# Uxin Enters into Joint Venture Agreement with Shijiazhuang State-Owned Enterprise

- Link: https://www.thailand-business-news.com/pr-news/uxin-enters-into-joint-venture-agreement-with-shijiazhuang-state-owned-enterprise
- Published: 2026-06-02T15:15:00+07:00
- Author: PR Newswire

BEIJING, June 2, 2026 /PRNewswire/ — Uxin Limited ("Uxin" or the "Company") (Nasdaq:
UXIN), a leading used car retailer in China, today announced a strategic partnership
with Hebei Chengying Investment Promotion Operation Co., Ltd. ("Hebei Chengying")
to establish Uxin (Shijiazhuang) Automobile Maintenance Co., Ltd. (the "Joint Venture"),
aiming to support the Company’s plan to establish a new used car superstore in Shijiazhuang.
Pursuant to the Joint Venture Agreement, Uxin (Anhui) Industrial Investment Group
Co., Ltd. ("Uxin Anhui"), a wholly-owned subsidiary of the Company, will contribute
RMB30.0 million, and Hebei Chengying will contribute RMB10.0 million to the Joint
Venture, respectively, representing approximately 75% and 25% of the Joint Venture’s
total registered capital, respectively.

The establishment of the Joint Venture reflects an important collaboration between
Uxin and state-owned enterprises in Shijiazhuang, aimed at promoting the development
of the automotive aftermarket industry across North China and building a leading
brand in China’s used car industry.

Mr. Wenbing Jing, President of Uxin, stated: "As the capital of Hebei Province, 
Shijiazhuang is a major hub in the coordinated development of the Beijing-Tianjin-
Hebei region. With a population exceeding 11 million and more than 4 million registered
vehicles, the city presents substantial opportunities for growth in the used car
and automotive aftermarket sectors. By leveraging Uxin’s capabilities in supply 
chain management, digital operations, and standardized services, we plan to establish
the Shijiazhuang Superstore as a regional used car circulation and service hub serving
Hebei, Tianjin, and the broader Beijing-Tianjin-Hebei market. We believe this initiative
will further improve the used car purchasing experience for consumers throughout
North China."

**About Uxin **

Uxin is China’s leading used car retailer, pioneering industry transformation with
advanced production, new retail experiences, and digital empowerment. We offer high-
quality and value-for-money vehicles as well as superior after-sales services through
a reliable, one-stop, and hassle-free transaction experience. Under our omni-channel
strategy, we are able to leverage our pioneering online platform to serve customers
nationwide and establish market leadership in selected regions through offline inspection
and reconditioning centers. Leveraging our extensive industry data and continuous
technology innovation throughout more than ten years of operation, we have established
strong used car management and operation capabilities. We are committed to upholding
our customer-centric approach and driving the healthy development of the used car
industry.

**Safe Harbor Statement**

This press release contains statements that may constitute "forward-looking" statements
which are made pursuant to the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be identified
by terminology such as "will," "expects," "anticipates," "aims," "future," "intends,""
plans," "believes," "estimates," "likely to," and similar statements. Statements
that are not historical facts, including statements about Uxin’s beliefs, plans,
and expectations, are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause actual results
to differ materially from those contained in any forward-looking statement, including
but not limited to the following: the risk and uncertainties as to the timing of
the entry into definitive agreements or consummation of the transactions; the risk
that certain closing conditions of the transactions may not be satisfied on a timely
basis, or at all; impact of the COVID-19 pandemic; Uxin’s goal and strategies; its
expansion plans and successful completion of certain financing transactions; its
future business development, financial condition and results of operations; Uxin’s
expectations regarding demand for, and market acceptance of, its services; its ability
to provide differentiated and superior customer experience, maintain and enhance
customer trust in its platform, and assess and mitigate various risks, including
credit; its expectations regarding maintaining and expanding its relationships with
business partners, including financing partners; trends and competition in China’s
used car e-commerce industry; the laws and regulations relating to Uxin’s industry;
the general economic and business conditions; and assumptions underlying or related
to any of the foregoing.

**For investor and media enquiries, please contact:**
**Uxin Limited Investor Relations**
Uxin LimitedEmail: [ir@xin.com](https://www.thailand-business-news.com/pr-news/ir@xin.com)

**The Blueshirt Group**
Mr. Jack WangPhone: +86 166-0115-0429Email: [Jack@blueshirtgroup.co](https://www.thailand-business-news.com/pr-news/Jack@blueshirtgroup.co)

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