Uxin Announces Strategic Partnership with Guangzhou Authorities
Uxin Limited, China's leading used car retailer, has formed a strategic partnership with local government authorities in Guangzhou to invest in the construction of a used car superstore.
The new superstore will display and sell over 3,000 vehicles, and will be jointly developed by Uxin Limited and the Guangzhou Development District Transportation Investment Group.
The Guangzhou Development District Transportation Investment Group has total assets of nearly RMB10 billion and strong capabilities in industrial integration and development.
The project will be a significant step forward for Uxin in the Guangzhou market.
Author's summary: Uxin partners with Guangzhou authorities to build a used car superstore.