Since 2002, CIMC Ningbo Group has set foot in the field of automobile trade. At present, the company has "Toyota, Dongben, Audi and Mercedes-Benz" brand car franchise rights, and has formed a one-stop car service system in China, including sales, maintenance, decoration and used car market. CIMC pays attention to "brand management" and leads the market trend, making "CIMC" the first brand in Ningbo, and its annual sales have increased from the current 2 billion to more than 3 billion. In 2005, CIMC Ningbo Group settled in Ningbo Free Trade Zone as the only "district-port linkage" logistics pilot unit in the city's foreign trade. The company invested 30 million yuan to establish Zhongji Stock Logistics Park in Ningbo Free Trade Zone, covering an area of 37,000 square meters, and established Ningbo Free Trade Zone East China Import Commodity Market Development Co., Ltd., and built a bonded warehouse of more than 20,000 square meters. At present, Zhongji Logistics consists of three parts: international freight forwarding company, East China Logistics in Bonded Area, and Commodity Electronic Trading Center. In 2006, CIMC International Freight Forwarder Company ranked 20th among the top 100 international freight forwarders in China. East China Import Commodity Market Development Co., Ltd. in Ningbo Free Trade Zone enjoys the preferential policy of "linkage between district and port", and has the advantages of "close proximity to Ningbo Port, integration of bonded warehousing and ordinary warehousing, and advantages of modern software and hardware equipment", with obvious regional and policy advantages; The electronic trading center of bulk commodities adopts modern e-commerce platform and introduces various flexible trading modes such as spot trading and forward trading of bulk commodities, which provides more novel, simpler and more effective channels for bulk commodity production, circulation and consumption enterprises, speeds up capital turnover, improves trading efficiency and effectively reduces the operating costs of related enterprises. At present, China Machinery Ningbo Group Co., Ltd. has been transformed from a circulating foreign trade company to an industrial comprehensive foreign trade group company. The registered capital of the company is1.200 million yuan and the fixed assets are 300 million yuan. There are 30 foreign trade, textile and clothing, international bidding, international freight, East China market, international cooperation, automobile sales companies and 1.5 import and export business departments. Zhongji Company has completed listing counseling and won the support and praise from governments and departments at all levels, striving to become the first foreign trade listed company in Ningbo.