Youxin signs contract with Jiangyin Lingang Development Zone, investing 1 billion RMB to build a smart ecological car manufacturing industry park.

On the evening of March 3rd, the used car retailer Uxin Group announced that it has officially signed a cooperation agreement with the Administrative Committee of Jiangyin Lingsang Economic Development Zone in Jiangsu Province to jointly build the Uxin Automotive Ecological Smart Manufacturing Industrial Park project. The project plans to invest a total of 1 billion RMB, and it is Uxin's first used car storage and factory store project in the Yangtze River Delta region. It is reported that the Uxin Jiangyin project integrates intelligent refurbishment factory with a storage-type large dealership, covering all aspects of vehicle inspection, maintenance and refurbishment, storage and display, transaction delivery, and transfer services. It is expected to accommodate up to approximately 5,000 vehicles, becoming a modern automobile service complex. Uxin Group's Chief Strategy Officer Jing Wenbing stated that Jiangyin is located in the geometric center of the Yangtze River Delta, with a population of over 30 million residents and over 12 million vehicles in the surrounding 100-kilometer radius, indicating a huge potential for the development of the automotive aftermarket. By utilizing advanced intelligent remanufacturing factories, big data operating platforms, and standardized service systems, Uxin plans to establish the Jiangyin project as a hub for used car circulation and services in the Yangtze River Delta, supporting the upgrading of regional automobile consumption and promoting industry development towards standardization, branding, and standardization.