Uxin(UXIN) Prnewswire·2024-12-03 13:38Core Viewpoint - Uxin Limited has announced a strategic partnership with Times Electric Service to promote battery swapping models in the used car market, enhancing consumer transaction services for pre-owned new energy vehicles [1][2]. Group 1: Partnership Details - The collaboration aims to diversify the new energy used car market and provide a more convenient transaction experience for consumers [1]. - Uxin will leverage its extensive resources and experience in the used car industry, particularly in the inspection and transaction of pre-owned new energy vehicles [2]. - The partnership will establish a used car trading system based on the "vehicle-battery separation" model, integrating Times Electric Service's battery swapping technology [2][3]. Group 2: Key Initiatives - Key initiatives include developing an online used car trading platform and battery marketplace, along with inspection, certification, and rating services for battery swapping used cars [3]. - Both companies will work together to advance the construction of a battery swapping network and promote the standardization of battery swapping technology [3]. Group 3: Company Background - Uxin is recognized as China's leading used car retailer, providing comprehensive end-to-end services including vehicle selection, acquisition, inspection, reconditioning, display, sales, and after-sales support [2][4]. - The company has established strong used car management and operation capabilities over more than ten years of operation, focusing on customer-centric approaches and the healthy development of the used car industry [4]. Group 4: Times Electric Service Overview - Times Electric Service is a wholly-owned subsidiary of Contemporary Amperex Technology Co., Limited (CATL), a leader in lithium-ion battery development and manufacturing [5]. - The company aims to provide new energy operation services by leveraging CATL's technological and industrial resources, contributing to sustainable development [5].