Uxin Announces Strategic Partnership with Tianjin Authorities to Develop Tianjin Used Car Superstore
Rhea-AI Summary
Uxin (Nasdaq: UXIN) announced a strategic partnership with Tianjin local authorities to jointly develop the Uxin Tianjin Used Car Superstore, integrating a large reconditioning facility and one-stop retail experience.
The project is planned to offer capacity for more than 3,000 vehicles for display and sale, with the first phase expected to begin operations in H1 2026. The superstore is positioned as a regional hub for the Beijing–Tianjin–Hebei area and builds on Uxin's prior large superstores in Xi'an, Hefei, Wuhan, and Zhengzhou.
Positive
- Capacity: facility for more than 3,000 vehicles
- Timeline: first phase expected H1 2026
- Regional hub: serves Beijing–Tianjin–Hebei logistics region
- Replicable model: follows prior superstores in four cities
- Supply chain: strengthens northern China distribution network
Negative
- None.
News Market Reaction
On the day this news was published, UXIN gained 1.68%, reflecting a mild positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $11M to the company's valuation, bringing the market cap to $649M at that time.
Data tracked by StockTitan Argus on the day of publication.
Having successfully launched large-scale used car superstores in
Mr. Wenbing Jing, Chief Strategy Officer of Uxin, commented: "
About Uxin
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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," "aims," "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
For investor and media enquiries, please contact:
Uxin Limited Investor Relations
Uxin Limited
Email: ir@xin.com
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Mr. Jack Wang
Phone: +86 166-0115-0429
Email: Jack@blueshirtgroup.co
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SOURCE Uxin Limited