Uxin Limited announced a partnership with the Guangzhou Development District Transportation Investment Group to jointly invest in a new used‑car superstore in Guangzhou. The facility will hold more than 3,000 vehicles for display and sale, expanding Uxin’s inventory capacity in a key market.
The superstore expands Uxin’s footprint into southern China, following openings in Xi’an, Hefei, Wuhan and Zhengzhou. Guangzhou’s permanent population of 18.978 million and over 4 million registered vehicles make it a prime market for used‑car sales.
Uxin will leverage its reconditioning factories and digital retail platform to provide a seamless one‑stop shopping experience. The partnership aligns with Uxin’s strategy to scale its inventory‑owning model and strengthen its retail network.
Uxin reported a net loss of RMB369.5 million for FY 2024, a 59 % narrowing from FY 2023, and Q3 2024 revenue of RMB497.2 million, up 39.6 % year‑over‑year. The company aims to achieve positive adjusted EBITDA in the near future and has recently partnered with CATL’s subsidiary to develop a battery‑swapping ecosystem for used cars. The financial terms of the partnership and construction timeline have not been disclosed.
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