Uxin Stock Drops Close to 52-Week Low as Chongqing Deal Sits in Focus
Uxin Limited’s American depositary shares on Nasdaq lost 7.56% to finish at $2.20 Thursday. The Chinese used-car seller said it’s launching another superstore project, now in Chongqing. The ADRs dipped to $2.14 in the session, touching the 52-week low, with about 189,500 shares changing hands. Uxin is looking for investor support as it spends big on expansion while its shares stay weak. The company plans to open a new Chongqing site that will pair a major used-car reconditioning center with a retail store and hold more than 5,000 vehicles. Operations are set to begin in 2026.