- Business
- China ZhengTong Auto Services Holdings Limited is an investment holding company principally engaged in 4S dealership business, supply chain business, and comprehensive properties business in the People's Republic of China. The company operates through its 4S dealership segment, which encompasses sales of mid-to-high-end passenger motor vehicles including luxury brands such as Porsche, Mercedes-Benz, BMW, Audi, Jaguar Land Rover, Cadillac, and Volvo, as well as mass-market and new energy brands like AITO, Tesla, NIO, Hongqi, GWM Haval, GWM Tank & WEY, Chery Jetour, Geely Galaxy, SAIC Shangjie, LUXEED, and STELATO; provision of after-sales services, vehicle maintenance and repair; mortgage facilitation services; insurance agency services through Dingze Insurance Agency Co., Ltd.; pre-owned automobile trading; and lubricant oil trading. Its supply chain segment provides motor-related logistics services including vehicle transportation and spare parts warehousing via Shengze Jietong Supply Chain Co., Limited; while the comprehensive properties segment involves property development, sales, and management. Founded in 1999 and headquartered in Wuhan, Hubei Province, the company maintains a network of 92 dealership stores across 36 cities in 15 provinces and municipalities, with authorizations for five additional stores, and employs approximately 5,523 people. Recent developments include the completion in June 2025 of a connected share subscription by Xinda Motors Co., Limited, a subsidiary of controlling shareholder ITG Holding, raising approximately HK$1 billion and resulting in ITG Holding's increased control alongside relocation of the management headquarters to Xiamen; accelerated expansion into new energy vehicles with new store openings such as the Beijing AITO User Center and Zhanjiang Jetour dealership, plus preliminary authorizations for seven additional new energy brands; enhanced auto finance collaborations with banks and institutions yielding 112.8% period-on-period growth in mortgage facilitation income; and insurance agency income growth of 68.6% through renewal centers and product optimization.