Uxin forms RMB40m Shijiazhuang auto JV
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.
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.
Key Figures
Key Terms
Joint Venture Agreement financial
registered capital financial
automotive aftermarket financial
forward-looking statements regulatory
safe harbor regulatory
FAQ
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What joint venture did Uxin Limited (UXIN) announce in June 2026?
How much capital will Uxin and its partner contribute to the new joint venture?
What ownership stakes will Uxin and Hebei Chengying hold in the joint venture?
Why is Shijiazhuang important to Uxin Limited’s growth strategy?
What is the strategic goal of Uxin’s Shijiazhuang Superstore and joint venture?
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AI-generated analysis. How Rhea-AI works. Not financial advice.