Fengche (Shanghai) Information Technology Co., Ltd. and China Top 100 Dealer Group – Dongjiang Automobile Group recently officially signed a strategic cooperation agreement. The two sides will carry out comprehensive cooperation in areas such as the group's used car digital system and used car auction transactions. Fengche will fully leverage its leading advantages in smart digitalization and online transaction services, actively sharing with Dongjiang Group its years of practical experience in digital management, operation, marketing, and transactions of used cars in China. The cooperation will be continuously deepened to create value and help Dongjiang Group achieve digitalization, standardization, online operation, and process management of its used car business processes, thereby further accelerating the development of the group’s automotive business.

About Dongjiang Automobile Group

Zhejiang Dongjiang Automobile Holding Group Co., Ltd. (referred to as Dongjiang Automobile Group) was established in 1998. After years of development, it now has more than 2,600 employees and owns over 70 wholly-owned and controlling subsidiaries. The company mainly operates brands such as BYD, Geely, Great Wall, GAC, Lynk & Co, Volvo, and XPeng. It also has directly operated subsidiaries including Yongzhihe (installment service business), Yaozhihe (comprehensive business), and new business segments such as Junyi Car Leasing, Car Impression/Car Vision used cars, and Xinhuali New Media. The group headquarters is located in Jiaxing, Zhejiang Province. Leveraging continuous improvement in its management system and diversified innovative services, the group continuously optimizes its brand portfolio. Its business extends across the Yangtze River Delta region, reaching cities including Shanghai, Hangzhou, Ningbo, Jiaxing, and Huzhou, and it serves more than 200,000 retained customers. Dongjiang Automobile Group is capable of providing full-life-cycle services for customers, including vehicle sales, maintenance, used cars, car rentals, beautification and customization, vehicle registration, and other one-stop comprehensive services. Today, Dongjiang Automobile Group has entered a phase of rapid development and consistently adheres to its corporate strategic guidelines of 'localizing brands in China, electrifying products, urbanizing channels, and rejuvenating talent.' It plans for the short, medium, and long term while actively preparing for future challenges.

Since its establishment, Dongjiang Motors has always stayed true to its original aspiration, upholding the talent philosophy of 'putting strivers first: respecting people, developing people, and enabling people.' At the same time, it continuously fulfills its corporate social responsibilities, consistently advancing the company's efforts in environmental protection, social recognition, and employee care, and has received numerous awards from the government, industry, and manufacturers. By 'focusing,' it establishes strategic thinking, carefully shapes customer perception, and earns a good market reputation. Adhering to the corporate mission of 'excellent service, creating a better car life' and the core values of 'sincerity, pragmatism, hard work, and innovation,' the company is committed to becoming a trusted enterprise for customers, a place for employee growth, and a leader in the industry. It strives to contribute to the development of Chinese brands and to the promotion of green and low-carbon growth.

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!"