Zhongsheng Group

Last updated
Zhongsheng Group Holdings Limited
Company type Public
SEHK:  881
Industry Automotive
Founded1998
FounderHuang Yi, Li Guoqiang [1]
Headquarters Beijing, China
Key people
Huang Yi (Chairman)
Li Guoqiang (Vice-Chairman and CEO) [1]

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

Contents

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]

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References

  1. 1 2 "Management". Zhongsheng. Archived from the original on May 30, 2012. Retrieved 28 May 2012.
  2. 1 2 "China auto dealer Zhongsheng buys 70 pct of German custom specialist". The Economic Times. 25 May 2012. Retrieved 28 May 2012.[ dead link ]
  3. "Snapshot for Zhongsheng Group Holdings Ltd (881)". Bloomberg. Retrieved 28 May 2012.
  4. 1 2 3 4 5 "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.