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Uxin (NASDAQ: UXIN) sets up Jiangyin joint venture with SOEs for used car superstore

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6-K

Rhea-AI Filing Summary

Uxin Limited announced a strategic partnership with two state-owned enterprises in Jiangyin to form Uxin (Jiangyin) Intelligent Remanufacturing Co., Ltd. Uxin Anhui, a wholly owned subsidiary, will contribute RMB68.0 million, while Huigang Qihang and Chan Fa Ke Chuang will each contribute RMB16.0 million, giving Uxin a 68% stake.

The joint venture will support Uxin’s plan to build a new used car superstore in Jiangyin, targeting the densely populated and vehicle-rich Yangtze River Delta region. Uxin aims to use its reconditioning capabilities and digital systems to make the Jiangyin superstore a regional hub for used vehicle distribution and services.

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Insights

Uxin commits capital to a majority-owned Jiangyin JV to back a new used car superstore.

Uxin is forming a joint venture with Jiangyin state-owned investment partners to expand its physical footprint. Uxin Anhui will invest RMB68.0 million for a 68% interest, with two partners each contributing RMB16.0 million, aligning local government-backed capital with Uxin’s operating model.

The venture is intended to underwrite a new Jiangyin used car superstore serving the broader Yangtze River Delta, described as a large, vehicle-dense market. The company highlights advanced reconditioning and digital systems as core to the site’s role as a regional distribution and service hub, though financial returns and timelines are not detailed in the excerpt.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month March 2026

 

Commission File Number: 001-38527

 

 

 

Uxin Limited

(Registrant’s Name)

 

 

 

21/F, Donghuang Building,

No. 16 Guangshun South Avenue

Chaoyang District,

Beijing 100102

People’s Republic of China

(Address of Principal Executive Offices)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Releases

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  UXIN LIMITED
       
  By : /s/ Feng Lin
  Name : Feng Lin
  Title : Chief Financial Officer

 

Date: March 3, 2026

 

 

 

Exhibit 99.1

 

Uxin Announces Strategic Partnership with State-Owned Enterprises in Jiangyin

 

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.

 

1

FAQ

What strategic partnership did Uxin (UXIN) announce in Jiangyin?

Uxin announced a strategic partnership with Huigang Qihang and Chan Fa Ke Chuang to form Uxin (Jiangyin) Intelligent Remanufacturing Co., Ltd. The joint venture supports a new used car superstore in Jiangyin, focused on the Yangtze River Delta automotive aftermarket.

How much capital will Uxin contribute to the new Jiangyin joint venture?

Uxin’s wholly owned subsidiary, Uxin Anhui, will contribute RMB68.0 million to the Jiangyin joint venture. The two state-owned partners, Huigang Qihang and Chan Fa Ke Chuang, will each invest RMB16.0 million, giving Uxin a 68% ownership stake in the new entity.

What ownership stake will Uxin hold in the Jiangyin joint venture?

Uxin, through Uxin Anhui, will hold approximately 68% of the joint venture’s registered capital. The remaining capital will be split equally, with Huigang Qihang and Chan Fa Ke Chuang each holding about 16%, reflecting their RMB16.0 million contributions.

What is the purpose of Uxin’s new used car superstore in Jiangyin?

The Jiangyin superstore is intended to become a regional hub for used vehicle distribution and services across the Yangtze River Delta. Uxin plans to deploy advanced reconditioning capabilities, integrated digital operating systems, and strict service standards to improve customer experience and industry transparency.

Why does Uxin see long-term opportunity in the Jiangyin and Yangtze River Delta region?

Uxin notes that within 100 kilometers of Jiangyin there are over 30 million residents and more than 12 million vehicles. This dense population and vehicle base underpin what Uxin describes as substantial long-term opportunity in the automotive aftermarket across the Yangtze River Delta.

How does Uxin describe its broader business model and strategy?

Uxin describes itself as a leading used car retailer in China, combining advanced production, new retail experiences, and digital tools. It uses an omni-channel strategy, nationwide online platform, and offline inspection and reconditioning centers to offer high-quality vehicles and after-sales services.

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