Fengche and Jinlong Group recently officially signed a cooperation agreement. The two parties will carry out comprehensive cooperation in areas such as the group's used car and scrapped car transactions. Fengche will fully leverage its leading advantages in intelligent digitalization and online transaction services, actively sharing its years of practical experience in digital management, operations, marketing, and transactions of used cars in China with the group. The cooperation aims to continually deepen collaboration, create value, help the group achieve online, transparent, and value-maximizing management of used cars and scrapped car disposal, and assist the group in generating greater business revenue and sustainable value.

It is worth mentioning that three years ago, Fengche partnered with Jiesheng Group, a large Porsche dealership group headquartered in Hong Kong. To this day, the collaboration between the two parties has continued to deepen—from digital solutions to used car retail, auction transactions, and after-sales services, the areas of cooperation have been constantly expanding. By continuously extending our service value, we have earned high recognition from our clients. Today, we are fortunate to collaborate with another large luxury brand dealership group, Jinlong Group, also headquartered in Hong Kong. Thanks to our deep industry expertise and our core philosophy of putting customer value first and continuously creating sustainable value, we have gained widespread recognition from both the industry and our clients.

About Jinlong Group

Jinlong Automobile Group is a luxury car dealership group, established in Hong Kong in 1983, with its headquarters in Hong Kong. Its business spans the Guangdong-Hong Kong-Macao Greater Bay Area, primarily representing brands under the Volkswagen Group, including Audi, Bentley, Lamborghini, Porsche, and Volkswagen. The group also represents Aston Martin, Mercedes-Benz, Kia, Hyundai N, Hongqi Jinkuihua, as well as new energy vehicle brands such as EXEED and ZEEKR, operating over 38 4S and service centers. Each year, the group sells a total of 25,000 vehicles and provides after-sales services for nearly 300,000 cars, maintaining a customer base of nearly 150,000 active clients and employing 2,300 staff, making it one of the most influential car dealership groups in South China. In recent years, amid the rapid expansion of the electric vehicle market, the group has kept pace and, in 2023, became the importer and dealer of the ZEEKR brand in the Hong Kong and Macao markets.

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!"