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 Audi, Honda, Lexus, Mercedes-Benz, Nissan, Porsche, Toyota and Volvo.[3]
Zhongsheng is listed on the Hong Kong Stock Exchange.[1]
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.[3]
References
-
^ a b "Snapshot for Zhongsheng Group Holdings Ltd (881)". Bloomberg. Retrieved 28 May 2012.
-
^ a b "Management". Zhongsheng. Retrieved 28 May 2012.
-
^ a b "China auto dealer Zhongsheng buys 70 pct of German custom specialist". The Economic Times. 25 May 2012. Retrieved 28 May 2012.
-
^ a b c d e "Milestones". Zhongsheng. Retrieved 28 May 2012.
-
^ "Auto dealer Zhongsheng marketing for $1 bln IPO". Gasgoo. 22 February 2010. Retrieved 29 May 2012.
-
^ "China auto dealer Zhongsheng halves HK IPO: source". Reuters. 9 March 2010. Retrieved 29 May 2012.
-
^ "Zhongsheng Group Holdings Limited Announces Acquisition Of 55% Equity Interest In New Wing Enterprises Limited". Reuters. 22 December 2010. Retrieved 29 May 2012.
External links
|
|
|
|
Chinese vehicle
manufacturers
|
|
|
Sino-foreign
joint venture vehicle
manufacturers
|
|
|
Subsidiaries of
foreign companies
|
|
|
Other
|
|
|
-
Only manufacturers from Mainland China and Hong Kong are shown.
-
Category
|
|
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.