Uxin Announces Strategic Partnership with CATL’s Subsidiary to Develop Battery Swapping Ecosystem for Used Cars
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.
Key initiatives of the partnership include developing an online used car trading platform and battery marketplace tailored for the “vehicle-battery separation” model, as well as providing inspection, certification, and rating services for battery swapping used cars. Additionally, both companies will collaborate to advance the construction of a battery swapping network, explore innovative business and service models, and promote the standardization of battery swapping technology. These efforts aim to accelerate the comprehensive upgrade of the battery swapping ecosystem.
Mr. Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin, commented,
We are thrilled to partner with Times Electric Service to drive innovation in the pre-owned new energy vehicle market.
“This collaboration aligns with our commitment to providing consumers with a professional, transparent, and reliable transaction experience. By meeting the diverse needs of consumers, we are creating long-term value for our customers and shareholders.”
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Uxin Announces Strategic Partnership with CATL’s Subsidiary to Develop Battery Swapping Ecosystem for Used Cars, source
