd. news (Ticker: UXIN), a resource for investors and traders seeking the latest updates and insights on Uxin Ltd. stock.
Uxin Limited (Nasdaq: UXIN) is described by the company as China’s leading used car retailer, and its news flow reflects this focus on large-scale used car retailing and omni-channel operations. Company announcements highlight the opening and ramp-up of used car superstores in cities such as Xi'an, Hefei, Wuhan, Zhengzhou, and Jinan, as well as strategic partnerships with local authorities in Guangzhou, Tianjin, and Yinchuan to develop additional large-capacity superstores.
On this page, readers can follow Uxin’s press releases on topics such as unaudited quarterly financial results, used car transaction volumes, revenue trends, and gross margin developments. The company’s news also covers liquidity discussions, management’s plans for sales growth and operational efficiency, and updates on the rollout of new superstores that integrate showrooms with reconditioning facilities.
Uxin’s disclosures frequently describe how its omni-channel strategy, extensive industry data, and technology innovation support its used car management and operations. News items provide details on the scale and design of new projects, including planned vehicle display capacities and collaborations with local government authorities and enterprises. Financing-related announcements, such as share subscription agreements with investors including affiliates of NIO Capital, Prestige Shine Group Limited, and Abundant Grace Investment Limited, are also part of the company’s regular updates.
Investors and followers of UXIN stock can use this news feed to monitor Uxin’s expansion of its used car superstore network across China, its reported operating metrics, and its capital-raising activities, all based on official company communications and SEC-furnished press releases.
Uxin, China's leading used car retailer, reported strong growth in Q4 and full year 2024. The company achieved retail transaction volume of 8,554 units in Q4 2024, up 177.6% year-over-year, while full-year retail volume reached 21,773 units, a 133.8% increase from 2023.
Key financial highlights include Q4 2024 total revenues of RMB596.8 million ($81.8 million), up 45.4% year-over-year. The company achieved positive adjusted EBITDA for the first time in Q4 2024, reaching RMB2.0 million. Gross margin improved to 7.0% in Q4 2024 from 4.8% in the same period last year.
Looking ahead to 2025, Uxin plans to:
- Increase capacity at existing Xi'an and Hefei superstores
- Open 2-4 new superstores in key markets
- Target over 100% growth in retail transaction volume
- Achieve first full-year positive adjusted EBITDA
Uxin (Nasdaq: UXIN), China's leading used car retailer, has scheduled to announce its fourth quarter and full year 2024 financial results on April 30, 2025, before the U.S. market opens.
The company will host a conference call on Wednesday, April 30, 2025, at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Beijing/Hong Kong time) to discuss the results. A telephone replay will be available until May 7, 2025, and a live webcast can be accessed through the company's Investor Relations website.
Uxin (NASDAQ: UXIN), China's leading used car retailer, has announced signing definitive agreements with Fame Dragon Global , an investment vehicle of NIO Capital. The agreement involves the purchase of 5,738,268,233 Class A Ordinary Shares for a total consideration of US$27.88 million.
The transaction follows Fame Dragon Global 's acquisition and assumption of NC Fund's rights and obligations under a previously announced binding term sheet dated March 18, 2024, which involved NC Fund, Xin Gao Group , and Uxin. The deal completion remains subject to customary closing conditions.
Uxin (Nasdaq: UXIN) has announced a strategic partnership with Times Electric Service, a CATL subsidiary, to develop battery swapping solutions for used cars in China. The collaboration focuses on creating a trading system based on the 'vehicle-battery separation' model, including an online trading platform and battery marketplace. The partnership will establish inspection, certification, and rating services for battery swapping used cars, while advancing the construction of a battery swapping network. The initiative aims to diversify the new energy used car market and enhance consumer transaction experience.
Uxin (Nasdaq: UXIN) reported strong financial results for Q3 2024. Total revenues reached RMB497.2 million (US$70.9 million), up 23.9% QoQ and 39.6% YoY. Retail transaction volume increased to 6,005 units, showing 46.8% QoQ and 162.6% YoY growth. Gross margin improved to 7.0%, while operating loss narrowed to RMB38.6 million. The company expects retail transaction volume of 7,800-8,100 units and revenue of RMB560-580 million for Q4 2024, with positive Non-GAAP adjusted EBITDA. Uxin also announced new partnerships with Zhengzhou and Wuhan governments for superstore expansion.
Uxin (Nasdaq: UXIN), China's leading used car retailer, announced a change in its fiscal year end from March 31 to December 31. The change, effective immediately, aims to align financial reporting with global standards and industry practices, improving peer comparability. This modification will help the company better synchronize operational planning and reporting cycles with market trends and customer demands, facilitating more effective stakeholder communication.
Uxin (Nasdaq: UXIN), China's leading used car retailer, announced it will release its unaudited financial results for the second quarter of fiscal year 2025 ended September 30, 2024, before U.S. market opens on November 25, 2024. The company will host a conference call on the same day at 8:00 A.M. U.S. Eastern Time to discuss the results. A telephone replay will be available until December 2, 2024, and a live webcast can be accessed through Uxin's investor relations website.
Uxin (Nasdaq: UXIN), China's leading used car retailer, has announced a strategic partnership with Wuhan City Economic & Technological Development Zone. The company will establish a joint venture with Wuhan Junshan Urban Asset Operation Co., , a company indirectly controlled by the development zone.
Uxin's subsidiary, Uxin (Anhui) Industrial Investment Co., , will contribute RMB66.7 million (66.7% ownership), while Wuhan Junshan will contribute RMB33.3 million (33.3% ownership) to the joint venture. The partnership aims to support Uxin's plan to establish a new used car super store in Wuhan City, Hubei Province.
Wuhan, one of China's top ten cities, has a population of about 12 million, a GDP of approximately RMB2.0 trillion, and a car volume exceeding 4 million. This collaboration is important for Uxin to promote the development of the automotive aftermarket industry in Hubei Province and build a leading brand in China's used car industry.
Uxin (Nasdaq: UXIN), China's leading used car retailer, reported strong financial results for Q1 FY2025. Highlights include:
- Transaction volume increased 72.2% YoY to 5,605 units
- Retail transaction volume grew 142.4% YoY to 4,090 units
- Total revenues rose 38.8% YoY to RMB401.2 million (US$55.2 million)
- Gross margin improved to 6.4% from 6.1% in the same period last year
- Non-GAAP adjusted EBITDA loss narrowed to RMB33.9 million (US$4.7 million)
The company expects continued growth, forecasting retail transaction volume of 5,800-6,000 units and total revenues of RMB480-500 million for Q2 FY2025. Uxin also announced a strategic investment of US$7.5 million from Dida Inc., strengthening its financial position.
Uxin (Nasdaq: UXIN), China's leading used car retailer, has announced it will release its unaudited financial results for the first quarter of fiscal year 2025 ended June 30, 2024, on September 23, 2024, before the U.S. market opens. The company's management team will host a conference call on the same day at 8:00 A.M. U.S. Eastern Time to discuss the financial results. Participants must pre-register for the call using the provided link. A telephone replay will be available until September 30, 2024, and a live webcast and archive of the conference call will be accessible on Uxin's Investor Relations website.