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NEWS
Uxin Announces Strategic Partnership with CATL's Subsidiary to Develop Battery Swapping Ecosystem for Used Cars
1 minute ago, 5:38 AM PST
Via PR Newswire
BEIJING, Dec. 3, 2024 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced a strategic partnership with Times Electric Service, a wholly-owned subsidiary of Contemporary Amperex Technology Co., Limited ("CATL"). This collaboration aims to promote the adoption and development of battery swapping models in the used car market, providing consumers with transaction services for pre-owned new energy vehicles. The partnership is expected to diversify the new energy used car market and offer consumers a more convenient and reliable transaction experience.
Uxin has been at the forefront of the used car industry, offering comprehensive end-to-end services including vehicle selection, acquisition, inspection, reconditioning, display, sales, and after-sales support. As one of the earliest companies in China to engage in the inspection and transaction of pre-owned new energy vehicles, Uxin will leverage its extensive resources and experience in this partnership. By joining forces with Times Electric Service's leading capabilities in standardized battery swapping technology and industrial chain development, the two companies will jointly establish a used car trading system based on the "vehicle-battery separation" model.
1 minute ago, 5:38 AM PST
Via PR Newswire
BEIJING, Dec. 3, 2024 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced a strategic partnership with Times Electric Service, a wholly-owned subsidiary of Contemporary Amperex Technology Co., Limited ("CATL"). This collaboration aims to promote the adoption and development of battery swapping models in the used car market, providing consumers with transaction services for pre-owned new energy vehicles. The partnership is expected to diversify the new energy used car market and offer consumers a more convenient and reliable transaction experience.
Uxin has been at the forefront of the used car industry, offering comprehensive end-to-end services including vehicle selection, acquisition, inspection, reconditioning, display, sales, and after-sales support. As one of the earliest companies in China to engage in the inspection and transaction of pre-owned new energy vehicles, Uxin will leverage its extensive resources and experience in this partnership. By joining forces with Times Electric Service's leading capabilities in standardized battery swapping technology and industrial chain development, the two companies will jointly establish a used car trading system based on the "vehicle-battery separation" model.
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