China ZhengTong Auto Services Holdings Ltd

Detailed Description

China ZhengTong Auto Services Holdings Limited, an investment holding company, operates as a 4S dealership company in the People's Republic of China. It operates through four segments: 4S Dealership Business, Supply Chain Business, Financial Services Business, and Comprehensive Properties Business. The company is involved in the sale of motor vehicles and automobile parts; and provision of maintenance and repair services. It also provides motor-related and automobile related logistics services; and trades in lubricant oil and auto supplies. The company focuses on the dealership of branded automobiles, including Porsche, Mercedes-Benz, BMW, Audi, Jaguar and Land Rover, Volvo, Cadillac, and Infiniti; and operates dealership stores of middle market brands, such as FAW-Volkswagen, Buick, Nissan, Toyota, Honda, and Hyundai. In addition, it offers financial services, including auto financing, insurance brokerage, finance leasing, and other value-added services to auto customers and dealers. Further, the company engages in the development and sale of real estate properties, property management, and pre-owned automobiles trading activities; e-commerce platform; and provision of consulting and automobile trading agency services. As of December 31, 2020, it operated 125 dealership outlets in 40 cities across 17 provinces and municipalities. The company was founded in 1999 and is headquartered in Beijing, the People's Republic of China.