Fengche and Guangdong Huida Automobile Group recently officially signed a cooperation agreement. The two sides will carry out comprehensive collaboration 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 Guangdong Huida Automobile Group its years of in-depth practical experience in digital management, operations, marketing, and transactions of used cars in China. The cooperation aims to continuously deepen the partnership, create value, help the group achieve online and transparent management of the used car and vehicle disposal business, maximize value, and assist the group in generating greater business revenue and sustainable value.

About Huida Group

Huida Automobile Group was established in the early 1990s, growing from a motorcycle sales and purchase department into a professional, large-scale, and strong private automotive chain enterprise with more than 20 branches, over 50 after-sales service outlets, and more than 1,000 employees.
Guangdong Huida Automobile Group is one of the leading multi-brand car dealers and service providers in the Huizhou area. Under the leadership of Chairman Mr. Li Guanghui, after more than 20 years of development, the group now has over 1,000 professional employees, 27 brand-name flagship car sales stores, and more than 50 specialized maintenance service outlets. The group’s business scope covers brand car sales, car maintenance, used cars, car decoration and beauty services, car clubs, and other automotive industry chain projects. Currently, the group operates 4S flagship stores for 11 well-known car brands, including Dongfeng Honda, Dongfeng Yueda Kia, SAIC-GM-Wuling Baojun, SAIC Roewe, FAW Volkswagen, FAW Mazda, GAC Mitsubishi, Chery, Subaru, LYNK & Co, and Cowin. Additionally, it owns various enterprises such as Huida Aojie Auto Supermarket, Huida Selected Used Cars, Huida Chenjiang Luxury Car Store, Boluo Huida Comprehensive Store, Huida Body & Paint Quick Repair Center, Huida Auto Finance, and Zuncar Harbor Auto Boutique. During its operations, the group has received high praise from consumers and recognition from regulatory authorities, earning numerous corporate honors, including the "Integrity Management Model Store Unit" and others.

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!"