Fengche (Shanghai) Information Technology Co., Ltd. recently officially signed a cooperation agreement with the well-known freight platform Huolala. The two parties will carry out comprehensive cooperation in areas such as second-hand vehicle asset transactions and bulk commercial vehicle disposal. Fengche will fully leverage its leading digital capabilities and platform advantages accumulated in China's used car sector to assist Huolala Group in asset disposal and business process digitalization, standardization, online management, and process control, achieving added value for second-hand vehicle assets and helping the group create sustainable value.
In addition to assisting Huolala Group in disposing of second-hand vehicle assets through the National Auction Platform, Fengche will also integrate Huolala's logistics services on the platform, enabling seamless connection for logistics dispatch and order acceptance between the two platforms. This allows transactions for second-hand vehicles, scrapped vehicles, and asset vehicles on the National Auction Platform to be supported by digital logistics services, facilitating smooth cross-regional circulation across the country and in the Guangdong-Hong Kong-Macao Greater Bay Area. Buyers of second-hand vehicles who require logistics services can place orders online with a single click, further enhancing the user experience. Huolala's international reach, covering 11 countries and regions worldwide, will also bring mutually beneficial opportunities for the global development of Fengche and the National Auction Platform's cross-border business.

About Huolala

Huolala is a platform for freight transport, moving, errands, and long-distance services. Founded in 2013 and growing in the Guangdong-Hong Kong-Macao Greater Bay Area, it operates in same-city and intercity freight transport, enterprise logistics services, moving, less-than-truckload shipping, errands, cold chain transport, car rental and sales, as well as aftermarket services through an internet logistics marketplace. By integrating social transport resources through a sharing model, it ensures massive transport capacity reserves. Leveraging mobile internet, big data, and artificial intelligence technologies, it has built a "convenient, technological, and reliable" freight platform that enables instant intelligent dispatch of various vehicle types, providing efficient logistics solutions for individuals, merchants, and enterprises. As of June 2024, Huolala's business covers 11 global markets, including China, Southeast Asia, South Asia, and South America. In mainland China alone, it covers a total of 363 cities, with 1 million monthly active drivers and 13.5 million monthly active users.

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!"