Fengche (Shanghai) Information Technology Co., Ltd. and China's Top 100 Dealer Group - Jiangsu Haipeng Group recently officially signed a cooperation agreement. The two parties will carry out comprehensive cooperation in areas such as digital auctions of used cars and scrapped vehicles within the group. Fengche will fully leverage its leading advantages in smart digitalization and online transaction services, actively sharing with Haipeng 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 Haipeng Group achieve digital, standardized, online, and process-controlled management of the group's vehicle replacement and scrapped car businesses, further accelerating the development of the group's automotive business.

About Haipeng Group

Since its establishment, Jiangsu Haipeng Group has adhered to the core values of "customer-centered, based on the efforts of its employees, focusing on talent development and growth, benchmarking management, and continuous innovation." It has now developed into a comprehensive group company with over 170 subsidiary enterprises, more than 2,500 employees, and nearly 4 billion yuan in sales. As the core of Haipeng Group's industry, the automotive sector has continuously grown through years of exploration and operation.

The Haipeng Automobile brand currently has 51 stores, including 3 luxury brand stores, 8 joint venture brand stores, 5 independent brand stores, 30 new energy brand stores, and 5 derivative business brand stores. Its outlets are spread across Wuxi, Jiangyin, Yixing, Taizhou, Changzhou, Zhangjiagang, Yancheng, and other areas, covering mid-to-high-end automotive brands such as Mercedes-Benz, Cadillac, Buick, Lynk & Co, Chevrolet, SAIC Maxus, Dongfeng Nissan, FAW-Volkswagen, Beijing Hyundai, Geely, Smart, IM Motors, AITO, Chery Fulwin, Xpeng Motors, and GAC Aion. The company has achieved a full-service chain development that integrates new car sales, insurance, finance, automotive accessories, vehicle trade-in, car rental, automobile maintenance, and used car transactions, and for more than ten years has consistently been ranked among the "Top 100 Dealers in China's Automobile Circulation Industry".

Integrity as the foundation, customer respect as the priority, Haipeng Pharmaceutical is dedicated to creating a caring and professional service environment for its customers, committed to the health industry, and striving to become a century-old enterprise. Currently, Haipeng Pharmaceutical has 100 directly-operated stores, employs more than 400 staff, and has an annual sales revenue exceeding 200 million yuan. The company headquarters features a modern warehouse logistics distribution center and office space of over 10,000 square meters, equipped with cold storage, cool storage, room temperature storage, and professional pharmaceutical testing equipment. In 2018, Haipeng Pharmaceutical was acquired by the national listed pharmaceutical chain group “Laobaixing” and became its subsidiary.

In the field of special vehicle manufacturing, we have always adhered to technology research and development as our core competitiveness, establishing our own research center. Our products are widely used in domestic logistics, offshore engineering, petroleum, shipbuilding, aviation, and other fields. While deeply cultivating the domestic special vehicle market, our products have long been exported to Australia, Southeast Asia, as well as Europe and the United States. In the face of a rapidly changing market environment, Jiangsu Haipeng Group remains humble and progressive, aiming for higher standards to create new brilliance!

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!"