Fengche has signed a cooperation agreement with China's dealership group, Jinshi Group. The two parties will work together to leverage AI-powered smart digital trading capabilities and engage in deep collaboration in scenarios such as group vehicle exchanges and scrapping transactions. Fengche will fully utilize its leading advantages in AI smart digitalization and nationwide online auctions, sharing its years of practical experience in digital management, operations, marketing, trading, and overseas expansion of used and scrapped cars in China with the group. The goal is to continuously deepen cooperation, create value, help Jinshi Group achieve online, transparent, and maximized value in the used car and scrapped car business, and help the group generate greater business revenue and sustainable value. With AI and advanced smart digital technology, higher circulation efficiency and lower costs can achieve excellence and leadership!

About Jinshi Group  
Beijing Jinshi Automotive Group operates brands including Lexus, BMW, Audi, GAC Toyota, GAC Honda, GAC Trumpchi, Buick, and Changan Ford. Over the years, the dealerships under Beijing Jinshi Group have earned customer trust and developed well thanks to their good reputation and high-quality services. The group's business covers cities such as Beijing, Chengde, Chifeng, Hengshui, Qinhuangdao, Shijiazhuang, Xingtai, and Zhangjiakou, mainly dealing in brands like Audi, BMW, Honda, Trumpchi, Volkswagen, Toyota, GAC Honda, and Lexus.

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. With “smart digital technology” as its core advantage, Fengche provides professional digital trading services for automakers, 4S dealership groups, and downstream car dealer channels. To date, it has signed cooperation agreements with over 200 dealership groups, more than 20 automakers, 1,500 dismantling and scrapping factories, and hundreds of thousands of used car buyers. Its nationwide trading operations cover over 200 cities, creating continuous value for upstream and downstream clients through unique digital technology.

Smart Used Cars

This is a standard business system aimed at dealer groups and vehicle source agencies, covering 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 collaborates with 4S dealer groups and the OEMs' used car departments to establish standardized operation processes and management systems for used cars, continuously enhancing digital operation capabilities and value. It is a nationwide cross-regional B2B trading platform under Fengche, linking upstream dealer groups, manufacturers, and financial insurance institutions for used car sources, and connecting downstream used car dealers and buyers nationwide. Leveraging leading digital capabilities and advantages, it focuses on "reducing circulation costs and improving circulation efficiency" to create value for the industry and customers.

Overseas Cloud (CEA)

This is a Chinese automotive cross-border e-commerce platform. Overseas Cloud focuses on strong partnerships, leveraging everyone's strengths, integrating dealer groups and vehicle 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. Using advanced digital and AI technologies, Fengche connects 25 domestic car manufacturers, 200 4S dealer groups, nearly 10,000 4S stores, and 200,000 used car dealers and buyers online. This comprehensively improves efficiency, reduces costs, opens the upstream and downstream industry chain, maximizes value for all parties, and fulfills the mission of "making business easier and life better."