Fengche has signed a cooperation agreement with China's car dealership group, Yuanzhe Group. The two sides will join forces and leverage AI-powered smart digital trading capabilities to collaborate deeply in scenarios such as dealership group vehicle replacement and scrapping transactions. Fengche will fully utilize its leading advantages in AI-driven digitalization and nationwide online auctions, actively sharing with the dealership group its years of practical experience in digital management, operations, marketing, trading, and overseas expansion in China’s used car and scrapped car markets. The goal is to continuously deepen the cooperation, create value, help Yuanzhe Group achieve online, transparent, and maximized value in used car and scrapped car handling, and assist the dealership group in generating greater business revenue and sustainable value. With AI and advanced smart digital technology, higher circulation efficiency and lower circulation costs can be achieved, leading to excellence and leadership! 

About Yuanzhe Group
Yuanzhe Auto Group Co., Ltd. is an auto sales and service group founded in 1999. It represents vehicle sales and after-sales services for brands including SAIC Motor Group, covering new car sales, maintenance, parts supply, auto financing, and used car trading. Its main brands include SAIC Volkswagen, Skoda, Roewe, MG, and more, with multiple 4S stores where customers can see, buy, and maintain cars all in one location, covering Zhejiang, Fujian, Guangdong, Hubei, Anhui, Gansu, and other regions. The group’s business spans cities like Hangzhou, mainly managing brands such as SAIC Volkswagen.

About Fengche
Fengche (Shanghai) Information Technology Co., Ltd. (referred to as "Fengche") is a professional digital trading platform provider in China. It has received multiple rounds of strategic investments from NYSE-listed companies and Fortune 500 enterprises. Centered on "smart digital technology," Fengche provides professional digital trading services for car manufacturers, 4S dealership groups, and downstream car dealer channels. To date, it has partnered with over 200 dealership groups, more than 20 car manufacturers, 1,500 dismantling and scrapping facilities, and hundreds of thousands of used car buyers. Its nationwide trading operations cover over 200 cities, creating ongoing 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!”