New York, May 22, 2026, 05:15 EDT
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.
Stocks in the U.S. were on track for normal hours Friday, with markets closing Monday for Memorial Day. Nasdaq’s 2026 holiday list puts May 25 down as a full close.
Uxin President Wenbing Jing called Chongqing a “strong automotive consumer base” with an “active used car market.” He noted Chongqing is a transport hub for western China. Uxin said the city has a population topping 30 million and more than 6 million registered vehicles. InvestorRoom
Uxin is putting its superstore model to work again with this project. The company said it now operates large used-car superstores in six major regional Chinese cities and expects the Chongqing location to boost its footprint in the southwest region.
Uxin’s numbers are up, but the company isn’t in the clear yet. It posted full-year 2025 revenue of 3.24 billion yuan ($463.3 million), a jump of 78.6% from last year. Retail transaction volume shot up 134.7% to 51,110 vehicles. Loss from operations shrank to 173.6 million yuan.
Chief Financial Officer Feng Lin said in April that “gross margin and non-GAAP adjusted EBITDA were under pressure.” Non-GAAP adjusted EBITDA, which is defined by the company and excludes interest, tax, depreciation, amortization, and some other items, is different from net profit. InvestorRoom
Uxin Chairman and CEO Kun Dai said China’s used-car business “has only just begun” to modernize, but he cautioned that real, lasting growth was “not simply about speed.” Now investors have to weigh faster store rollouts against the drag from extra cash needs, bigger inventories and pressure on margins. InvestorRoom
Uxin says it can get scale from China’s used-car market. State media said in January used-car deals in China went over 20 million units in 2025, a new record. Some in the industry said more people are buying cars for practical reasons.
The competitive scene is not the same for everyone. Autohome says it is China’s top online site for car buyers, working with a lighter portal set-up. In the U.S., Carvana focuses on selling used cars online and holds inventory. Uxin’s Chongqing project commits it more to owning inventory.
The downside is clear. In April, Uxin pointed to new-car promotions in China and early-stage superstores as margin pressure. The company’s own liquidity notes list plans for equity and loan financings, bigger sales volumes, and working-capital moves. More stores could mean more revenue, but if cars don’t turn fast, cash needs may also rise.
Next up for investors is the timing of the Chongqing project’s opening and if Uxin can translate higher vehicle volume into more stable margins. The stock isn’t trading like a growth play at this point, but more as a test of execution.
