Zhongsheng Group

Zhongsheng Group Holdings Limited is a multinational automotive retail and services company headquartered in Beijing, China. It currently has around 140 dealerships across China and markets brands including Audi, Honda, Infiniti, Lexus, Mercedes-Benz, Nissan, Porsche, Toyota and Volvo.[2]

Zhongsheng Group Holdings Limited
TypePublic
SEHK: 881
IndustryAutomotive
Founded1998
FounderHuang Yi, Li Guoqiang[1]
HeadquartersBeijing, China
Key people
Huang Yi (Chairman)
Li Guoqiang (Vice-Chairman and CEO)[1]

Zhongsheng is listed on the Hong Kong Stock Exchange.[3]

History

Zhongsheng opened its first Toyota and Nissan dealerships in 1998.[4] In 1999 Zhongsheng opened its first Audi dealership.[4] Zhongsheng opened its first dealership in Shanghai in 2002.[4] In 2005 Zhongsheng opened its first Lexus and Honda dealerships and its first dealership in Guangdong.[4] Zhongsheng opened its first Mercedes-Benz dealership in 2009.[4]

Zhongsheng listed on the Hong Kong Stock Exchange in March 2010.[5][6] In December 2010 Zhongsheng agreed to acquire a 55 per cent stake in New Wing Enterprises, an operator of 15 4S car dealerships across China.[7]

In May 2012 Zhongsheng acquired a 70 per cent stake in the German vehicle-personalization specialist Carlsson Autotechnik.[2]

References
  1. "Management". Zhongsheng. Archived from the original on May 30, 2012. Retrieved 28 May 2012.
  2. "China auto dealer Zhongsheng buys 70 pct of German custom specialist". The Economic Times. 25 May 2012. Retrieved 28 May 2012.
  3. "Snapshot for Zhongsheng Group Holdings Ltd (881)". Bloomberg. Retrieved 28 May 2012.
  4. "Milestones". Zhongsheng. Archived from the original on May 30, 2012. Retrieved 28 May 2012.
  5. "Auto dealer Zhongsheng marketing for $1 bln IPO". Gasgoo. 22 February 2010. Archived from the original on March 4, 2016. Retrieved 29 May 2012.
  6. "China auto dealer Zhongsheng halves HK IPO: source". Reuters. 9 March 2010. Retrieved 29 May 2012.
  7. "Zhongsheng Group Holdings Limited Announces Acquisition Of 55% Equity Interest In New Wing Enterprises Limited". Reuters. 22 December 2010. Retrieved 29 May 2012.
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