Uxin Partners with CATL's Subsidiary to Enhance Battery Swapping for Used Cars

Uxin and CATL's Partnership: A New Era for Used Cars

On December 3, 2024, Uxin Limited, the leading used car retailer in China, announced a transformative partnership with Times Electric Service, a subsidiary of the global lithium-ion battery giant, Contemporary Amperex Technology Co., Limited (CATL). This strategic collaboration aims to foster the adoption of battery swapping systems, which are expected to significantly streamline transactions in the used energy vehicle market.

Uxin has long been a Pioneer in the used car industry, committed to delivering comprehensive services encompassing vehicle selection, procurement, inspection, and after-sales support. By aligning with Times Electric Service, Uxin plans to leverage its extensive resources and expertise to innovate the market further, focusing on establishing a robust trading ecosystem based on the innovative concept of vehicle-battery separation.

As part of this endeavor, the partners will develop an integrated online used car trading platform and a dedicated marketplace for battery swapping systems. This initiative is designed not only to facilitate the trading of pre-owned new energy vehicles, but also to enhance consumer confidence through rigorous inspection, certification, and evaluation services for battery-equipped used cars.

Additionally, the partnership seeks to propel the construction of a comprehensive battery swapping network across China, exploring innovative service models that cater to the evolving demands of the market. The standardization of battery swapping technology is among the key objectives that they aim to achieve, ensuring that all consumers can rely on this fast and efficient transaction method.

Kun Dai, Founder, Chairman, and CEO of Uxin, expressed enthusiasm regarding this collaboration, stating, "We are excited to partner with Times Electric Service to spur innovation in the pre-owned new energy vehicle segment. This partnership aligns perfectly with our commitment to providing a professional, transparent, and trustworthy transaction experience for consumers. By addressing the diverse requirements of our customers, we are not just enhancing their current experience but are also creating long-term value for our shareholders."

Uxin’s innovative approach places it at the forefront of the transformation within the used car market. The company's omni-channel strategy, which combines online and offline services, allows it to effectively navigate the rapidly changing landscape of used car sales. Uxin has built a reputation for delivering quality vehicles and reliable after-sales service, integrating advanced technologies to meet the demands of consumers.

Similarly, Times Electric Service's commitment to leveraging techniques in energy technology underlines its vision for sustainable development. By uniting efforts with Uxin, it positions itself to impact the new energy service market significantly and enables every participant to contribute to a greener future.

This partnership brings optimism not just for the involved companies but also for the wider automotive industry in China. With the combined prowess of Uxin in used car retail and Times Electric Service in battery technology development, the initiative stands to transform consumer experiences and redefine standards in the used vehicle market.

In conclusion, the collaboration between Uxin and Times Electric Service represents a significant leap toward realizing a future where battery swapping technology becomes commonplace in the used car ecosystem. As they work together to facilitate smoother transactions and enhance consumer trust, it is clear that the landscape for used energy vehicles in China is set for substantial advancement.