- CEO
- Yue Xu
- Full Time Employees
- 13,613
- Sector
- Consumer Cyclical
- Industry
- Auto - Dealerships
- Address
- 299 Ruijin Nan Road Shanghai People's Republic of China 200023
- IPO Date
- Sep 7, 2017
- Business
- China Yongda Automobiles Services Holdings Limited, an investment holding company founded in 1991 and headquartered in Shanghai, China, operates as a leading passenger vehicle retailer and service provider primarily in mainland China, focusing on luxury, ultra-luxury, mid-to-high-end, and independent new energy brands through its network of 4S dealerships, city showrooms, and authorized maintenance centers. The company offers sales of new vehicles including BMW, MINI, Audi, Porsche, Jaguar, Land Rover, Bentley, Lincoln, Cadillac, Volvo, Mercedes-Benz, Lexus, Buick, Volkswagen, Ford, Toyota, Honda, Roewe, Lynk, HIMA, IM, Xiaomi, Xpeng, Smart, and ZEEKR; after-sales services encompassing repair, maintenance, spare parts, and accessories; automobile operating lease and rental services; pre-owned vehicle sales, distribution, brokerage, and export; agency services for automobile insurance, financial products, and extended warranties; and additional offerings such as decoration products, vehicle title registration, inspection, and consultation services. Geographically, it serves first- and second-tier cities and provincial capitals across China with 221 outlets as of December 31, 2024, including 129 luxury and ultra-luxury 4S dealerships, 28 mid-to-high-end brand outlets, 35 independent new energy brand outlets, and 13 pre-owned vehicle malls. In 2024, the company optimized its network by closing or transferring 22 underperforming outlets and opening 12 new ones, including expansions into Xiaomi, HIMA, Xpeng, Smart, ZEEKR, and NIO after-sales centers; launched the Yongda Official Certified New Energy Pre-owned Vehicle Brand; deepened partnerships with insurance companies for maintenance-instead-of-replacement and new energy manufacturers for bulk vehicle sourcing, subscription, leasing, replacement, and residual value management; and reported rapid growth in independent new energy vehicle sales revenue by 84.8% to RMB3,024 million alongside after-sales repair revenue increases of 95.2% for those brands.