What is the relationship between China Shengxing and Shenzhen Jiahong?

Shenzhen Jiahong is the predecessor of China Sheng Xing. China Sheng Xing Automobile Investment Holding Co., Ltd. was established in 2002, and its brands mainly distribute ultra-luxury and luxury cars. Shenzhen Jiahong is the predecessor of China Sheng Xing. China Sheng Xing Automobile Investment Holding Co., Ltd. is one of the earliest domestic enterprises to open Rolls-Royce dealers, and has become one of the largest dealers of Rolls-Royce in China market. In addition, Sheng Xing Auto's distribution brands cover Maserati, Land Rover, Jaguar, BMW and other world-renowned luxury car brands.