Fengche (Shanghai) Information Technology Co., Ltd. and Jiangsu Zhongtian Group recently officially signed a strategic cooperation agreement. The two parties will cooperate in areas such as digitalization of the group's used car business and used car auction transactions. Fengche will fully leverage its leading advantages in China's smart digitalization and transaction services for used cars, actively sharing with Zhongtian Group its years of practical experience in digital management, operations, marketing, and transactions of used cars in China. The cooperation will continue to deepen, create value, and help Zhongtian Group achieve digitalization, standardization, and online management of its used car business, further accelerating the development of the group's used car business.

About Changzhou Zhongtian

Changzhou Zhongtian Automobile Group is a group company that markets eight major automobile brands: Infiniti, Dongfeng Nissan, Dongfeng Fengshen, Venucia, Lynk & Co, Lantu, Ora, and BYD. Its business scope includes: new car sales, used car sales, car rental, after-sales maintenance, 24-hour (96889688) roadside rescue service, car beauty and decoration, automobile membership clubs, and the Zongheng 2+1 online service platform, covering the entire automobile marketing industry chain. The group currently has a total operating area of over 100,000 square meters, 10 4S stores, 4 directly operated secondary outlets, annual main business revenue exceeding 1.5 billion yuan, and a total of over 100,000 customer-owned vehicles.

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!"