Uxin
Nio starts displaying vehicles at used car trading platform Uxin's outlets to reach more customers, report says
Nio has started displaying vehicles at used car trading platform Uxin's offline outlets to open up new sales channels and increase sales exposure and reach, according to local media.
Uxin reports revenue of $53.7 million for past quarter, up 353% year-on-year
Uxin expects fourth quarter revenue to be RMB 480 million to RMB 500 million.
Nio-backed used car trading platform Uxin to be included in MSCI index
Uxin will be included in the MSCI Global Small Cap Index - China Index, effective after the US stock market closes on November 30.
Uxin ventures into used NEV business, starts offering Nio, Tesla models
Uxin is offering two Nio ES8s and one imported version of the Tesla Model 3 in its official app.
Nio-backed Uxin builds second superstore as it expands from online to offline
The store is set up in Hefei and covers an area of nearly 100,000 square meters, four times the size of Uxin's first offline superstore.
Nio-backed Uxin reportedly to step up efforts to expand offline business
Uxin, whose main business is online used car trading, has decided to develop both its online and offline businesses and is bringing back several veteran former employees.
Uxin closes $100 million financing deal, Nio's William Li joins board
Under the deal, Uxin has issued a total of 29,129,040,416 shares of senior convertible preferred stock for an aggregate amount of $100 million.
Analysts call Nio-backed Uxin China's 'Carvana' in the making
The investment in Uxin will further improve Nio's position in the car trading scenario, and together with Nio Capital, it will bridge the company's possibilities for cooperation with Nio, bringing more imagination to Uxin's development.
Nio Capital invests in online used car dealer Uxin
William Li said that the used car market in China has the potential for exponential growth and believes Uxin will continue to lead the development of the used car market in China.