Shanghai Auto Group Finance Co., Ltd. and Feng Che (Shanghai) Information Technology Co., Ltd. signed a cooperation agreement. The two parties will work closely together in the field of used car finance to create an Internet financial platform and use the Internet + used cars + finance to upgrade all used cars. The level of financial services in the industry creates a leading automotive financial service platform.

         Shanghai Automotive Group Finance Co., Ltd. is a non-banking financial institution affiliated to SAIC Motor. It has been established for more than 20 years with a registered capital of RMB 3 billion. The major financial indicators such as total assets, total profit, operating income, and return on net assets ranked third among financial companies in the country, and ranked first among financial companies controlled by non-central enterprises.


         Feng Che is a leading automotive information and transaction service provider in China, and has been invested by well-known organizations such as Easy Car Network (BITA, a NYSE listed company on the NYSE). Provides management, marketing, operations, finance and transaction services for used cars and new cars for domestic distributor groups and large used car dealers.


        Feng Che always adheres to the principle of “customer value orientation” and takes the “user needs” of the market as the starting point, constantly innovating products, operations, services, and business models. We will always take the attitude of “openness, cooperation, and win-win” and are willing to strengthen cooperation with upstream and downstream companies, manufacturers, distributors, financial institutions, and investment institutions in the automotive industry chain, constantly “innovation and change, cooperation and win-win” for the promotion of China's automobile industry progresses and develops and contributes to the improvement of consumers' living standards.