Fengche has signed a cooperation agreement with China's major automaker – GAC Honda. The two sides will work together to leverage AI smart digital trading capabilities to conduct in-depth cooperation in areas such as vehicle replacements and scrapped vehicle transactions. Fengche will fully utilize its leading advantages in AI smart digitalization and nationwide online auction transactions, actively sharing with manufacturers the years of practical experience in digital management, operations, marketing, transactions, and overseas expansion for used and scrapped cars in China. The partnership will continue to deepen, creating value and helping GAC Honda achieve online, transparent, and maximized value management for the used car and scrapped vehicle industry, ultimately helping the manufacturer generate greater business benefits and sustainable value. By leveraging AI and advanced smart digital technologies, greater efficiency and lower circulation costs will be achieved, leading to excellence and leadership in the field!

About GAC Honda  
GAC Honda Automobile Co., Ltd. (referred to as "GAC Honda") was established on July 1, 1998, with its headquarters in Guangzhou, Guangdong Province. It is a Sino-foreign joint venture funded by Guangzhou Automobile Group Co., Ltd. and Honda Motor Co., Ltd. of Japan, with each holding 50% of the shares and a cooperation period of 30 years. The company's registered capital is approximately USD 560 million, making it one of the most representative early joint ventures in China's automotive industry.  

GAC Honda's main business covers the R&D, production, sales, and after-sales services of passenger vehicles, with a product line including sedans, SUVs, MPVs, and new energy models. It owns the 'Honda' brand and the 'Li Nian' brand, with 'Li Nian' being the first independent brand by a joint venture in China. Currently, the company has several production bases, including Huangpu Plant, Zengcheng Plant, and Guangzhou Development Zone Plant, with an annual production capacity exceeding 700,000 vehicles. In addition, GAC Honda has established a nationwide sales and service network with over 500 authorized dealerships.  

Since its establishment, GAC Honda has introduced several classic models, such as Accord, Fit, Odyssey, Avancier, and Breeze, and has launched pure electric vehicles like VE-1 and e:N series, as well as hybrid models like Accord e:HEV and Breeze e:HEV in the new energy sector. The company emphasizes technological R&D and innovation, with its own R&D center capable of independent vehicle research and development. At the same time, GAC Honda actively promotes green manufacturing and remains a leader in environmental protection and energy-saving practices.

With stable product quality and a good market reputation, GAC Honda has repeatedly received honors such as the 'China Automobile Market Quality Credit AAA Enterprise' and 'National User Satisfaction Enterprise.' It has produced and sold over 9 million vehicles in total, making it one of the key players in China's automotive industry.  

The group's business covers cities and regions including Aksu, Anshun, Bayingolin Mongol Autonomous Prefecture, Baishan, Baotou, Baoji, Baoding, Beijing, Cangzhou, Changchun, Changsha, Changzhi, Chenzhou, Chengdu, Chengde, Chifeng, Dalian, Datong, Dongguan, Enshi Tujia and Miao Autonomous Prefecture, Foshan, Fushun, Fuxin, Fuyang, Ganzhou, Guangzhou, Guigang, Guiyang, Guilin, Hami, Haikou, Handan, Hanzhong, Hangzhou, Heze, Hohhot, Huludao, Huaihua, Huanggang, Huizhou, Ji'an, Jilin, Jinan, Jining, Jiangmen, Jieyang, Jinhua, Jincheng, Jingzhou, Kunming, Lanzhou, Langfang, Lijiang, Linfen, Linyi, Longyan, Loudi, Luzhou, Lvliang, Maoming, Meizhou, Nanchang, Nanjing, Nanning, Nantong, Nanyang, Ningbo, Panjin, Pingxiang, Putian, Puyang, Pu'er, Qianxinan Buyei and Miao Autonomous Prefecture, Qinzhou, Qinhuangdao, Qingdao, Qingyuan, Qujing, Quanzhou, Rizhao, Shantou, Shangqiu, Shanghai, Shaoyang, Shaoxing, Shenzhen, Shenyang, Shijiazhuang, Siping, Suzhou, Suizhou, Taizhou, Taiyuan, Tai'an, Tangshan, Tianjin, Tieling, Tongren, Weihai, Weifang, Wenzhou, Wuxi, Wuzhong, Wuhu, Wuhan, Xi'an, Xining, Xiamen, Xianning, Xiangxi Tujia and Miao Autonomous Prefecture, Xiaogan, Xingtai, Xuzhou, Yantai, Yan'an, Yancheng, Yangjiang, Yichang, Yichun, Yongzhou, Yulin, Yueyang, Zaozhuang, Zhanjiang, Zhangjiakou, Zhangye, Zhaotong, Zhengzhou, Zhongshan, Chongqing, Zhoukou, Zhuzhou, Zibo, etc.  

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 investment from NYSE-listed companies and Fortune 500 companies. With 'smart digital technology' as its core strength, Fengche provides professional digital transaction services for car manufacturers, 4S dealership groups, and downstream car dealer channels. So far, it has signed partnerships with over 200 dealership groups, more than 20 car manufacturers, 1,500 dismantling and scrapping plants, and hundreds of thousands of used car buyers. Its nationwide trading business covers more than 200 cities, creating continuous 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, reduces 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!”