Company Description
Uxin Limited (Nasdaq: UXIN) is described by the company as China’s leading used car retailer. It focuses on the country’s used vehicle market and aims to transform how consumers buy pre-owned cars through what it calls advanced production, new retail experiences, and digital empowerment. The company highlights a customer-centric approach, emphasizing high-quality, value-for-money vehicles and a reliable, one-stop, hassle-free transaction experience for used car buyers in China.
Business model and operations
According to Uxin, its retail model combines an online platform with offline used car superstores under an omni-channel strategy. The company states that it leverages a pioneering online platform to serve customers nationwide in China, while establishing market leadership in selected regions through large-scale offline superstores. These superstores are designed with inventory capacities that the company indicates can range from 2,000 to 8,000 vehicles for display and sale.
Uxin explains that it has developed extensive used car management and operation capabilities over more than ten years of operation. It attributes these capabilities to the use of extensive industry data and continuous technology innovation. The company describes its offering as including high-quality and value-for-money vehicles together with superior after-sales services, all delivered through a one-stop retail experience.
Used car superstore network
Uxin reports that it has launched large-scale used car superstores in several major Chinese cities. Press releases describe superstores in Xi'an, Hefei, Wuhan, Zhengzhou, and Jinan, with Zhengzhou and Jinan highlighted as newer openings. The Zhengzhou superstore is described as integrating a large used-car showroom with an in-house reconditioning facility and being designed to accommodate up to 5,000 vehicles for display and sale. The Jinan superstore is described as having a first phase that can accommodate more than 1,000 vehicles for display and sale.
The company also reports strategic partnerships with local government authorities in Guangzhou, Tianjin, and Yinchuan to develop additional used car superstores. In these locations, Uxin describes plans for large-scale facilities designed to display around or more than 3,000 vehicles for sale. The company presents these projects as part of a nationwide expansion of its used car superstore network and as steps toward scaled, branded, and standardized used car retailing in different regions of China.
Omni-channel and digital focus
In its public statements, Uxin emphasizes an omni-channel approach that combines online and offline channels. The company states that it leverages its online platform to reach customers across China and uses offline superstores to establish regional market positions. It describes its operations as supported by extensive industry data and technology innovation, which it says underpin its used car management and operational capabilities.
Uxin characterizes its retail experience as one-stop and hassle-free, with a focus on customer satisfaction. It highlights after-sales services as part of its value proposition and notes that it aims to provide a reliable transaction process for used car buyers. The company also refers to advanced production and reconditioning capabilities at its superstores, particularly where reconditioning facilities are integrated with large showrooms.
Geographic focus
Based on company disclosures, Uxin’s operations and revenue are concentrated in China. The firm describes itself as serving customers nationwide through its online platform and regional superstores. Press releases reference locations such as Xi'an, Hefei, Wuhan, Zhengzhou, Jinan, Guangzhou, Tianjin, and Yinchuan as important markets or development sites for its used car superstore network.
Financial reporting and regulatory status
Uxin is a foreign private issuer listed on Nasdaq under the symbol UXIN and files reports with the U.S. Securities and Exchange Commission, including Form 20-F and Form 6-K current reports. The company has reported unaudited financial results for quarters ended June 30, 2025 and September 30, 2025 through press releases furnished on Form 6-K. These filings and releases discuss transaction volumes, revenues, gross margin, operating expenses, and non-GAAP measures such as adjusted EBITDA, as well as liquidity considerations and management’s plans related to financing and operations.
In its liquidity discussions, Uxin notes that it has incurred net losses since inception and describes management plans that include growing vehicle sales revenue, improving gross profit margin by increasing value-added services, maintaining vehicle turnover rate through pricing, raising funds from financings, and adjusting operation scale if necessary. The company states that, based on these plans and its assessment, it believes its cash, cash equivalents, and cash flows from operating and financing activities are sufficient to meet anticipated working capital requirements and capital commitments within a defined assessment period.
Strategic partnerships and capital raising
Uxin has announced strategic partnerships with local government authorities and local enterprises in several Chinese cities to jointly invest in used car superstores. Examples include partnerships in Tianjin, Yinchuan, and Guangzhou, where the company describes plans for large-scale facilities that combine reconditioning capabilities with one-stop retail experiences. These partnerships are presented as supporting the expansion of Uxin’s superstore network and strengthening its supply chain and service coverage in northern, northwestern, and southern China.
The company has also disclosed financing arrangements through share subscription agreements. For example, Uxin announced definitive share subscription agreements with affiliates of NIO Capital and Prestige Shine Group Limited for an aggregate investment amount, and a separate definitive agreement with Abundant Grace Investment Limited, an entity affiliated with a director of Uxin, for the purchase of Class A ordinary shares. Uxin states that proceeds from such financings are expected to support the launch of additional superstores and to strengthen its balance sheet.
Stated mission and industry role
In its public descriptions, Uxin states that it is committed to a customer-centric approach and to driving what it calls the healthy development of China’s used car industry. The company positions its superstore model, digital tools, and operational practices as contributing to a shift toward scaled, branded, and standardized used car retailing in multiple regions of China. It highlights more than ten years of operation as the period over which it has accumulated industry data and experience.
Overall, Uxin Limited presents itself as a China-focused used car retailer listed on Nasdaq, combining an online platform with large-scale offline superstores, and pursuing expansion through new store openings, strategic partnerships with local authorities and enterprises, and equity financings.