Fengche and Guangxi's large dealership group, Guangxi Lianrun Group, recently officially signed a cooperation agreement. The two parties will carry out comprehensive cooperation in areas such as the trading of used and scrapped cars within the group. Fengche will fully leverage its leading advantages in smart digitalization and online transaction services, actively sharing with Lianrun Group the years of practical experience accumulated in digital management, operations, marketing, and transactions of used and scrapped cars in China. The cooperation will be continuously deepened to create value, helping the group achieve online, transparent management of used car business and scrapped car disposal, maximizing value, and assisting the group in generating greater business revenue and sustainable value.

About Lianrun Group

Guangxi Lianrun Industrial Group Co., Ltd. (referred to as "Guangxi Lianrun Group") is a company focused on automotive market development and operations, management of automobile brand 4S stores, and comprehensive passenger vehicle services. It is one of the fastest-growing enterprises in the passenger vehicle service industry in Guangxi. The company has built and operates Lianrun Auto Trade Parks in Baise, Hechi, Liuzhou, and Nanning, and has obtained authorized operations for mainstream car brands including SAIC Volkswagen, General Motors Buick, Changan Ford, Dongfeng Yueda Kia, Chevrolet, Beijing Hyundai, Dongfeng Peugeot, BYD, and Cadillac.
The Lianrun Auto Trade Park covers an area of 100 acres and operates 4S stores for mainstream brands such as SAIC Volkswagen, General Motors Buick, Changan Ford, Dongfeng Yueda Kia, Chevrolet, Beijing Hyundai, Dongfeng Peugeot, Dongfeng Renault, BYD, and Cadillac, along with directly-owned BMW and Mercedes-Benz stores. The park is equipped with a vehicle registration and insurance service center, a used car trading center, an automotive accessories and beauty service center, a car rental service center, an online ride-hailing operation service center, and a comprehensive brand exhibition hall. The project has become Baise's largest, most advanced, fully-equipped, and most influential auto city, creating nearly 1,000 new jobs.

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 500 companies. With "intelligent digital technology" as its core advantage, Fengche provides professional digital trading services for automobile manufacturers, 4S dealer groups, and downstream car dealer channels.

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.

Quanguopai is Fengche's nationwide cross-regional B2B trading platform, linking upstream dealer groups, manufacturers, and financial and insurance institutions' used car sources with downstream used car dealers and buyers across the country. Leveraging advanced digital capabilities and advantages, Quanguopai's core mission is "to reduce circulation costs and improve circulation efficiency," creating value for the industry and clients.

Chuhaiyun (CEA) is China's cross-border e-commerce platform for automobile export. Chuhaiyun is committed to strong collaboration, leveraging various parties' strengths, integrating dealer groups and vehicle source organizations, developing export channels, and connecting domestic manufacturers and dealer groups with overseas channels and buyers online, helping Chinese automobiles create value in overseas circulation.

Using advanced digital and artificial intelligence technology, Fengche connects 25 domestic automobile manufacturers, 200 4S dealer groups, nearly 10,000 4S stores, and 200,000 used car dealers and buyers online. This comprehensively improves efficiency, reduces costs, maximizes upstream and downstream industry chain value, and fulfills the mission of "making business simpler, making life better."