Uxin Announces RMB170M Partnership with Zhengzhou Airport Industry, Launches New Used Car Super Store
Portfolio Pulse from Benzinga Newsdesk
Uxin Limited (NASDAQ: UXIN) has announced a strategic partnership with Zhengzhou Airport Industry to form a joint venture, Uxin (Zhengzhou) Intelligent Remanufacturing Co., Ltd. Uxin will contribute RMB120 million, while Zhengzhou Airport Industry will contribute RMB50 million. The joint venture aims to establish a new used car super store in Zhengzhou, promoting the automotive aftermarket industry in Henan Province.
July 08, 2024 | 9:09 am
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Uxin Limited has entered into a strategic partnership with Zhengzhou Airport Industry to form a joint venture and launch a new used car super store in Zhengzhou. Uxin will contribute RMB120 million to the joint venture, which aims to promote the automotive aftermarket industry in Henan Province.
The partnership and the establishment of a new used car super store are likely to enhance Uxin's market presence and revenue potential in the automotive aftermarket industry. This strategic move could positively impact Uxin's stock price in the short term.
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