Jun. 20 at 3:10 AM
$UXIN Kun Dai is putting his money where his mouth is through personal and business investments in UXIN. 50 superstore, Omni channel goal by 2030 with an annual sales volume target of 1Mils vehicles. This compares to CVNA today at 600k. The growth will need to be meteoric over the next three years to achieve that end, and a valuation of
$0.4B will seem ludicrous. In the interim, the Company will likely struggle financially under liquidity pressure/dilution, as they continue to scale their business. Ultimately-success (1Mils annual sales at reasonable margins) here looks like 10-50X (IMO), but they must execute to their plan (EMPHASIS) to reach that successful aspiration
https://www.stocktitan.net/sec-filings/UXIN/6-k-uxin-ltd-current-report-foreign-issuer-783c5de00a34.html
