Xoyi was born from our 11 years of hands-on experience in China’s used car industry. China now sees over 20 million used car transactions annually, with a total stock exceeding 450 million vehicles. Despite this massive supply and trading network, many cars never reach markets around the world. For years, we’ve envisioned Chinese used cars going global.

In the past two years, we’ve seen two major trends: the rise of new energy vehicles and a significant drop in manufacturing costs. As a result, used car prices in China have fallen sharply, now lower than in most major car-exporting countries. At the same time, advances in automotive technology allow us to provide potential buyers with trusted, verified vehicle condition reports.

If we can source affordable used cars in China, provide accurate condition reports, refurbish them to high quality at low cost, and offer reliable after-sales service—why shouldn’t we bring these products and services to buyers around the world?

Over the same period, our co-founder, Mr. Keben, has led teams to Central Asia, Africa, the Middle East, South America, and Southeast Asia to study local car markets. We discovered huge demand for used cars in most developing countries, which validated our vision. We also gained deep insights into customers’ specific needs and key concerns, helping us refine our approach and confirm our decision to launch this business.

In July 2025, we founded a new company: Xoyi Auto. Unlike our domestic operations in China, this company is entirely focused on the global used car market. With a professional team of used car experts, our journey is just beginning.