Stock Track | Uxin Soars 6.02% in Pre-Market on $50 Million Investment from NIO Capital and Prestige Shine

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Uxin Limited (Nasdaq: UXIN) surged 6.02% in pre-market trading Friday after announcing a $50 million equity investment from affiliates of NIO Capital and Prestige Shine Group. The funding will support the company's aggressive expansion of its used-car superstore network in China.

Under the agreement, Uxin will issue 5.25 billion Class A ordinary shares at $0.00953 per share (equivalent to $2.859 per ADS). NIO Capital affiliates will invest $20 million, while Prestige Shine contributes $30 million. The proceeds are earmarked for launching 4-6 new superstores in 2026 and strengthening the company's financial position.

The investment comes alongside Uxin's improving operational metrics, including a 7.5% gross margin in its latest quarter and a doubling of retail vehicle sales year-over-year. CEO Kun Dai emphasized that the funding reflects long-term investors' confidence in Uxin's omni-channel strategy and growth potential in China's used-car market.

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