Uxin Completes Major Upgrade on its Xi’an Inspection and Reconditioning Center
December 22 2022 - 08:00AM
Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), a leading
e-commerce platform for buying and selling used cars in China,
today announced it had completed the relocation and upgrade of its
Xi’an Inspection and Reconditioning Center (“IRC”) as well as its
used car superstore. The upgraded IRC and superstore reopened for
business as the largest fully self-owned used car marketplace in
Northwest China with a showroom capacity of up to 3,000 vehicles to
meet the used car consumption demand in the city of Xi’an and its
surrounding areas.
The new Xi’an IRC is the benchmark
representation of Uxin's business philosophy of driving the
transformation of China's used car industry through advanced
manufacturing, new retail experience, and digital empowerment.
The upgrade expanded the IRC’s total floor area
to 150,000 square meters and is comprised of a used car
reconditioning factory as well as a warehouse-style superstore.
Powered by industry-leading equipment and advanced reconditioning
techniques, the reconditioning factory has an annual capacity of
40,000 units to ensure that Uxin has a large-scale supply of
high-quality used cars.
The warehouse-style superstore expanded its
showroom capacity from 600 vehicles previously to 3,000 vehicles to
offer an extensive selection of used cars to our customers. In
addition, the IRC houses an integrated customer service center and
brought in a branch of the Vehicle Administration Office on site.
As such, customers have access to auto financing, insurance,
extended warranty, accessories upgrade, as well as title transfer
and registration services on the same day they purchase their
vehicles for a comprehensive and efficient one-stop used car buying
experience.
The new IRC operates under digitized systems and
standardized processes, from vehicle acquisition to reconditioning
and sales. The digitized processes significantly improve the IRC’s
operation efficiency. It is a demonstration of Uxin’s comprehensive
capabilities in effectively operating used car businesses at a
super large scale.
Mr. Kun Dai, Founder, Chairman and Chief
Executive Officer of Uxin, commented, “The upgrade of our Xi’an IRC
is a major business milestone in 2022 and the embodiment of the
innovative business model built from our eleven years’ deep
understanding of China’s used car industry. While the advanced
factory further secures the stable supply of high-quality vehicles,
our warehouse-style superstore with fully self-owned vehicle
inventories offers consumers an all-round, upgraded car buying
experience. Going forward, with the further implementation of
industry-boosting policies in the next year, we will continue to
focus on the business growth of our IRCs, and lead the
transformation of China's used car industry.”
For more information, please visit us at
https://ir.xin.com/ or find us on Twitter @UxinLimited.
About Uxin
Uxin is a leading e-commerce platform for buying
and selling used cars in China. We offer high-quality and
value-for-money vehicles as well as superior before-and-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 select 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.
For investor and media enquiries, please
contact:
Uxin Limited Investor
RelationsEmail: ir@xin.com
The Blueshirt GroupJack
WangPhone: +86 166-0115-0429 Email: Jack@blueshirtgroup.com
Photos accompanying this announcement are available
at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b239a97c-f16e-4fa3-af68-551ae9f2de89
https://www.globenewswire.com/NewsRoom/AttachmentNg/9f6b20a6-a831-41a2-aace-50cda493050e
https://www.globenewswire.com/NewsRoom/AttachmentNg/2a22f151-a82c-44c8-8134-99a35e9375f4
Uxin (NASDAQ:UXIN)
Historical Stock Chart
From Feb 2024 to Mar 2024
Uxin (NASDAQ:UXIN)
Historical Stock Chart
From Mar 2023 to Mar 2024