Uxin Forms Strategic Partnership with Huigang Qihang and Jiangyin Chan Fa Ke Chuang
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2026
0mins
Uxin announced a strategic partnership with Huigang Qihang and Jiangyin Chan Fa Ke Chuang to establish Uxin Intelligent Remanufacturing. Pursuant to the joint venture agreement, Uxin Anhui, a wholly owned subsidiary of the company, will contribute RMB 68M, Huigang Qihang will contribute RMB 16M, and Chan Fa Ke Chuang will contribute RMB 16M, 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, is aimed at promoting the development of the automotive aftermarket industry in Jiangsu Province and building a brand in China's used car industry.
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Analyst Views on UXIN
About UXIN
Uxin Ltd is a company mainly engaged in operating used car e-commerce platform in China. The Company is engaged in the provision of a comprehensive transaction solution that encompasses the entire value chain, ranging from used-car acquisition, inspection and reconditioning, warehousing, as well as pre-sales and after-sales services. The vehicle sales business consists of retail vehicle sales business and wholesale vehicle sales business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Future Growth Targets: Uxin aims to operate 50 superstores and achieve an annual transaction volume exceeding one million units by 2030, indicating the company's recognition of substantial long-term growth potential in China's trillion-RMB used car market.
- Commitment to Long-Term Value: Dai emphasized that Uxin's principal shareholders, as committed long-term value investors, share his strong conviction in the prospects of China's used car industry, with the share purchase plan reflecting confidence in Uxin's future growth trajectory.
See More
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- Stable Gross Margin: Gross margin remained stable at 7%, a slight increase of 0.2 percentage points from the previous quarter, demonstrating ongoing efforts in cost control and operational efficiency, although new superstores operate at lower margins.
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See More
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See More
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See More
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- Future Outlook: The company anticipates retail transaction volumes to range between 18,000 and 19,000 units for Q2 2026, with total revenue expected to be between RMB 1.05 billion and RMB 1.1 billion, reflecting management's confidence in future growth.
See More
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- Market Challenges: Despite the slowdown in China's new vehicle market creating headwinds for the used car industry, Dai highlighted Uxin's data-driven operating model, which enables industry-leading inventory turnover, positioning the company favorably amid industry consolidation.
- Future Growth Targets: Uxin aims to operate 50 superstores and achieve an annual transaction volume exceeding one million units by 2030, indicating the company's recognition of substantial long-term growth potential in China's trillion-RMB used car market.
- Commitment to Long-Term Value: Dai emphasized that Uxin's principal shareholders, as committed long-term value investors, share his strong conviction in the prospects of China's used car industry, with the share purchase plan reflecting confidence in Uxin's future growth trajectory.
See More
UXIN Reports Significant Growth in Retail Transactions
- Retail Transaction Surge: UXIN's retail transaction volume reached 16,530 units, marking a 119% year-over-year increase, indicating the company's growing competitiveness in the market despite overall automotive market slowdowns.
- Significant Revenue Growth: The company's total revenue hit RMB 1.074 billion, up 113% year-over-year, reflecting strong performance in retail operations, even amid challenges from declining new vehicle sales.
- Stable Gross Margin: Gross margin remained stable at 7%, a slight increase of 0.2 percentage points from the previous quarter, demonstrating ongoing efforts in cost control and operational efficiency, although new superstores operate at lower margins.
- Continued Expansion Plans: Despite market volatility, UXIN plans to open four to six new superstores in 2026, showcasing its commitment to a long-term expansion strategy aimed at increasing market share and customer reach.
See More
Uxin Ltd. Reports Wider Net Loss in Q1 Despite Revenue Surge
- Wider Net Loss: Uxin Ltd. reported a net loss of 98.03 million yuan ($14.21 million) for Q1 2026, up from 53.07 million yuan a year earlier, indicating persistent pressure from high operating costs on profitability.
- Significant Revenue Growth: Despite the increased net loss, Uxin's quarterly revenue more than doubled to 1.07 billion yuan ($155.65 million), highlighting the company's strong growth potential in used car sales.
- Transaction Volume Surge: Retail transaction volume jumped 119.1% year-over-year to 16,530 units, although it fell 13.7% from the previous quarter, still reflecting robust market demand recovery.
- Optimistic Future Outlook: Uxin expects retail transaction volumes of 18,000 to 19,000 units and revenue between 1.05 billion and 1.10 billion yuan in Q2, indicating a positive outlook based on current market and operational conditions.
See More
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- Transaction Volume Surge: Despite seasonal impacts from the Chinese New Year, Uxin achieved a retail transaction volume of 16,530 units in Q1 2026, representing a remarkable 119% year-over-year growth, marking the eighth consecutive quarter of over 110% growth, indicating strong market performance.
- Revenue Highlights: Total revenue for Q1 reached RMB 1.07 billion (approximately USD 155.6 million), up 112.9% year-over-year, with retail vehicle sales revenue at RMB 1.01 billion (approximately USD 147.1 million), reflecting a 118% increase, driven by the opening of new superstores.
- Stable Gross Margin: The gross margin for Q1 remained stable at 7.0%, an improvement of 0.2% from the previous quarter, indicating effective cost control and sales efficiency, with expectations for improved operating leverage as superstores mature.
- Positive Outlook: Uxin anticipates retail transaction volumes between 18,000 and 19,000 units for Q2 2026, with total revenues projected to range from RMB 1.05 billion to 1.1 billion, demonstrating confidence in future market demand and growth potential.
See More
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- Transaction Volume Shift: In Q1 2026, Uxin reported a transaction volume of 18,211 units, reflecting a 15.8% decline from the previous quarter but a robust 120.4% year-over-year increase, indicating strong market recovery.
- Retail Revenue Growth: Retail transaction volume reached 16,530 units, up 119.1% year-over-year despite a 13.7% sequential decline, demonstrating Uxin's ability to sustain strong sales growth following new store openings.
- Total Revenue Performance: Total revenue for Q1 was RMB 1.073 billion (approximately USD 155.6 million), down 10.4% quarter-over-quarter but up 112.9% year-over-year, reflecting the company's resilience in achieving revenue growth amid challenges.
- Operating Loss and Gross Margin: The operating loss stood at RMB 66.6 million (approximately USD 9.7 million), with a stable gross margin of 7.0%, showcasing Uxin's efforts in cost control and enhancing profitability.
See More
Uxin Reports Q1 2026 Earnings with Revenue Growth
- Significant Revenue Growth: Uxin reported Q1 2026 revenue of $155.65 million, reflecting a robust year-over-year increase of 112.9%, indicating strong recovery capabilities despite challenges in overall transaction volume.
- Transaction Volume Fluctuations: The total transaction volume for the quarter was 18,211 units, down 15.8% from the previous quarter but up 120.4% year-over-year, demonstrating the company's efforts to regain market share.
- Retail Transaction Performance: Retail transaction volume stood at 16,530 units, a decrease of 13.7% from the last quarter but an impressive increase of 119.1% compared to the same period last year, highlighting Uxin's sustained appeal in the retail market despite short-term volatility.
- Future Outlook: The company anticipates retail transaction volumes to range between 18,000 and 19,000 units for Q2 2026, with total revenue expected to be between RMB 1.05 billion and RMB 1.1 billion, reflecting management's confidence in future growth.
See More
