Fengche and China’s top 100 dealership group, Aotong Group, recently officially signed a cooperation agreement. The two sides will carry out comprehensive cooperation in areas such as the trading of used and scrapped vehicles within the group. Fengche will fully leverage its leading advantages in intelligent digitalization and online transaction services, actively sharing with the group its years of practical experience in the digital management, operation, marketing, and trading of used and scrapped vehicles in China. The cooperation will be continuously deepened to create value, help the group achieve online and transparent processing of replacement and scrapped vehicle businesses, maximize value, and assist the group in generating greater business revenue and sustainable value.

 About Augiton Group

Aojitong Group's automotive business includes seven major brands: Audi, Lincoln, BMW, Jaguar Land Rover, GAC Toyota, FAW-Volkswagen, and Hongqi. Among them, the Audi brand, as a strategic dealer of FAW-Volkswagen Audi, operates a total of 8 Audi 4S stores in Beijing, Shijiazhuang, Hangzhou, Zhengzhou, Chengdu, and Wuxi. The Lincoln brand, as a partner dealer of Lincoln, has a total of 11 Lincoln 4S stores in Beijing, Shijiazhuang, Zhengzhou, Kunming, Changchun, Luoyang, and Nanyang. Brands such as BMW, FAW-Volkswagen, GAC Toyota, Jaguar Land Rover, and Hongqi are also strategic brands with which Aojitong maintains long-term cooperative development.

About Fengche Fengche (Shanghai) Information Technology Co., Ltd. (referred to as "Fengche") is a professional digital trading platform service provider in China. It has received multiple rounds of strategic investments from NYSE-listed companies and Fortune Global 500 companies. With "intelligent digital technology" as its core advantage, Fengche provides professional digital trading service capabilities for automobile manufacturers, 4S dealer groups, and downstream dealers.

Smart Used Cars is a standard business system aimed at dealer groups and vehicle source organizations, covering used car ERP management systems, CRM customer management systems, online marketing systems, BI data analysis systems, financial systems, retail and wholesale channels, and overseas marketing channels. It connects the entire used car industry chain of dealer groups, forming an integrated system that encompasses used car business management collaboration, customer and sales management, business decision-making and intelligence, and transaction services. It collaborates with 4S dealer groups and manufacturers' used car departments to establish standardized operational processes and management systems for used cars, continuously enhancing the digital operation capabilities and value of the used car business.

National Auction is Fengche's nationwide cross-regional B2B trading platform. It connects upstream used car sources from dealer groups, manufacturers, and financial insurance institutions with downstream used car dealers and buyers nationwide. Leveraging leading digital capabilities and advantages, National Auction's core mission is to "reduce circulation costs and improve circulation efficiency," creating value for the industry and customers.

Overseas Cloud (CEA) is China's cross-border e-commerce platform for automotive export. Overseas Cloud is committed to strong partnerships, leveraging each party's advantages, integrating dealer groups and vehicle source organizations, exploring export channels, and connecting domestic manufacturers and dealer groups with overseas channels and buyers online, helping Chinese automobiles create overseas circulation value. By utilizing advanced digital and AI technologies, Fengche connects 25 domestic car manufacturers, 200 4S dealer groups, nearly 10,000 4S stores, and 200,000 used car dealers and buyers online, comprehensively improving efficiency, reducing costs, optimizing benefits, and integrating the upstream and downstream industry chain, maximizing value for all parties involved, and fulfilling its mission to "make business simpler and life better"!