Zhongsheng Group

Last updated
Zhongsheng Group Holdings Limited
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]

Related Research Articles

Lexus Japanese luxury vehicle brand owned by Toyota

Lexus is the luxury vehicle division of the Japanese automaker Toyota. The Lexus brand is marketed in more than 70 countries and territories worldwide and is Japan's largest-selling make of premium cars. It has ranked among the 10 largest Japanese global brands in market value. Lexus is headquartered in Nagoya, Japan. Operational centers are located in Brussels, Belgium, and Plano, Texas, United States.

Automotive industry Organizations involved with motor vehicles

The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industries by revenue. The automotive industry does not include industries dedicated to the maintenance of automobiles following delivery to the end-user, such as automobile repair shops and motor fuel filling stations.

Luxury car Car that provides increased levels of comfort, amenities, quality, and status

A luxury car is a car that provides increased levels of comfort, equipment, amenities, quality, performance, and status relative to regular cars for an increased price.

North American International Auto Show Annual auto show in Detroit, Michigan

The North American International Auto Show (NAIAS) is an annual auto show held in Detroit, Michigan, U.S., at TCF Center. The show was held in January from 1989 to 2019. It was intended to move to the summer in 2020, but it has been suspended since due to the COVID-19 pandemic in the United States. It is among the largest auto shows in North America. UPI says the show is "regarded as the foremost venue for [car] manufacturers to unveil new products".

Chicago Auto Show

The Chicago Auto Show is held annually in February at Chicago's McCormick Place convention center. It is the largest auto show in North America.

New York International Auto Show Annual US auto show

The New York International Auto Show is an annual auto show that is held in Manhattan in late March or early April. It is held at the Jacob Javits Convention Center. It usually opens on or just before Easter weekend and closes on the first Sunday after Easter. In 2018, the NYIAS took place from March 30 through April 8.

Geneva Motor Show Annual Swiss auto show

The Geneva International Motor Show is an annual auto show held in March in the Swiss city of Geneva. The show is hosted at the Palexpo, a convention centre located next to the Geneva Cointrin International Airport. The Salon is organised by the Organisation Internationale des Constructeurs d'Automobiles, and is considered an important major international auto show.

International Motor Show Germany Annual German motor show

The International MobilityShow Germany or simply International Mobility Show, in German known as the Internationale Automobil-Ausstellung, is the world's largest mobility show. It is held annually, with mobility solutions being displayed as the IAA Mobility Show in odd-numbered years in Munich, and IAA Transportation for commercial vehicles in even-numbered years in Hanover, Germany. Before 1991, the show was held solely in Frankfurt.

LA Auto Show Annual US auto show

The Los Angeles Auto Show is an annual auto show held at the Los Angeles Convention Center in early December. The LA Auto Show is an OICA sanctioned international exhibition and also endorsed by the Greater Los Angeles New Car Dealers Association. It is open to the public for ten days each year, filling 760,000 square feet (71,000 m2) of exhibit space.

In the automotive industry, the term Big Three refers to a country's three largest automobile manufacturers.

Adaptive cruise control

Adaptive cruise control (ACC) is an available cruise control advanced driver-assistance system for road vehicles that automatically adjusts the vehicle speed to maintain a safe distance from vehicles ahead. As of 2019, it is also called by 20 unique names that describe that basic functionality. This is also known as Dynamic cruise control.

Beijing International Automotive Exhibition, Beijing Motor Show or Auto China is an auto show held biennially in Beijing, China since 1990. China is currently the largest auto market in the world.

Montreal International Auto Show

The Montreal International Auto Show is an annual auto show held for 10 days in mid-to-late January in Montreal, Quebec, Canada. It usually takes place at the Palais des congrès de Montréal.

Auto Shanghai Chinese biennial automobile show

Auto Shanghai, officially known as the Shanghai International Automobile Industry Exhibition, is a biennial international automobile show that alternates with the Beijing Auto Show as China's yearly international automotive exhibition. First held in 1985, Auto Shanghai is the nation's oldest auto exhibition, and is considered as an important major international auto show.

The Herb Chambers Companies, usually shortened to Herb Chambers, is one of the largest automotive dealership in New England and is the North America’s 17th largest dealer group.

The Brazilian automotive industry competed with other Latin American ones (Mexico) comparably until 1960, then grew substantially. Near the end of the 1970s new capacities were built by the United States and Germany. In addition to available and annual production, which exceeded one million and provided world's 10th place for country. After some decrease near 1990, the new and more strong growth by help of same foreign players plus Japan and France allowed Brazil to beat such old auto makers as Belgium, United Kingdom, the United States, Canada, Russia, Spain, France and annual production exceeded 3,7 million vehicles in 2013 seventh largest in the World, although they have fallen substantially more recently.

Jardine Motors Group, is a multi-national operator of franchised motorcar dealerships in the United Kingdom with international outlets in Hong Kong, Macau and China. Jardine Motors Group market their vehicles under a series of brands worldwide including Zung Fu, Lancaster and Scotthall, and the worldwide group net profit, for the year ended 30 April 2012, was US$61 Million, based on revenue of US$5.128 Billion.

The First Hawaiian MotorCon is an annual auto show held every year between the middle week of March and the first week of April in Honolulu, Hawaii. The event takes place at the Hawaii Convention Center, whose location site was once the location of a Chevrolet dealership, Aloha Motors. The event, affiliated with the Motor Trend regional auto show circuit since 2000, is produced by the Hawaii Automotive Dealers Association (HADA) and sponsored by First Hawaiian Bank, with the Honolulu Star-Advertiser serving as the media sponsor. The recent event, going into its 42nd year, was planned for March 27-29, 2020. Hawaii Governor David Ige announced at his press conference March 17, that he is closing the Hawaii Convention Center for 30 days to limit social contact in light of recent community spread of Covid-19 virus infections. The auto show was cancelled for 2020, but will return for February 2022.

The Greater Milwaukee Auto Show is an annual auto show held every year between late February and early March in Milwaukee, Wisconsin. The event takes place at the Wisconsin Center in Downtown Milwaukee, and is affiliated with the Motor Trend regional auto show circuit. The Automotive Dealers Association of Mega Milwaukee (ADAMM) serves as the primary producer, sponsor and owner of the event, with the Milwaukee Journal Sentinel serving as the media sponsor. Prior to the events, an auto show gala is held the day before the main show is opened to the public.

The Memphis International Auto Show is an annual auto show held every January in Memphis, Tennessee. The event takes place at the Memphis Cook Convention Center in Downtown Memphis and is affiliated with the Motor Trend regional auto show circuit. Despite the event's title name, not all vehicles or automakers are featured due to the limited convention space. Although the event is opened to visitors in the greater Memphis area, including residents from Arkansas and Mississippi, it is mandated at all auto shows in Tennessee that under state law, no sales may take place on the premises, and signs to that effect must be posted. There was no 2021 show, which was deferred to 2022.

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.
  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.