Is Zhongsheng Group a state-owned enterprise?

Zhongsheng Group is not a state-owned enterprise. Zhongsheng Group Holding Co., Ltd. is one of the leading national automobile dealer groups in China. Its enterprise type is limited liability company, and its industry is business service industry, so it does not belong to state-owned enterprises. Zhongsheng Group Holding Co., Ltd.: It has a nationwide 4S (including sales, spare parts, after-sales service and information investigation) dealer network, covering economically developed areas and cities. Zhongsheng Group focuses on luxury and mid-to high-end brand portfolios, including Mercedes-Benz, Lexus, Audi, BMW, Volvo, Jaguar Land Rover, Toyota, Nissan and Honda. It is the first dealer in China to obtain the distribution rights of Toyota and one of the first companies in China to obtain the distribution rights of Lexus and Audi.