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Uxin (NASDAQ: UXIN) sets up RMB40m Shijiazhuang joint venture with state-owned partner

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(Neutral)
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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Uxin Limited is forming a new joint venture with Hebei Chengying Investment Promotion Operation to support a planned used car superstore in Shijiazhuang, a major hub in the Beijing-Tianjin-Hebei region.

Uxin’s wholly owned subsidiary Uxin Anhui will contribute RMB30.0 million and Hebei Chengying will contribute RMB10.0 million, giving them 75% and 25% ownership of the joint venture’s registered capital. The partners aim to build a regional used car circulation and service hub and enhance the automotive aftermarket across North China, leveraging Uxin’s supply chain, digital operations, and standardized service capabilities.

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Insights

Uxin commits RMB40m to a North China joint venture expansion.

Uxin Limited is investing RMB30.0 million via its Uxin Anhui subsidiary into a Shijiazhuang joint venture, alongside RMB10.0 million from state-owned Hebei Chengying. Uxin will hold 75% of the registered capital, with Hebei Chengying at 25%.

The venture is tied to establishing a Shijiazhuang used car superstore and positioning it as a regional circulation and service hub for the Beijing-Tianjin-Hebei market. Partnering with a local state-owned enterprise may help with regional execution and policy alignment, especially in the automotive aftermarket sector.

Management highlights Shijiazhuang’s more than 11 million residents and over 4 million registered vehicles as demand drivers. Actual financial impact will depend on execution of the new superstore and broader market conditions, which the company notes are subject to various risks in its forward-looking statements.

Uxin Anhui capital contribution RMB30.0 million Contribution by Uxin’s wholly owned subsidiary to the joint venture
Hebei Chengying capital contribution RMB10.0 million Contribution by state-owned partner to the joint venture
Total registered capital RMB40.0 million Total registered capital of Uxin (Shijiazhuang) Automobile Maintenance Co., Ltd.
Uxin JV ownership 75% Ownership interest in the joint venture’s registered capital
Hebei Chengying JV ownership 25% Ownership interest in the joint venture’s registered capital
Shijiazhuang population over 11 million Population of Shijiazhuang cited as a growth opportunity
Registered vehicles in Shijiazhuang more than 4 million Registered vehicles in Shijiazhuang supporting used car demand
Joint Venture Agreement financial
"Pursuant to the Joint Venture Agreement, Uxin (Anhui) Industrial Investment Group Co., Ltd."
A joint venture agreement is a legally binding contract where two or more parties combine resources to run a specific business project or entity, spelling out who contributes what, how decisions are made, how profits and losses are shared, and how the venture can end. Investors care because the agreement determines control, financial exposure, potential returns, and exit options—much like a clear housemate contract that prevents disputes over money, chores, and belongings.
registered capital financial
"representing approximately 75% and 25% of the Joint Venture’s total registered capital, respectively."
Registered capital is the amount of money a company lists with regulators as the owners’ committed contribution when the business is formed or restructured. It functions like the company’s declared funding pledge and sets the legal baseline for owners’ financial responsibility; investors use it as a quick signal of how much capital the owners have promised, the company’s formal size, and potential limits on issuing more shares or taking on obligations.
automotive aftermarket financial
"aimed at promoting the development of the automotive aftermarket industry across North China"
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.
forward-looking statements regulatory
"This press release contains statements that may constitute “forward-looking” statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
safe harbor regulatory
"which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995."
Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.
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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 June 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 Release

 

 

 

 

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: June 2, 2026

 

 

 

 

Exhibit 99.1

 

Uxin Enters into Joint Venture Agreement with Shijiazhuang State-Owned Enterprise

 

BEIJING, June 2, 2026 — Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), a leading used car retailer in China, today announced a strategic partnership with Hebei Chengying Investment Promotion Operation Co., Ltd. (“Hebei Chengying”) to establish Uxin (Shijiazhuang) Automobile Maintenance Co., Ltd. (the “Joint Venture”), aiming to support the Company’s plan to establish a new used car superstore in Shijiazhuang. Pursuant to the Joint Venture Agreement, Uxin (Anhui) Industrial Investment Group Co., Ltd. (“Uxin Anhui”), a wholly-owned subsidiary of the Company, will contribute RMB30.0 million, and Hebei Chengying will contribute RMB10.0 million to the Joint Venture, respectively, representing approximately 75% and 25% of the Joint Venture’s total registered capital, respectively.

 

The establishment of the Joint Venture reflects an important collaboration between Uxin and state-owned enterprises in Shijiazhuang, aimed at promoting the development of the automotive aftermarket industry across North China and building a leading brand in China’s used car industry.

 

Mr. Wenbing Jing, President of Uxin, stated: “As the capital of Hebei Province, Shijiazhuang is a major hub in the coordinated development of the Beijing-Tianjin-Hebei region. With a population exceeding 11 million and more than 4 million registered vehicles, the city presents substantial opportunities for growth in the used car and automotive aftermarket sectors. By leveraging Uxin’s capabilities in supply chain management, digital operations, and standardized services, we plan to establish the Shijiazhuang Superstore as a regional used car circulation and service hub serving Hebei, Tianjin, and the broader Beijing-Tianjin-Hebei market. We believe this initiative will further improve the used car purchasing experience for consumers throughout North China.”

 

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

 

1

 

FAQ

What joint venture did Uxin Limited (UXIN) announce in June 2026?

Uxin Limited announced a joint venture with Hebei Chengying Investment Promotion Operation to form Uxin (Shijiazhuang) Automobile Maintenance Co., Ltd. The venture is intended to support a new used car superstore in Shijiazhuang and develop a regional used car circulation and service hub.

How much capital will Uxin and its partner contribute to the new joint venture?

Uxin’s subsidiary will contribute RMB30.0 million and Hebei Chengying will contribute RMB10.0 million. Together, these contributions form the joint venture’s total registered capital of RMB40.0 million, funding the establishment and operations supporting Uxin’s Shijiazhuang used car superstore initiative.

What ownership stakes will Uxin and Hebei Chengying hold in the joint venture?

Uxin Anhui will hold a 75% stake in the joint venture’s registered capital, while Hebei Chengying will hold 25%. This structure gives Uxin effective control of the new entity while maintaining a significant minority interest for the local state-owned partner.

Why is Shijiazhuang important to Uxin Limited’s growth strategy?

Shijiazhuang is described as a major regional hub with a population exceeding 11 million and more than 4 million registered vehicles. Uxin sees substantial opportunity there for used car retail and automotive aftermarket services, targeting a broader Beijing-Tianjin-Hebei customer base.

What is the strategic goal of Uxin’s Shijiazhuang Superstore and joint venture?

The strategic goal is to build a regional used car hub that serves Hebei, Tianjin, and the wider Beijing-Tianjin-Hebei market. Uxin plans to leverage its supply chain management, digital operations, and standardized services to improve the used car purchasing experience across North China.

What risks does Uxin highlight in connection with its forward-looking statements?

Uxin notes that forward-looking statements involve risks, including timing and completion of transactions, satisfaction of closing conditions, COVID-19 impacts, expansion plans, financing completion, demand for its services, competition, regulatory factors, and general economic and business conditions in its markets.

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