On September 26th, Uxin Group (UXIN.US), a leading used car retailer in China, announced that its Zhengzhou used car warehouse supermarket will commence trial operations on the 27th. The supermarket has a planned construction area of approximately 150,000 square meters, equipped with a self-operated reconditioning facility and large-scale showrooms, capable of accommodating up to 5,000 vehicles for display and sale.

The Zhengzhou warehouse supermarket marks the fourth such facility to open following locations in Xi'an, Hefei, and Wuhan. The project's launch signifies that Uxin's offline mega supermarket model has entered a phase of steady replication and expansion.

As the capital city of Henan Province and a transportation hub in central China, Zhengzhou has a permanent population exceeding 13 million and approximately 5 million registered vehicles, with its used car market ranking among the top ten nationally. The establishment of Uxin's used car warehouse supermarket will provide consumers with more vehicle purchasing options and professional services, driving regional used car consumption upgrades.

In July 2024, Uxin Group reached a strategic cooperation agreement with Zhengzhou Airport Economic Zone Auto Industry Investment Co., Ltd., planning a total investment of 700 million yuan to jointly build the Zhengzhou warehouse-style factory store project for used cars and establish Uxin (Zhengzhou) Intelligent Remanufacturing Co., Ltd.

Meanwhile, Uxin is actively expanding its national footprint. The successive establishment of the Zhengzhou warehouse supermarket and other new projects will provide sustained momentum for future sales growth and performance improvement.