Uxin Group announced it has formally signed a $50 million financing agreement with Nio Capital and Prestige Shine Investment Fund. Nio Capital will invest $20 million, while Prestige Shine Investment Fund will contribute $30 million. This new capital injection will provide financial backing for Uxin's ongoing strategy to expand its network of warehouse-style used car superstores.

Dai Kun, Founder, Chairman, and CEO of Uxin Group, expressed his satisfaction with the support from Nio Capital and Prestige Shine. He stated that the additional investment from existing shareholders fully demonstrates the long-term investors' recognition and confidence in Uxin's strategic direction, business model, and current operational progress.

Dai Kun further emphasized that this financing will support the company's plan to launch 4 to 6 new superstores by 2026. The funds will also be used to continuously improve the company's balance sheet structure, thereby making its overall financial position more robust.

Prior to the announcement of this funding round, Uxin's Jinan warehouse superstore commenced trial operations. This facility in Jinan marks the fifth offline warehouse superstore established by Uxin, following locations in Xi'an, Hefei, Wuhan, and Zhengzhou. It signifies the accelerated nationwide replication and expansion of the "Offline Warehouse Superstore + Online Nationwide Purchase" business model. Concurrently, Uxin has reached strategic cooperation agreements with municipal governments in several cities, including Tianjin, Guangzhou, and Yinchuan, to jointly advance the development of its warehouse superstore projects.