On Oct 16, Uxin Group signed an agreement to establish an intelligent automotive manufacturing base in the Wuhan Economic and Technological Development Zone (WEDZ).
With a projected investment of 600 million yuan ($84.27 million), the new base will focus on constructing and operating a used car remanufacturing facility and a one-stop factory store.
It will encompass the entire business chain, including used car repair and refurbishment, warehousing, display, transaction, transfer, and after-sales services. It is expected to be operational by the end of the year.
Liu Ziqing, Party secretary of the WEDZ working committee, highlighted the importance of Uxin Group's base in fostering innovation and advancing the zone's automotive aftermarket economy.
He hoped that Uxin Group would use its expertise in used car inspection systems, information platforms, and comprehensive sales processes to drive growth in automotive financial services and maintenance sectors.
Founded in 2011, Uxin Group is a leading publicly listed used car company in China. Its business model covers the entire used car transaction process. Since 2021, Uxin has established automotive manufacturing facilities and one-stop factory stores in Xi'an and Hefei.
WEDZ is investing in creating a comprehensive new energy vehicle industrial chain and is currently home to significant projects, such as Tmall Auto Care's automotive aftermarket services, JD's national auto parts supply chain base, and Tuhu Car's Central China regional headquarters.
