Zhongsheng Group
| Company type | Public |
|---|---|
| Industry | Automotive retail and service |
| Founded | 1998 |
| Headquarters | Beijing , China |
Area served | China, international |
| Products | Automotive dealerships (Xpeng, Audi, Honda, Infiniti, Lexus, Mercedes-Benz, Nissan, Porsche, Toyota, Volvo) |
Zhongsheng Group Holdings Limited is a global player in the automotive retail and service industry, with its main office situated in Beijing, China. The company manages approximately 140 dealerships across the country and represents a diverse portfolio of brands including Xpeng, Audi, Honda, Infiniti, Lexus, Mercedes-Benz, Nissan, Porsche, Toyota, and Volvo.
The firm is listed on the Hong Kong Stock Exchange.
History
Established in 1998, Zhongsheng commenced operations with its inaugural Toyota and Nissan dealerships. The following year, it broadened its brand offerings by adding an Audi dealership. In 2002, the company entered the Shanghai market, and by 2005, it had introduced Lexus and Honda dealerships along with opening its first location in Guangdong. The addition of Mercedes-Benz dealerships occurred in 2009.
In March 2010, Zhongsheng became a publicly traded company on the Hong Kong Stock Exchange. During the same year, it secured a controlling 55% interest in New Wing Enterprises, which managed 15 4S dealerships throughout China. In May 2012, Zhongsheng ventured into international markets by acquiring a 70% ownership in German vehicle customization firm Carlsson Autotechnik.