Fengche and one of China's top 100 dealership groups, Guangdong Juncheng Automobile Group, recently formally signed a cooperation agreement. The two parties will carry out comprehensive cooperation in areas such as the group's used car and end-of-life vehicle transactions. Fengche will fully leverage its leading advantages in smart digitalization and online transaction services, actively sharing with Juncheng Group the long-term practical experience accumulated in China in digital management, operations, marketing, and transactions of used and end-of-life vehicles. The cooperation will be continuously deepened to create value, helping the group achieve online, transparent, and value-maximizing used car and end-of-life vehicle management, ultimately helping the group generate greater business revenue and sustainable value.

About Juncheng Group 

Juncheng Automobile Group was established in the 1990s and is a large automobile sales group integrating vehicle sales, maintenance services, parts supply, and used car exchanges, among other diversified automotive services.

The group is based in Guangdong and operates nationwide. Following a development model of 'group management, cross-regional operations, and brand-oriented operations,' it currently owns more than 30 exclusively franchised 4S brand stores, imported car cities, and automotive markets. Its 4S cooperative brands mainly include GAC Toyota, GAC Honda, Dongfeng Honda, Beijing Hyundai, Shanghai GM Buick, Chevrolet, GAC Fiat, GAC Mitsubishi, and Isuzu. The imported luxury car brands it deals with include Mercedes-Benz, BMW, Porsche, and Land Rover, among many others.

The group's automotive business spans Guangzhou, Shenzhen, Foshan, Meizhou, Shaoguan, Jiangmen, Shantou, Qingyuan, Wuzhou, Nantong, Lianyungang, and other locations. It currently employs nearly 2,000 staff, with an annual sales volume exceeding 20,000 vehicles, including 2,000 imported cars, total sales surpassing 2 billion RMB, and hundreds of thousands of loyal customers, enjoying a high reputation in the automotive industry in Guangdong and even nationwide.

About Fengche

Fengche (Shanghai) Information Technology Co., Ltd. (referred to as “Fengche”) is a professional digital transaction 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 transaction service capabilities for automobile manufacturers, 4S dealership groups, and downstream car dealer channels.

Smart Used Cars is a standard business system designed for dealership groups and car source agencies. It covers 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 dealership groups, forming an integrated system covering used car business management collaboration, customer and sales management, business decision-making and intelligence, and transaction services. It collaborates with 4S dealership groups and OEMs' used car departments to establish standardized processes and operational systems for used cars, continuously enhancing the digital operation capabilities and value of the used car business.

Quanguo Pai is Fengche's nationwide cross-regional B2B transaction platform. Upstream, it connects dealership groups, manufacturers, and financial and insurance institutions with used car sources; downstream, it connects used car dealers and buyers nationwide. Leveraging its advanced digital capabilities and advantages, Quanguo Pai’s core mission is "to lower circulation costs and improve circulation efficiency," creating value for the industry and clients.

Chuhai Yun (CEA) is China's cross-border e-commerce platform for automobile exports. Chuhai Yun is committed to strong collaboration, leveraging each party's strengths, integrating dealership groups and car source agencies, expanding export channels, and connecting domestic manufacturers and dealership groups with overseas channels and buyers online, helping Chinese automobiles create value in overseas circulation.

By leveraging advanced digital and AI technology, Fengche connects 25 domestic automobile manufacturers, 200 4S dealership groups, nearly 10,000 4S stores, and 200,000 used car dealers and buyers online, comprehensively improving efficiency, reducing costs, enhancing effectiveness, and connecting upstream and downstream industry chains to maximize value for all parties, practicing the mission of "making business simpler and life better!"