SHANGHAI, Dec. 7, 2021 /PRNewswire/ -- Cango Inc. (NYSE:
CANG) ("Cango" or the "Company"), a leading automotive transaction
service platform in China, today
announced its participation in the 2021 China Automobile Dealers
Industry Convention & Expo in Haikou, Hainan province, China from December
2-4, 2021.
Hosted by the China Automobile Dealers Association, the
convention brought Cango and other important industry participants
together to analyze the current state of the auto industry and
share their market insights and wisdom. This year's theme was
"Opportunities and Challenges under the New Pattern," which
centered on the main drivers and headwinds facing players in the
auto industry in China and across
the world, as innovative technologies, formats and models usher in
a new era of development.
As a leading automobile transaction service platform offering a
cost-effective, all-inclusive car buying experience, Cango is
committed to forging a path to progress and high-quality
development while maintaining stability in the face of these
fundamental industry changes. Headquartered in Shanghai, Cango serves as the largest
dealership network in China's
lower-tier cities. The Company's services cover the entire
automotive transaction chain from pre-sale to post-sale, including
automotive financing facilitation, car trading transactions, and
after-market services facilitation. Furthermore, Cango connects car
dealers, OEMs, financial institutions, and other auto industry
participants to help them satisfy their customers' individual
requirements. By offering a wide range of services to all auto
industry participants, Cango has become an invaluable industry
player.
Balancing customer needs with industry development can be
tricky. Cango's cutting-edge technology and cloud-based
infrastructure seamlessly connect platform participants, making
automobile transactions infinitely easier. Cango connects OEMs, car
buyers and the car dealers, and provides value to the three through
its transaction service platform, which makes it simpler and more
efficient to "match people with goods" and "match goods with
people" in the field of automobile dealing. In the meantime, it
helps car buyers complete the car purchase procedures and offers
automotive financing solutions, but also provides financial
institutions with end-to-end services from customer acquisition to
pre-, mid- and post-loan periods, supporting the entire life cycle
of the auto financing transaction.
Cango's unique platform will create even greater value for its
users and business partners as China's transportation market evolves.
Transportation and mobility are critical components of societal
advancement. When people have access to a vehicle or other means of
transportation, their employment and education options expand
dramatically. In China's
lower-tier cities, transportation accessibility and mobility are
huge societal problems given inadequate personal transportation
alternatives. This is where Cango comes in.
Cango's goal is to make buying a car easier and more enjoyable.
This simple yet effective vision could start a mobility revolution
in China's lower-tier cities.
Without mobility, citizens cannot take advantage of opportunities
and industries miss out on exceptional talent and innovative ideas.
Mobility creates possibilities. Streamlining the automobile
purchase process drastically improves transportation accessibility
and mobility. In turn, greater mobility brings employers and
workers together, engendering productive industries and mending
gaps in the fabric of society. As our society evolves, Cango will
expand the boundaries of mobility for all of China's citizens.
About Cango Inc.
Cango Inc. (NYSE: CANG) is a leading automotive transaction
service platform in China
connecting dealers, financial institutions, car buyers, and other
industry participants. Founded in 2010 by a group of pioneers in
China's automotive finance
industry, the Company is headquartered in Shanghai and engages car buyers through a
nationwide dealer network. The Company's services primarily consist
of automotive financing facilitation, car trading transactions, and
after-market services facilitation. By utilizing its competitive
advantages in technology, data insights, and cloud-based
infrastructure, Cango is able to connect its platform participants
while bringing them a premium user experience. Cango's platform
model puts it in a unique position to add value for its platform
participants and business partners as the automotive and mobility
markets in China continue to grow
and evolve. For more information, please visit:
www.cangoonline.com.
Media Contact:
Juliet Ye
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: pr@cangoonline.com
Twitter: https://twitter.com/Cango_Group
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SOURCE Cango Inc.