| Zhongsheng Group Holdings Limited | |
| Type: | Public |
| Traded As: | HKEX: |
| Foundation: | 1998 |
| Founder: | Huang Yi, Li Guoqiang[1] |
| Location: | Beijing, China |
| Key People: | Huang Yi (Chairman) Li Guoqiang (Vice-Chairman and CEO) |
| Industry: | Automotive |
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 Xpeng, Audi, Honda, Infiniti, Lexus, Mercedes-Benz, Nissan, Porsche, Toyota and Volvo.
Zhongsheng is listed on the Hong Kong Stock Exchange.[2]
Zhongsheng opened its first Toyota and Nissan dealerships in 1998.[3] In 1999 Zhongsheng opened its first Audi dealership.[3] Zhongsheng opened its first dealership in Shanghai in 2002.[3] In 2005 Zhongsheng opened its first Lexus and Honda dealerships and its first dealership in Guangdong.[3] Zhongsheng opened its first Mercedes-Benz dealership in 2009.[3]
Zhongsheng listed on the Hong Kong Stock Exchange in March 2010.[4] [5] 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.[6]
In May 2012 Zhongsheng acquired a 70 per cent stake in the German vehicle-personalization specialist Carlsson Autotechnik.[7]