Fengche and Jindao Group, a major Chinese auto dealer group, recently formally signed a cooperation agreement. The two parties will join forces in regions across northwest China including Gansu, Shaanxi, Qinghai and Ningxia. Leveraging AI and digital transaction capabilities, they will carry out in-depth cooperation covering the group’s business scenarios such as trade-in used cars and end-of-life vehicle (ELV) transactions.

Fengche has recently formally signed a strategic cooperation agreement with Jindao Group, a large-scale domestic automobile dealer group. Focusing on the northwest market covering Gansu, Shaanxi, Qinghai, Ningxia and other regions, both parties will carry out all-round in-depth cooperation in trade-in used cars and end-of-life vehicle (ELV) transactions with the support of AI and digital transaction technologies.

Leveraging its leading edge in AI digital systems and online trading services, Fengche will share its years of practical experience accumulated in the used car and ELV sectors, covering digital management, store operation, marketing expansion and online auction trading. By further deepening collaboration and tapping new business value, the partnership will help Jindao Group realize full digitalization and transparent procedures throughout used car sales and ELV disposal, maximize the residual value of stock vehicle assets, steadily boost revenue and profits of the group’s used car division, and build long-term sustainable industrial value.

Founded in 1992, Lanzhou Jindao Automobile Group initially focused on auto parts sales and vehicle maintenance. After a decade of development, the group invested in and built Lanzhou’s first FAW-Volkswagen 4S store in 2002, its first Audi 4S store in 2003, and Jinruibao BMW 4S store in 2008. The launch and operation of these three dealerships marked the group’s shift toward specialized auto sales and services, laying a solid foundation for its long-term growth.

Adhering to the service philosophy of “Warm Hearts, Professional Expertise”, Jindao Group has always put customers at the center of its operations. Through years of experience accumulation and customer-centric services, it has earned wide recognition from customers and the public.

In 2010, the group developed Lanzhou Anning International Auto City, now one of Northwest China’s largest auto retail and service complexes. It later built Qingyang Longdong Auto City in Gansu Province in 2012. The operation of these two large auto complexes drove Jindao Group’s large-scale expansion.

The group’s business footprint covers key provinces including Gansu, Shaanxi, Ningxia and Jiangsu, with an industrial chain spanning auto industrial parks, auto malls and branded 4S dealerships. Its brand portfolio includes BMW, BMW MINI, Audi, FAW-Volkswagen, Jetta, Hongqi and WEY. Today, the group operates more than 18 4S stores with a workforce of over 1,700 employees.

Fengche (Shanghai) Information Technology Co., Ltd. (“Fengche” for short) is a professional digital trading platform service provider in China. The company has secured multiple rounds of strategic investment from NYSE-listed enterprises and Fortune Global 500 corporations. Centered on intelligent digital technology, Fengche delivers professional digital trading solutions for auto manufacturers, 4S dealer groups and downstream used car merchants.

Tailored for dealer groups and vehicle resource institutions, the Intelligent Used Car System is a standardized business suite integrating used car ERP management, CRM customer management, online marketing, BI data analytics, financial management, retail & wholesale channels, and overseas marketing channels. It connects all segments of a dealer group’s used car industrial chain into an integrated platform covering used car operation coordination, customer & sales management, intelligent business decision-making and full trading services. Working alongside used car departments of 4S dealer groups and OEMs, Fengche establishes standardized workflows and operational systems to continuously boost the digital operational efficiency and asset value of used car businesses.

Quanguo Pai is Fengche’s nationwide cross-regional B2B trading platform. It sources used car inventories from upstream partners including dealer groups, vehicle manufacturers, financial and insurance institutions, and connects them with used car dealers and buyers across the country. Driven by cutting-edge digital capabilities, Quanguo Pai takes “cutting circulation costs and improving transaction efficiency” as its core mission to create tangible value for the automotive industry and all clients.

China Export Auto Cloud (CEA) is a cross-border e-commerce platform for Chinese vehicle exports. Built on strategic partnerships, CEA integrates resources from dealer groups and vehicle suppliers to expand overseas export channels. It digitally links domestic automakers and dealer groups with overseas distributors and buyers, unlocking global circulation value for Chinese vehicles.

Powered by advanced digital and artificial intelligence technologies, Fengche interconnects 25 domestic auto manufacturers, 200 4S dealer groups, nearly 10,000 individual 4S stores, and 200,000 used car dealers and buyers online. The platform comprehensively optimizes operational efficiency, reduces overall costs, integrates upstream and downstream industrial chains, and maximizes value for all industry participants. Fengche lives up to its corporate mission: “Simplify Business, Better Lives.”