BEIJING, Dec. 3, 2024
/PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq:
UXIN), China's leading used car
retailer, today announced a strategic partnership with Times
Electric Service, a wholly-owned subsidiary of Contemporary Amperex
Technology Co., Limited ("CATL"). This collaboration aims to
promote the adoption and development of battery swapping models in
the used car market, providing consumers with transaction services
for pre-owned new energy vehicles. The partnership is expected to
diversify the new energy used car market and offer consumers a more
convenient and reliable transaction experience.
Uxin has been at the forefront of the used car industry,
offering comprehensive end-to-end services including vehicle
selection, acquisition, inspection, reconditioning, display, sales,
and after-sales support. As one of the earliest companies in
China to engage in the inspection
and transaction of pre-owned new energy vehicles, Uxin will
leverage its extensive resources and experience in this
partnership. By joining forces with Times Electric Service's
leading capabilities in standardized battery swapping technology
and industrial chain development, the two companies will jointly
establish a used car trading system based on the "vehicle-battery
separation" model.
Key initiatives of the partnership include developing an online
used car trading platform and battery marketplace tailored for the
"vehicle-battery separation" model, as well as providing
inspection, certification, and rating services for battery swapping
used cars. Additionally, both companies will collaborate to advance
the construction of a battery swapping network, explore innovative
business and service models, and promote the standardization of
battery swapping technology. These efforts aim to accelerate the
comprehensive upgrade of the battery swapping ecosystem.
Mr. Kun Dai, Founder, Chairman
and Chief Executive Officer of Uxin, commented, "We are thrilled to
partner with Times Electric Service to drive innovation in the
pre-owned new energy vehicle market. This collaboration aligns with
our commitment to providing consumers with a professional,
transparent, and reliable transaction experience. By meeting the
diverse needs of consumers, we are creating long-term value for our
customers and shareholders."
About Uxin
Uxin is China's leading used
car retailer, pioneering industry transformation with advanced
production, new retail experiences, and digital empowerment. We
offer high-quality and value-for-money vehicles as well as superior
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 selected 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.
About Times Electric Service
Times Electric Service Co., Ltd. is a wholly-owned subsidiary of
Contemporary Amperex Technology Co., Limited (CATL), a global
leader in lithium-ion battery development and manufacturing. Times
Electric Service is committed to providing new energy operation
services by leveraging CATL's technological and industrial
resources. The company aims to unite individual efforts through
energy technology, drawing a grand blueprint for sustainable human
development, and enabling everyone to be a participant and creator
of a greener future for the planet.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements which are made pursuant to the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to,"
and similar statements. Statements that are not historical facts,
including statements about Uxin's beliefs, plans, and expectations,
are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: the risk and uncertainties as to the timing of the entry
into definitive agreements or consummation of the transactions; the
risk that certain closing conditions of the transactions may not be
satisfied on a timely basis, or at all; impact of the COVID-19
pandemic; Uxin's goal and strategies; its expansion plans and
successful completion of certain financing transactions; its future
business development, financial condition and results of
operations; Uxin's expectations regarding demand for, and market
acceptance of, its services; its ability to provide differentiated
and superior customer experience, maintain and enhance customer
trust in its platform, and assess and mitigate various risks,
including credit; its expectations regarding maintaining and
expanding its relationships with business partners, including
financing partners; trends and competition
in China's used car e-commerce industry; the laws and
regulations relating to Uxin's industry; the general economic and
business conditions; and assumptions underlying or related to any
of the foregoing.
For investor and media enquiries, please
contact:
Uxin Limited Investor Relations
Uxin
Limited
Email: ir@xin.com
The Blueshirt Group
Mr. Jack Wang
Phone: +86 166-0115-0429
Email: Jack@blueshirtgroup.co
View original
content:https://www.prnewswire.com/news-releases/uxin-announces-strategic-partnership-with-catls-subsidiary-to-develop-battery-swapping-ecosystem-for-used-cars-302321004.html
SOURCE Uxin Limited