Uxin Announces Strategic Partnership with State-Owned Enterprises in Jiangyin

Rhea-AI Summary

Uxin (Nasdaq: UXIN) announced on March 3, 2026 a strategic joint venture with Jiangyin state-owned partners to form Uxin (Jiangyin) Intelligent Remanufacturing Co., Ltd.

Uxin Anhui will contribute RMB68.0 million (≈68%), while Jiangyin Huigang Qihang and Jiangyin Chan Fa Ke Chuang will each contribute RMB16.0 million (≈16%). The JV will support a new used car superstore in Jiangyin to serve the Yangtze River Delta market.

Positive

• Uxin contribution of RMB68.0 million, holding 68% ownership
• Partner contributions of RMB16.0 million each, 16% ownerships
• Jiangyin superstore planned as regional hub for the Yangtze River Delta

Negative

• None.

Argus Mar 3 session

-3.46% close to close Open Argus

Details

News Market Reaction – UXIN

In the Mar 3 session, UXIN declined 3.46%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details a new Jiangyin joint venture in which Uxin’s subsidiary contributes RMB68....

Analysis

This announcement details a new Jiangyin joint venture in which Uxin’s subsidiary contributes RMB68.0 million for a 68% stake, alongside two state-owned partners. The project supports a planned used car superstore serving a base of over 30 million residents and more than 12 million vehicles. In context with prior city partnerships, investors may watch how store openings, unit volumes, and capital needs evolve as the network expands.

Key Figures

Uxin Anhui JV contribution: RMB68.0 million Huigang Qihang contribution: RMB16.0 million Chan Fa Ke Chuang contribution: RMB16.0 million +5 more

Uxin Anhui JV contribution

RMB68.0 million

Capital contribution to Jiangyin joint venture (68% ownership)

Huigang Qihang contribution

RMB16.0 million

Capital contribution to Jiangyin joint venture (16% ownership)

Chan Fa Ke Chuang contribution

RMB16.0 million

Capital contribution to Jiangyin joint venture (16% ownership)

Uxin Anhui JV stake

68%

Ownership percentage in Jiangyin joint venture

Huigang Qihang JV stake

16%

Ownership percentage in Jiangyin joint venture

Chan Fa Ke Chuang JV stake

16%

Ownership percentage in Jiangyin joint venture

Regional population base

over 30 million residents

Within 100-km radius of Jiangyin

Vehicle base

more than 12 million vehicles

Within 100-km radius of Jiangyin

Previous Partnership Reports

5 past events · Latest: 2025-11-12

Same Type 5 events

1. 2025-11-12

   Superstore partnership

   24h Move

   +1.7%

   Tianjin authorities partnership to develop high-capacity used car superstore hub.

2. 2025-11-11

   Superstore partnership

   24h Move

   +2.0%

   Yinchuan authorities/state firm deal to build 3,000-vehicle used car superstore.

3. 2025-10-31

   Superstore partnership

   24h Move

   -1.2%

   Guangzhou superstore partnership in major auto hub with large vehicle base.

4. 2024-12-03

   Battery swap deal

   24h Move

   +21.1%

   CATL subsidiary partnership to build battery swapping ecosystem for used EVs.

5. 2024-10-16

   Superstore JV

   24h Move

   +15.1%

   Wuhan joint venture funding new used car superstore and regional expansion.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

joint venture, automotive aftermarket

2 terms

joint venture financial

"will contribute RMB68.0 million ... representing approximately 68%, 16%, and 16% of the Joint Venture's total"

A joint venture is when two or more companies team up to work on a specific project or business idea, sharing both the risks and the rewards. It’s like friends starting a lemonade stand together—each contributes resources and they split the profits, making it easier to succeed than going alone.

automotive aftermarket technical

"aimed at promoting the development of the automotive aftermarket industry in Jiangsu Province"

The automotive aftermarket is the market for replacement parts, accessories, maintenance and repair services for vehicles after they leave the factory. Like the steady business of fixing and upgrading houses after you move in, it represents recurring demand that can provide predictable revenue, profit margins and resilience for companies, making it important to investors who care about long-term cash flow and exposure to vehicle ownership trends.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

