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Zhongsheng Group

From Wikipedia, the free encyclopedia
Chinese automotive retail and services company
Zhongsheng Group Holdings Limited
Company typePublic
SEHK881
IndustryAutomotive
Founded1998; 28 years ago (1998)
FounderHuang Yi, Li Guoqiang[1]
HeadquartersBeijing,China
Key people
Huang Yi(Chairman)
Li Guoqiang(Vice-Chairman and CEO)[1]

Zhongsheng Group Holdings Limited is amultinational[according to whom?]automotive retail and services company headquartered inBeijing,China. It currently has around 140 dealerships across China and markets brands includingXpeng,Audi,Honda,Infiniti,Lexus,Mercedes-Benz,Nissan,Porsche,Toyota andVolvo.[2]

Zhongsheng is listed on theHong Kong Stock Exchange.[3]

History

[edit]

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 specialistCarlsson Autotechnik.[2]

References

[edit]
  1. ^ab"Management". Zhongsheng. Archived fromthe original on May 30, 2012. Retrieved28 May 2012.
  2. ^ab"China auto dealer Zhongsheng buys 70 pct of German custom specialist". The Economic Times. 25 May 2012. Retrieved28 May 2012.[dead link]
  3. ^"Snapshot for Zhongsheng Group Holdings Ltd (881)". Bloomberg. Retrieved28 May 2012.
  4. ^abcde"Milestones". Zhongsheng. Archived fromthe original on May 30, 2012. Retrieved28 May 2012.
  5. ^"Auto dealer Zhongsheng marketing for $1 bln IPO". Gasgoo. 22 February 2010. Archived fromthe original on March 4, 2016. Retrieved29 May 2012.
  6. ^"China auto dealer Zhongsheng halves HK IPO: source". Reuters. 9 March 2010. Retrieved29 May 2012.
  7. ^"Zhongsheng Group Holdings Limited Announces Acquisition Of 55% Equity Interest In New Wing Enterprises Limited". Reuters. 22 December 2010. Retrieved29 May 2012.

External links

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