Joint VentureJun 2, 2026, 09:02 AM
Uxin forms JV with Hebei Chengying for Shijiazhuang used car superstore
AI Summary
Uxin Ltd. announced a partnership with Hebei Chengying Investment Promotion Operation Co., Ltd. to establish Uxin (Shijiazhuang) Automobile Maintenance Co., Ltd., a joint venture aimed at supporting a new used car superstore in Shijiazhuang. Uxin's subsidiary will contribute RMB30.0 million (75%), while Hebei Chengying will contribute RMB10.0 million (25%) to the joint venture's registered capital. This collaboration with state-owned enterprises seeks to develop the automotive aftermarket in North China and enhance the used car purchasing experience in the Beijing-Tianjin-Hebei region.
Key Highlights
- Uxin formed a joint venture with Hebei Chengying Investment Promotion Operation Co., Ltd. to establish Uxin (Shijiazhuang) Automobile Maintenance Co., Ltd.
- The Joint Venture will support Uxin's plan to establish a new used car superstore in Shijiazhuang.
- Uxin Anhui, a wholly-owned subsidiary, will contribute RMB30.0 million, representing 75% of the registered capital.
- Hebei Chengying will contribute RMB10.0 million, representing 25% of the registered capital.
- The collaboration aims to promote the development of the automotive aftermarket industry across North China.
- Uxin plans to establish the Shijiazhuang Superstore as a regional used car circulation and service hub.
- The initiative targets the Beijing-Tianjin-Hebei market, leveraging Shijiazhuang's population and vehicle count.
Price Impact
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