BEIJING, March 3, 2026 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company," together with its subsidiaries, the "Group") (Nasdaq: UXIN), a leading used car retailer in China, today announced a strategic partnership with Jiangyin Huigang Qihang Investment Partnership ("Huigang Qihang") and Jiangyin Chan Fa Ke Chuang Investment Partnership (Limited Partnership) ("Chan Fa Ke Chuang") to establish Uxin (Jiangyin) Intelligent Remanufacturing Co., Ltd. (the "Joint Venture"). Pursuant to the joint venture agreement, Uxin (Anhui) Industrial Investment Co., Ltd. ("Uxin Anhui"), a wholly owned subsidiary of the Company, will contribute RMB68.0 million, Huigang Qihang will contribute RMB16.0 million, and Chan Fa Ke Chuang will contribute RMB16.0 million, representing approximately 68%, 16%, and 16% of the Joint Venture's total registered capital, respectively.

The Joint Venture will be established to support Uxin's plan to establish a new used car superstore in Jiangyin. This initiative is an important collaboration between Uxin and state-owned enterprises in Jiangyin, aimed at promoting the development of the automotive aftermarket industry in Jiangsu Province and building a leading brand in China's used car industry.

Mr. Jing Wenbing, Chief Strategy Officer of Uxin Limited, stated: "Jiangyin sits at the heart of the Yangtze River Delta, one of China's most dynamic economic regions. Within a 100-kilometer radius, the area is home to over 30 million residents and more than 12 million vehicles, underscoring the substantial long-term opportunity in the automotive aftermarket. Through the deployment of our advanced reconditioning capabilities, integrated digital operating systems, and rigorous service standards, we plan to position the Jiangyin superstore as a regional hub for used vehicle distribution and services across the Yangtze River Delta. We believe this initiative will not only enhance the overall automotive consumption experience in the region, but also contribute to elevating industry standards by promoting greater transparency, brand development, and operational standardization."

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 inspection and reconditioning centers. 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 the used car industry.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements which are made pursuant to 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," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about Uxin's beliefs, plans, 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: the risk and uncertainties as to the timing of the entry into definitive agreements or consummation of the transactions; the risk that certain closing conditions of the transactions may not be satisfied on a timely basis, or at all; impact of the COVID-19 pandemic; Uxin's goal and strategies; its expansion plans and successful completion of certain financing transactions; its future business development, financial condition and results of operations; Uxin's expectations regarding demand for, and market acceptance of, its 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; 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.

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 

 

View original content:https://www.prnewswire.com/news-releases/uxin-announces-strategic-partnership-with-state-owned-enterprises-in-jiangyin-302702279.html

SOURCE Uxin Limited

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Uxin (UXIN) announce on March 3, 2026 about a Jiangyin joint venture?

Uxin announced a joint venture to form Uxin (Jiangyin) Intelligent Remanufacturing Co., Ltd. According to the company, Uxin Anhui will fund RMB68.0 million (68%), and two Jiangyin partners will each fund RMB16.0 million (16%).

How much equity will Uxin hold in the UXIN Jiangyin joint venture?

Uxin will hold approximately 68% equity in the Jiangyin joint venture. According to the company, Uxin Anhui contributes RMB68.0 million of the JV's registered capital.

What is the purpose of the UXIN joint venture with Jiangyin state-owned firms?

The JV will build and support a new used car superstore in Jiangyin as a regional distribution hub. According to the company, it aims to boost aftermarket development and elevate industry standards in the Yangtze River Delta.

Who are the partners in the UXIN Jiangyin joint venture and their contributions?

Partners are Jiangyin Huigang Qihang and Jiangyin Chan Fa Ke Chuang, each contributing RMB16.0 million. According to the company, each partner holds about a 16% share of the JV's registered capital.

What market opportunity does Uxin cite for the Jiangyin superstore (UXIN)?

Uxin highlights the Yangtze River Delta's dense population and vehicle base within 100 km as the opportunity. According to the company, the area hosts over 30 million residents and more than 12 million vehicles, supporting long-term aftermarket demand.