05:43 AM EST, 03/03/2026 (MT Newswires) -- Uxin ( UXIN ) said Tuesday that it has formed a joint venture with two investment partnerships to support expansion in Jiangsu Province.

The company said it partnered with Jiangyin Huigang Qihang Investment Partnership and Jiangyin Chan Fa Ke Chuang Investment Partnership to establish Uxin ( UXIN ) Intelligent Remanufacturing.

Under the agreement, Uxin's ( UXIN ) subsidiary, Uxin (Anhui) Industrial Investment, will invest 68 million renminbi ($9.88 million), representing about 68% of the joint venture's registered capital. Huigang Qihang and Chan Fa Ke Chuang will each invest RMB16 million, or about 16% each, Uxin ( UXIN ) said.

The joint venture will support Uxin's ( UXIN ) plan to open a new used car superstore in Jiangyin, it added.