Fengche and Hubei Dongshengyuan Group recently officially signed a cooperation agreement. The two parties will carry out comprehensive cooperation in areas such as the digital auction and trading of used and scrapped vehicles within the group. Fengche will fully leverage its leading advantages in intelligent digitalization and online trading services, actively sharing with Dongshengyuan Group its years of practical experience in digital management, operation, marketing, and transaction of used cars in China. The cooperation will continue to deepen, creating value and helping the group realize digital, standardized, online, and process-controlled management of its used car replacement and scrapped car businesses, thereby further accelerating the development of the group’s automotive business.

About Dongshengyuan Group

Hubei Dongshengyuan Automobile Trade Group Co., Ltd. (hereinafter referred to as Dongshengyuan Group) was established in 2006 and is located in PanHai International SOHO City, Wuhan, Hubei Province. It is an automobile dealership group that provides full-service care for both vehicle sales and after-sales maintenance. Since its establishment, Dongshengyuan Group has set up 24 4S stores in multiple provinces and cities across the country, mainly dealing in more than a dozen mid-to-high-end automobile brands, including Mercedes-Benz, BMW, Lexus, Cadillac, Volvo, SAIC Volkswagen, GAC Aion, Changan Ford, Dongfeng Honda, Dongfeng Nissan, Dongfeng Fengshen, Mercedes-Benz trucks, Dongfeng Commercial Vehicles, and others. Dongshengyuan Group is dedicated to providing comprehensive quality services to more brands and customers.
We adhere to the business philosophy of "People-oriented, Three Joys," which is the service principle of "the joy of buying, the joy of selling, and the joy of creating." We fully leverage the advantages of 4S store specialization to provide attentive service throughout the entire process, from vehicle sales to after-sales maintenance. We uphold the corporate culture of "love people, love cars, love life," allowing every customer with different tastes and needs to fully enjoy the car-buying experience and experience exceptional personalized after-sales service quality.
We pursue the corporate goal of "professional technology, sincere service." All company managers and technical staff undergo professional training and assessment, obtain certifications, and form a high-quality management and service team with strong technical capabilities, ensuring that clients' vehicles receive meticulous care. Our comprehensive sales services and specialized maintenance services aim to provide every customer with the most satisfying service.
We convey our core corporate values of "Responsibility, Value, Care, Joy" and continuously move forward, striving for the sustainable, healthy, and rapid development of the enterprise. Employees of Hubei Dongshengyuan are passionate and confident, wholeheartedly providing users with newer, better, and more complete services.

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!"