Uxin Announces Strategic Partnership with Wuhan City Economic & Technological Development Zone

Core Insights - Uxin Limited has announced a strategic partnership with Wuhan City Economic & Technological Development Zone to establish a joint venture aimed at developing a new used car super store in Wuhan City, Hubei Province [1][2] - The joint venture will see Uxin contribute RMB66.7 million, representing 66.7% of the total registered capital, while Wuhan Junshan will contribute RMB33.3 million, representing 33.3% [1] - Wuhan City is a significant automotive market in China, with a population of approximately 12 million and a GDP of around RMB2.0 trillion, and over 4 million cars [2] Company Overview - Uxin is recognized as China's leading used car retailer, focusing on industry transformation through advanced production, new retail experiences, and digital empowerment [3] - The company offers high-quality vehicles and superior after-sales services, emphasizing a customer-centric approach and a hassle-free transaction experience [3] - Uxin employs an omni-channel strategy, leveraging both online platforms and offline inspection and reconditioning centers to establish market leadership [3]