Xixiangfeng Group was established in 2007 and is a well-known comprehensive automotive service provider in China. On November 9, 2023, it successfully listed on the Main Board of the Hong Kong Stock Exchange with the stock code 2473.HK, becoming the first listed company in the automotive financial leasing sector in China.Over the years, the Group has worked hard and persevered in its core values, taking the automotive industry as its main track. With many advantages such as centralized procurement from manufacturers, national direct sales, differentiated strategies, a professional team, asset management, and risk control, it has integrated advantageous resources and comprehensively carried out four major business segments, namely "financial leasing, ride-hailing services, operating leasing, and used car exports", and has always kept up with the cutting-edge technologies in the industry to comprehensively empower its businesses in various scenarios. Since its establishment, the Group has successfully established 89 stores nationwide through the direct sales model, solved the vehicle usage problems for more than 220,000 customers, and managed a cumulative total of over 35,000 vehicles.
After years of development, all business segments of Xixiangfeng Group have achieved substantial growth. In the field of financial leasing, the Group holds a leading position, successfully covering second-tier, third-tier and lower-tier cities across the country, and its services cover 25 provincial administrative regions. In the field of ride-hailing vehicle leasing and sales, Xidi Ride-hailing, which the Group has a deep cooperation with the Didi platform, has successfully laid out in 41 cities and owns more than 10,000 self-owned ride-hailing vehicles. In the field of operating leasing, "Kuaiya Car Rental", which is self-developed and self-operated by the Group, provides flexible and diverse car rental services and has laid out 147 outlets in 79 cities across the country. In the field of used car exports, in 2023, the Group successfully obtained the qualification for used car exports and actively carried out export business. Currently, it has successfully opened up markets in 18 countries in regions such as Asia and Europe, Central Asia, Southeast Asia, the Middle East, and Africa.
As a service provider in the automotive sales industry, diversified funds and vehicle sources, technological empowerment, risk control, and user operation constitute the core corporate strength of Xixiangfeng Group. The Group has constructed a diversified portfolio of funds, covering manufacturer finance, banks, commercial leasing, financial leasing, factoring, trusts, and state-owned enterprise supply chains, etc. Relying on 18 years of industry accumulation, it can ensure to obtain excellent, stable, and cost-effective vehicle sources to the greatest extent. In the business of "one vehicle", it has achieved full-process digital intelligence. From vehicle procurement, sales intention, vehicle transaction, vehicle delivery, customer vehicle usage, vehicle recycling to re-trading, by introducing digital management systems and intelligent technologies, it has achieved a dual improvement in vehicle usage efficiency and vehicle usage experience. At the same time, the Group continues to improve the risk control system with digital risk control and intelligent risk control as the core, and focuses on building the front, middle, and back ends of risk control to ensure the stable operation of its business. Among them, at the front end, automatic credit review risk is pre-posed. The data cloud intelligent credit review system jointly developed with Xiamen University can complete automatic credit review within 10 seconds, and the vehicle can be picked up within 29 minutes, and it can continuously identify, evaluate, assess, and monitor to achieve the greatest degree of risk prediction and control; at the middle end, nearly 20 self-developed patented monitoring systems can achieve vehicle precise positioning to the greatest extent, and can realize real-time monitoring, repair, and processing, etc.; at the back end, there is a stable offline team. Based on the scientific management model tempered over 18 years, it has realized an operation system that covers early warning monitoring, process control, vehicle recycling, judicial protection, etc. all the way through. The Group adheres to the user as the core and takes "Listen to every voice, serve every moment" as its customer service slogan. Through self-developed systems such as the ERP system, enterprise WeChat SCRM, SAAS collection platform, BIP data platform, 52 Car APP, and enterprise WeChat work order, it conducts refined management at each key service node, continuously improves service quality, and ensures the continuous optimization of the user experience.
Eighteen years of perseverance have established Xixiangfeng Group's status as an established brand in the automotive service industry. The Group has always adhered to the tenet of "Meeting every vehicle usage need of users" and the mission of "Making vehicle ownership and usage more convenient, more affordable, and more reassuring", providing users with comprehensive automotive services.
