Fengche (Shanghai) Information Technology Co., Ltd. recently formally signed a strategic cooperation agreement with Shandong Yitong Group, one of China’s top 100 dealership groups. The two parties will carry out comprehensive cooperation in areas such as the group’s used car digital platform and used car auction transactions. Fengche will fully leverage its leading advantages in China’s used car digitalization and transaction services, actively sharing with Yitong Group its years of practical experience in digital management, operations, marketing, and transactions of used cars. The collaboration will continue to deepen, creating value and helping Yitong Group achieve digital, standardized, and online operations for vehicle trade-ins and scrapped car businesses, further accelerating the development of the group’s used car business.

About Yitong Auto Trade (Group)

Yitong Auto Trade (Group) Co., Ltd. was established in May 2001 and ranked 40th among China's top 100 car dealers in 2023. It is a large professional auto trade group focused on automobile sales and services. The group operates the following brands: it holds dealership rights for BMW, Cadillac, Infiniti, Volvo, Polestar, Dongfeng Honda, GAC Honda, FAW Toyota, Great Wall Tank, Great Wall WEY, Great Wall ORA, Dongfeng Nissan, Dongfeng Venucia, Dongfeng Peugeot, Dongfeng Citro?n, GAC Trumpchi, Changan Ford, and Changan Oushang, totaling 20 brands with over 40 4S dealerships, spread across 6 cities in the provinces of Shandong, Shanxi, and Jiangsu. The group has also established the Zhongxin Zhibao Luxury Car Maintenance Service Center and the Marelli Comprehensive Maintenance Center.

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!"