Fengche (Shanghai) Information Technology Co., Ltd. recently officially signed a cooperation agreement with China’s top 100 dealer group, China Hexie Group. The two parties will carry out comprehensive cooperation in areas such as digital auction transactions for the group's used and scrapped cars. Fengche will fully leverage its leading advantages in smart digitalization and online transaction services, actively sharing with Hexie Group its years of practical experience in digital management, operations, marketing, and transactions of used cars in China. The cooperation will continue to deepen, creating value and helping Hexie Group achieve digital, standardized, online, and process-controlled management of its used car replacement and scrap car businesses, further accelerating the development of the group's automotive business.

About Harmony Group

Harmony Auto is a leading pure luxury and ultra-luxury automobile dealership group in China, listed on the Hong Kong Main Board in 2013 (stock code: 03836.HK). The company focuses on the core business of luxury and ultra-luxury car sales, representing top brands such as Rolls-Royce, Bentley, Ferrari, BMW, and Lexus. In 2023, Harmony Auto established strategic partnerships with China’s leading new energy vehicle brands, including BYD and Denza, supporting the national Belt and Road Initiative and actively promoting the development of new energy vehicles in China. As of December 31, 2024, Harmony Auto has a total of 132 authorized dealerships worldwide, including 79 domestic and 53 overseas. Within China, it operates 14 luxury and ultra-luxury brands, with a service network covering 40 cities in 17 provinces. Harmony Auto aspires to build a respected century-old enterprise, deeply focusing on luxury and ultra-luxury car sales, actively embracing the electrification and smart transformation of luxury vehicles, and continuously exploring new digital and electric business models for traditional dealerships. The company remains dedicated to providing customers with efficient, convenient, and harmonious high-quality mobility 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!"