UXIN News & Events

Uxin announced that the company has entered into definitive share subscription agreements with affiliates of Nio Capital and Prestige Shine. Under the definitive agreements, the company has agreed to issue and sell, and the investors have agreed to purchase, an aggregate of 5,246,589,717 Class A ordinary shares of the company at a purchase price of $0.00953 per Class A ordinary share for an aggregate consideration of $50M. Of such amount, affiliates of Nio Capital have agreed to invest $20M and Prestige Shine Group have agreed to invest $30M. The consummation of the transactions is subject to customary closing conditions.

Uxin announced that it has formed a strategic partnership with the local government authorities in Tianjin, where Uxin will jointly invest in the Uxin Tianjin Used Car Superstore with certain local companies. It is currently expected that the project will integrate a large-scale used car reconditioning facility with a one-stop retail experience, featuring a total capacity of more than 3,000 vehicles for display and sale. The first phase of the superstore is expected to begin operations in the first half of 2026.

Uxin announced that it has formed a strategic partnership with the local government authorities in Yinchuan, where Uxin will jointly invest in the Uxin Yinchuan Used Car Superstore with a local, state-owned enterprise. It is currently expected that the new superstore will have the capacity to display around 3,000 vehicles for sale.