Uxin Signs Agreement with Jiangyin Lingang Development Zone to Build 1 Billion Yuan Automotive Eco-intelligent Manufacturing Industrial Park

On March 3rd, used car retailer Uxin Group (Nasdaq: UXIN) announced that it has officially signed a cooperation agreement with the Jiangyin Lingang Economic Development Zone Management Committee in Jiangsu Province to jointly build the Uxin (Jiangyin) Automotive Ecosystem Intelligent Manufacturing Industrial Park project. The project plans a total investment of 1 billion yuan and is Uxin’s first used car warehousing factory store project in the Yangtze River Delta region, marking a further deepening of the company’s nationwide strategic layout.

According to reports, the Uxin Jiangyin project combines an intelligent preparation factory with a warehouse-style large marketplace, covering vehicle inspection, maintenance and preparation, warehousing and display, transaction delivery, and transfer services. It is expected to accommodate up to approximately 5,000 vehicles, becoming a modern automotive service complex that effectively improves regional used car circulation efficiency and standardizes service levels.

Uxin Group’s Chief Strategy Officer Jing Wenbing stated that Jiangyin is located at the geometric center of the Yangtze River Delta. Within a 100-kilometer radius around Jiangyin, there are over 30 million residents and more than 12 million vehicles. The automotive aftermarket has huge development potential. Uxin will leverage advanced intelligent remanufacturing factories, big data operation platforms, and standardized service systems to make the Jiangyin project a used car circulation and service hub that radiates throughout the Yangtze River Delta, helping to upgrade regional auto consumption and promote industry toward normalization, branding, and standardization.

Uxin Group was founded in 2011 and pioneered the “offline warehousing large marketplace + online nationwide purchase” model. It has now established used car warehousing factory stores in multiple cities including Xi’an, Hefei, Wuhan, Zhengzhou, and Jinan, covering the entire used car transaction process.

Jiangyin Lingang Development Zone is located west of Jiangyin city and is one of the important industrial clusters in the Yangtze River Delta. It hosts many Fortune 500 Chinese companies and has formed characteristic industrial clusters such as new metal materials, new energy, and mechanical equipment, with its economic output ranking among the top provincial-level development zones in Jiangsu Province.

Industry insiders say that the establishment of Uxin’s used car warehousing factory store in Jiangyin will further enrich automotive consumption options in the Yangtze River Delta, improve used car circulation efficiency and standardization, and promote the coordinated development of testing, preparation, logistics, and related service industries, injecting new momentum into the high-quality development of the regional automotive aftermarket.