Fengche and China's leading online freight platform, Chiwan Oriental Group, recently officially signed a cooperation agreement. The two parties will carry out comprehensive cooperation in areas such as digital auction transactions for the disposal of the Group's commercial vehicles. Fengche will fully leverage its leading advantages in smart digitalization and online transaction services, and actively share with Chiwan Group its years of practical experience in digital management, operation, marketing, and transactions of used cars in China. The cooperation will continue to deepen, creating value and helping Chiwan Group achieve digital, standardized, online, and transparent management of its commercial vehicle disposal business, while assisting Chiwan Group in generating sustainable value.

About Chiwang Oriental Group

Chiwan Oriental is a successor to Shenzhen Chiwan Freight Co., Ltd., which was established in 1986. It is a wholly-owned subsidiary of China Nanshan Development (Group) Co., Ltd. and one of the earliest road transport enterprises in Shenzhen. As a fully-owned subsidiary of China Nanshan Group, it is a large-scale comprehensive modern logistics enterprise that integrates logistics network operations, supply chain management, and logistics park operations, specializing in third-party logistics. Relying on the strong strength of China Nanshan Group, the company has established a logistics service network platform that spans the country and connects globally. Its business covers container truck transportation, trunk line transportation, regional distribution, less-than-truckload specialized lines, bonded warehousing, non-bonded warehousing, park logistics, project logistics, and more.
By the end of 2019, the company had a registered capital of 600 million yuan and net assets of 3.23 billion yuan. It has established 33 branches nationwide, owns over 2,000 self-operated tractors, more than 5,000 semi-trailers, and additionally controls over 30,000 subcontracted vehicles. The company employs more than 3,200 people and operates 35 logistics parks (including 32 Baowan logistics parks), covering more than 20,000 mu of land.

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!"