Fengche has recently formally signed a cooperation agreement with Guangdong Youdao Group, a large-scale auto dealer group in China. The two parties will collaborate across South China regions. By leveraging AI and digital transaction capabilities, they will carry out in-depth cooperation covering the group’s trade-in used car and end-of-life vehicle (ELV) trading businesses.
Giving full play to its leading strengths in AI-powered digital intelligence and online trading services, Fengche will share with Youdao Group its years of in-depth practical experience in the digital management, operation, marketing and trading of used cars and end-of-life vehicles within China. Both sides will continuously deepen cooperation and generate tangible value. The partnership will help the group realize full digitalization and transparency in used car operations and ELV disposal to maximize residual asset value, delivering greater business revenue and sustainable long-term value to the group.
About Youdao Group
Guangdong Youdao Automobile Group Co., Ltd. was founded in September 2002. Its core businesses cover automobile sales and supporting automotive services, with a full-life-cycle automotive service system established. Centered on Guangdong, Guangxi and Hunan, its business footprint spans 22 cities across three provinces. The group operates more than 40 brand 4S dealerships and over 100 sales & service outlets. From 2017 to 2021, its annual operating revenue stood at approximately RMB 5 billion. It serves as a core strategic dealer of Great Wall Motors.
Over 21 years of development, the group has kept innovating its services while staying true to its original aspiration. Through diligent governance and pioneering progress, it has forged an outstanding path in the auto sales sector. The group maintains deep partnerships with multiple competitive mainstream automotive brands, including Great Wall Haval, Great Wall WEY, Great Wall ORA, Great Wall Pickup, Great Wall New Energy, SAIC Volkswagen and SAIC MG. It has been listed among China Top 100 Auto Dealer Groups by the China Automobile Dealers Association for 13 consecutive years, awarded the title of "Famous Brand Enterprise of Guangdong Province", and received numerous honors from provincial & municipal auto associations and vehicle manufacturers. It ranks among the Top 10 auto dealer groups in Guangdong Province.
About Fengche
Fengche (Shanghai) Information Technology Co., Ltd. (referred to as “Fengche”) is a professional digital trading platform service provider in China. It has secured multiple rounds of strategic investment from NYSE-listed enterprises and Fortune Global 500 companies. Centered on intelligent digital technology as its core competitive edge, Fengche delivers professional digital trading solutions for automakers, 4S dealer groups and downstream used car merchants.
Intelligent Used Car System
Developed as a standardized business suite for dealer groups and vehicle resource institutions, the Intelligent Used Car System integrates used car ERP management, CRM customer management, online marketing, BI data analytics, financial management, retail & wholesale channels as well as overseas marketing channels. It connects the entire used car industrial chain of dealer groups into an all-in-one platform that covers collaborative business administration, customer & sales management, intelligent business decision-making and full trading services. Working hand in hand with used car divisions of 4S dealer groups and OEMs, Fengche builds standardized workflows and operational systems for used car businesses, continuously elevating digital operation efficiency and asset value.
Quanguo Pai
Quanguo Pai is Fengche’s nationwide cross-regional B2B trading platform. It aggregates used car inventories from upstream partners including dealer groups, automakers, financial and insurance institutions, and connects them with used car dealers and buyers nationwide. Empowered by cutting-edge digital technologies, Quanguo Pai takes "reducing circulation costs and improving transaction efficiency" as its core mission to create tangible value for the whole industry and all clients.
China Export Auto Cloud (CEA)
China Export Auto Cloud (CEA) is a cross-border e-commerce platform dedicated to Chinese vehicle exports. Committed to win-win strategic alliances, CEA integrates resources of dealer groups and vehicle suppliers to expand export channels. It digitally links domestic automakers and dealer groups with overseas distributors and buyers, unlocking global circulation value for Chinese vehicles.
Driven by advanced digital and artificial intelligence technologies, Fengche interconnects 25 domestic automakers, 200 4S dealer groups, nearly 10,000 standalone 4S stores, and 200,000 used car dealers and buyers online. The platform comprehensively boosts operational efficiency, cuts costs, integrates upstream and downstream industrial chains, and maximizes value for all stakeholders. Fengche fulfills its corporate mission: "Simplify Business, Better Lives."