Fengche has signed a cooperation agreement with Tianzi Group, a Chinese automotive dealer group. Both parties will join hands to leverage AI intelligent digital transaction capabilities to carry out deep cooperation in dealer group trade-in and scrapping transaction scenarios. Fengche will fully leverage its leading advantages in AI intelligent digitalization and nationwide online auction transactions, actively sharing years of deep practice in digital management, operation, marketing, trading, and overseas expansion of used and scrapped cars in China with dealer groups, continuously deepening cooperation, creating value, helping Tianzi Group achieve online and transparent used car and scrap car disposal, maximizing value, and helping dealer groups generate greater business returns and sustainable value. With AI and leading intelligent digital technologies, achieving excellence and leadership with higher circulation efficiency and lower circulation costs! 

About the Tianzi Group
Xi'an Tianzi Automobile Group was established in 1994 and has been involved in the automotive industry for nearly thirty years. It also has two main divisions: the taxi division and the new car sales division, employing over 4,500 staff. The taxi division includes more than ten taxi companies such as Tianzi Taxi, Dazhong Taxi, and Wanli Taxi, as well as an online taxi platform, providing over ten million car trips annually to the public. The new car sales division also owns two major car brands, Geely and BYD, with a total of 14 car sales outlets/companies, integrating new car sales, after-sales service, corporate sales, foreign trade, and used car business, aiming to build a complete automotive sales and aftermarket industry chain. 
Xi'an Tianzi Automobile Group adheres to the corporate service philosophy of "dedication, focus, sincerity, meticulousness, and sincerity." Continuously optimizing service processes and enhancing professional capabilities and service quality. Upholding the principle of "service enhancing value," it provides professional, distinctive, and high-quality new energy vehicle services to a broad range of car users, jointly building a bright future for China's new energy vehicles. 
The group's business covers cities such as Xi'an. Its main business is brands such as BYD. 

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 Global 500 companies, leveraging "smart digital technology" as its core advantage to provide professional digital transaction services for automakers, 4S dealer groups, and downstream automaker channels. To date, it has signed agreements and partnerships with over 200 dealer groups, more than 20 automakers, 1,500 dismantling and scrapping plants, and hundreds of thousands of used car buyers. Its nationwide trading business covers more than 200 cities, leveraging unique digital technology to create lasting value for upstream and downstream customers.

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!”