Uxin Announces Launch of New Used Car Superstore Project in Chongqing
Uxin (Nasdaq: UXIN) announced a new used car superstore project in Chongqing, integrating a large-scale reconditioning facility with a one-stop retail center.
Rhea-AI Summary
Uxin (Nasdaq: UXIN) announced a new used car superstore project in Chongqing, integrating a large-scale reconditioning facility with a one-stop retail center. The site will have capacity for over 5,000 vehicles for display and sale and is expected to begin operations in 2026.
The project targets Chongqing’s population of over 30 million and more than 6 million registered vehicles, aiming to deepen Uxin’s nationwide superstore network and strengthen its strategic presence in southwestern and western China.
Positive
- Launch of Chongqing superstore with capacity for over 5,000 vehicles
- Expansion strengthens Uxin’s southwestern and western China coverage
- Project integrates reconditioning facility and one-stop used car retail experience
- Builds on large-scale superstores in six major regional cities across China
Negative
- None.
Details
News Market Reaction – UXIN
On May 21, the day this news came out, UXIN closed 7.56% below the previous close.
Data tracked by StockTitan Argus for the May 21 session.
Key Figures
- Superstore capacity
- more than 5,000 vehicles
- Chongqing used car superstore project
- Chongqing population
- more than 30 million
- Local market size for used cars
- Registered vehicles
- over 6 million
- Vehicle base in Chongqing
- Existing superstores
- six major regional cities
- Company’s current large-scale superstore footprint
Historical Context
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Reported strong 2025 revenue and volume growth with improved but negative EBITDA.
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Announced timing and access details for Q4 and full-year 2025 results.
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Opened Tianjin superstore with >3,000-vehicle capacity to scale in Northern China.
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Formed Jiangyin JV with state-owned partners to back a new superstore.
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US$50M share subscription to fund 2026 superstore rollout and expansion.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Having successfully expanded its large-scale used car superstores to six major regional cities across
Mr. Wenbing Jing, President of Uxin, commented: "
About Uxin
Uxin is China's leading used car retailer, pioneering industry transformation with advanced production, new retail experiences, and digital empowerment. We offer high-quality and value-for-money vehicles as well as superior after-sales services through a reliable, one-stop, and hassle-free transaction experience. Under our omni-channel strategy, we are able to leverage our pioneering online platform to serve customers nationwide and establish market leadership in selected regions through offline superstores with inventory capacities ranging from 2,000 to 8,000 vehicles. Leveraging our extensive industry data and continuous technology innovation throughout more than ten years of operation, we have established strong used car management and operation capabilities. We are committed to upholding our customer-centric approach and driving the healthy development of China's used car industry.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States 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 and quotations from management in this announcement, as well as Uxin's strategic and operational plans, contain forward-looking statements. Uxin may also make written or oral forward-looking statements in its periodic reports to the 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 Uxin'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: Uxin's goal and strategies; its expansion plans; its future business development, financial condition and results of operations; Uxin's expectations regarding demand for, and market acceptance of, its products and services; its ability to provide differentiated and superior customer experience, maintain and enhance customer trust in its platform, and assess and mitigate various risks, including credit; its expectations regarding maintaining and expanding its relationships with business partners, including financing partners; trends and competition in China's used car e-commerce industry and other related industries; the laws and regulations relating to Uxin's industry; the general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Uxin's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Uxin does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media enquiries, please contact:
Uxin Limited Investor Relations
Uxin Limited
Email: ir@xin.com
The Blueshirt Group
Mr. Jack Wang
Phone: +86 166-0115-0429
Email: Jack@blueshirtgroup.co
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SOURCE Uxin Limited
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