Fengche (Shanghai) Information Technology Co., Ltd. recently formally signed a cooperation agreement with China’s Top 100 Dealer Group - Shandong Jinyangguang Group. The two parties will carry out comprehensive cooperation in areas such as digital auctions and transactions of used cars within the group. Fengche will fully leverage its leading advantages in smart digitalization and online transaction services, actively sharing with Jinyangguang Group the many years of practical experience it has accumulated in the digital management, operation, marketing, and transactions of used cars in China. The cooperation will be continuously deepened to create value, helping Jinyangguang Group achieve digital, standardized, online, and process-controlled management of its car replacement and scrapped car business, thereby further accelerating the group's automotive business development.

About Jinyangguang Group

Jinyangguang Group was established in 1996, with a core focus on putting customers first, employee recognition, and automotive brand operations. After 25 years of entrepreneurial development, it has ranked 60th among China's top 100 automotive dealership groups, receiving high praise and recognition from both the industry and society. It has been awarded titles such as "Outstanding Contribution Enterprise in China's Automotive Circulation Industry," "Model of Social Responsibility in China's Automotive Circulation Industry," and "Mercedes-Benz Best Dealer Nationwide" by the China Automobile Dealers Association. The Qilu Yangguang brand has been recognized as a well-known trademark in Shandong and a famous service brand in Shandong Province. Currently, the group has 32 subsidiaries, primarily operating 10 major automotive brands, including Mercedes-Benz, Audi, Hongqi, Lexus, SAIC General Motors, SAIC Volkswagen, GAC Toyota, GAC Honda, GAC Trumpchi, and Beijing Hyundai.

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!"