Fengche has signed a cooperation agreement with Yuantong Group, a major Chinese dealer group. Both parties will join hands, leveraging AI smart digital transaction capabilities to carry out deep cooperation in scenarios such as group trade-in and scrapping transactions. 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, continuously deepening cooperation to create value, helping Yuantong Group achieve online and transparent disposal of used and scrapped cars, maximizing value and helping the group generate greater business returns and sustainable value. Leveraging AI and leading intelligent digital technologies, achieving excellence and leadership with higher circulation efficiency and lower circulation costs! 

About Yuantong Group
Shandong Yuantong Automobile Trading Group Co., Ltd., established on October 15, 1976, is a comprehensive automobile circulation service enterprise, currently employing 5,500 people and having total assets of 6.971 billion yuan. 
After 48 years of development, Yuantong Group has established a high-value industrial service chain that basically covers the entire automotive service lifecycle. It has established 19 comprehensive automotive service parks in Linyi, Rizhao, and Jining cities in Shandong Province, 102 4S dealerships in Shandong and Anhui provinces, represents 50 car brands, serves over 3 million customers, sells over 110,000 vehicles annually, generates total operating revenue exceeding 20 billion yuan, and pays more than 300 million yuan in national taxes. 
Its operating performance has ranked first in Shandong Province for 17 consecutive years, ranking among the top 20 among China's top 100 dealer groups in the automobile circulation industry, ranking 269th among China's Top 500 Service Enterprises in 2022, and 62nd among Shandong Province's Top 100 Private Enterprises. 
The group's business covers cities such as Jining, Linyi, and Rizhao. Its main products include brands such as Audi, Baojun, Mercedes-Benz, Honda, Buick, Dahua, Maxus, Volkswagen, Fangchengbao, Toyota, Foton, Hongqi, HarmonyOS Intelligent Mobility, Arcfox, Cadillac, Leapmotor, Chery Icer, Roewe, Wuling, Hyundai, FAW, and FAW Jetta. 

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

It's a standard business system aimed at dealer groups and car source agencies, covering used car ERP management system, CRM customer management system, online marketing system, BI data analysis system, financial system, 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 automakers' used car departments to establish standardized operation processes and systems for used cars, continuously improving the digital operation capability and value of the used car business. It is a nationwide cross-regional B2B trading platform under Fengche, linking upstream dealer groups, manufacturers, and financial insurance agencies for used car supply, and downstream used car dealers and buyers across the country. With advanced digital capabilities, its core mission is to reduce circulation costs and improve circulation efficiency, creating value for the industry and customers.

Overseas Cloud (CEA)

It's a Chinese automotive cross-border e-commerce platform. Overseas Cloud focuses on strong partnerships, leveraging everyone's strengths, integrating dealer groups and car source agencies, developing export channels, and connecting domestic manufacturers and dealer groups with overseas channels and buyers online, helping Chinese cars generate 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, greatly improving efficiency, reducing costs, connecting the upstream and downstream industry chain, and maximizing value for all parties, fulfilling the mission of "making business simpler, making life better!"