Fengche has signed a cooperation agreement with one of China's major car dealership groups, Huanyao Group. The two sides will join forces to leverage AI-powered digital trading capabilities and collaborate deeply in scenarios such as dealership vehicle replacement and scrap vehicle transactions. Fengche will fully utilize its leading strengths in AI smart digitalization and nationwide online auctions, actively sharing with the dealership group years of experience in the digital management, operations, marketing, trading, and overseas expansion of used and scrapped cars. They aim to continuously deepen cooperation, create value, and help Huanyao Group achieve online, transparent, and value-maximized operations for used car sales and scrap vehicle disposal, ultimately helping the dealership group generate greater business revenue and sustainable value. By leveraging AI and advanced smart digital technology, they aim to achieve excellence and leadership through higher circulation efficiency and lower circulation costs!

About Huanyao Group  
Huanyao Group was established in August 2002, with its headquarters located at the intersection of Beijing’s Olympic and Wangjing business districts, covering more than 5,000 square meters. The company owns multiple wholly-owned subsidiaries and several BYD 4S stores, including BYD Beijing Huanyao Sales & Service Store, BYD Beijing Junpeng Weiye Sales & Service Store, and BYD Tangshan Huanyao Sales & Service Store, as well as insurance brokerage and property management companies. Its operations cover vehicle sales, maintenance services, spare parts supply, car rental, insurance claims, and used cars. Huanyao is an authorized dealer for all BYD models and among BYD's first designated new energy vehicle agents. The group operates in cities including Beijing, Taiyuan, Tangshan, and Tianjin.

About Fengche  
Fengche (Shanghai) Information Technology Co., Ltd. (referred to as "Fengche") is a professional digital trading platform service provider in China. It has received multiple rounds of strategic investment from NYSE-listed companies and Fortune 500 firms. Centered on “smart digital technology” as its core advantage, Fengche provides professional digital trading services to automakers, 4S dealer groups, and downstream car dealer channels. To date, it has signed contracts with over 200 dealer groups, more than 20 car manufacturers, 1,500 dismantling and scrapping plants, and hundreds of thousands of used car buyers. Its nationwide trading operations cover more than 200 cities, creating sustainable value for upstream and downstream clients through unique digital technology.

Smart Used Cars is a standard business system aimed at dealer 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, as well as overseas marketing channels. It connects the entire used car industry chain for dealer groups, forming an integrated system covering used car business management collaboration, customer and sales management, business decision-making and intelligence, and transaction services. It works with 4S dealer groups and OEMs’ used car departments to establish standardized workflows and operation systems for used cars, continuously enhancing the digital operation capabilities and value of the used car business.

QuanGuoPai is FENGCHE’s nationwide cross-regional B2B trading platform. Upstream, it links dealer groups, manufacturers, and financial and insurance institutions’ used car sources; downstream, it connects used car dealers and buyers nationwide. Leveraging its leading digital capabilities and advantages, QuanGuoPai’s core mission is "to reduce circulation costs and improve circulation efficiency," creating value for the industry and customers.

Chuhai Cloud (CEA) is China’s auto cross-border e-commerce platform. Chuhai Cloud focuses on strong partnerships, leveraging each party’s strengths, integrating dealer groups and car source agencies, and expanding export channels. It connects domestic manufacturers and dealer groups with overseas channels and buyers online, helping Chinese cars create value in overseas circulation.

FENGCHE uses advanced digital and AI technologies to connect 25 domestic car manufacturers, 200 4S dealer groups, nearly 10,000 4S stores, and 200,000 used car dealers and buyers online. It fully improves efficiency, lowers costs, enhances effectiveness, connects upstream and downstream industry chains, maximizes value for all parties, and practices the mission of "making business simpler, making life better"!