Times China : C-Town Joins Forces with Junxiong Automobiles to Create a New Model for the Automotive Industr...

A partnership signing ceremony between Times C-Town and Junxiong Automobiles was successfully held on the morning of March 10, 2022. Mr. Ao Chengtao, deputy general manager of Times Commercial and general manager of Times C-Town, and Mr. Pan Guoguang, head of Foshan Times Junxiong Automobiles Trading Co., Ltd., attended the signing ceremony as representatives of the two sides. They officially signed the Comprehensive Partnership Agreement on the E4 Car Venue of Foshan Times C-Town to jointly build a new used car mall in the Guangdong-Hong Kong-Macao Greater Bay Area and open up a new model for the automotive industry.

Photo: Mr. Ao Chengtao, deputy general manager of Times Commercial and general manager of Times C-Town, and Mr. Pan Guoguang, head of Foshan Times Junxiong Automobiles Trading Co., Ltd., signing a partnership agreement

Photo: An aerial view of the Times C-Town project

Times C-Town is located in the northern part of the Qiandenghu Lake CBD on the boundary between Guangzhou and Foshan. It is a city-industry integration project developed by Times China, and is based on the industrial foundation of the "South China Automobile Mall" in order to adapt to the demands of industrial development and the market. The total area of Phase I is 1,352 mu (1 mu is equal to approximately 666.67 square meters). Through innovation in products and business patterns, the "Automobile Mall", which had once been inefficient and scattered, has been upgraded to a comprehensive experience center that represents a new landmark in the automotive industry in Foshan. It is based on the theme "People, Car Life and Light Cultural Tourism", integrating car sales, car services, car peripherals, dining, entertainment, and a light cultural tourism experience.

· These two strong industry players are joining forces to build a new used car mall in the Guangdong-Hong Kong-Macao Greater Bay Area

Photo: Design rendering of the E4 Car Venue of the Foshan Times C-Town

Times C-Town is partnering with Junxiong Automobiles to carry out a long-term collaboration in the E4 Car Venue. The purpose of this powerful alliance is to fully integrate high-quality used car resources in the Guangdong-Hong Kong-Macao Greater Bay Area, and jointly build a new used car mall in the Greater Bay Area that is based on Times C-Town's high-quality facilities and driven by the significant industrial resources of Junxiong Automobiles.

Photos: Interior design rendering of the Junxiong Automobile Exhibition Hall in the E4 Car Venue of Foshan Times C-Town

Photo: Design rendering of the antique car museum in the E4 Car Venue of Foshan Times C-Town

Photo: Interior design rendering of the Junweilong Automobile Exhibition Hall in the E4 Car Venue of Foshan Times C-Town

With meticulous and rigorous planning, E4 Car Venue will be divided into a series of functional areas, including a high-end used car exhibition area, customer leisure area, finance and insurance area, office area, and vehicle management business area. It provides a one-stop car experience for consumers in the Guangdong-Hong Kong-Macao Greater Bay Area and helps market players grow bigger and stronger by integrating various forms of business such as used luxury car sales, automobile culture, automobile sports, leisure catering, and second-hand luxury good sales. At the same time, giving full play to the strong coverage of new media will make it possible to build China's first digital new media used car industry base, thus making it easier and more convenient for consumers to obtain the latest information about used car exhibitions and sales.

· Rooted in Foshan, we will create a new model for the automotive market

Foshan, where Times C-Town and Junxiong Automobiles are based, is one of the core cities in the Guangdong-Hong Kong-Macao Greater Bay Area, and it has a long history of automobile culture and automobile exhibition and trading. By the end of 2021, Foshan's car PARC had reached 3.164 million, which is equivalent to an average of one car for every three people. That figure is the fourth highest in Guangdong province, behind only Shenzhen, Dongguan, and Guangzhou. In 2021, Foshan's used car trading market was also very active, with a total of 275,000 motor vehicle transfer registrations (transfers of ownership) being handled, up 18% from the previous year. The number of motor vehicle transfer registrations (transfers of ownership) in Foshan continues to grow, and its used car market continues to show great capacity and growth potential.

Unlike traditional used car trading markets, Times C-Town will place more of an emphasis on integrity, self-discipline, and service commitment in used car operations. For example, after used car dealers open their businesses in the mall, Times C-Town will regulate their trading practices by setting up a second-hand automotive industry self-regulatory committee, the purpose of which is to protect the legitimate rights and interests of consumers to the greatest extent possible.

This powerful alliance between Junxiong Automobiles and Times C-Town will effectively connect all processes in used car trading, integrate high-quality resources in the industry, and deliver a better consumption experience to consumers, thus establishing a good reputation for used car trading and winning the praise and loyalty of consumers not only in the Guangdong-Hong Kong-Macao Greater Bay Area, but also the rest of the country as well, opening up a new model for the automotive industry.