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Fujian Benz Automotive Co., Ltd., formerly Fujian Daimler Automotive Co., Ltd., is a light commercial vehicle manufacturing company based in Fuzhou, and a joint venture between Daimler Vans Hong Kong Limited (a joint venture of the Mercedes-Benz Group and China Motor Corporation of Taiwan), BAIC Motor Corporation Limited (35%), and Fujian Motor Industry Group Co., Ltd (15%).
Subsidiary Zung Fu, which has held the Mercedes-Benz luxury vehicle franchise in Hong Kong for over 50 years, has achieved one of the highest market penetrations in the world for the luxury brand and ranks among its top international performers. The group also represents Smart and Hyundai passenger cars in Hong Kong.
Lancaster Group was established in 1969 when Ronald and Nicholas Lancaster took control of a Ford Dealership in Ongar, Essex, where Nick had been working. [7] By 1981 Lancaster were running Mercedes-Benz, Porsche, Ferrari and Volvo dealerships in East Anglia, and Hong Kong–based Jardine Matheson purchased a 76% holding in the company. [4]
In June 2024, Denza started sales of the right-hand drive D9 EV in Hong Kong. [28] It opened its first flagship store in Kowloon Bay, which is the first presence of the brand outside mainland China. [29] In September 2024, Mercedes-Benz transferred its remaining 10% shareholding in Denza to BYD, making Denza a fully owned subsidiary of BYD. [5]
Mercedes-Benz Group (9.98% stake) In July 2019, BAIC Group purchased a 5% stake in Daimler, which is a reciprocal shareholder in BAIC's Hong Kong listed subsidiary. [35] In December 2021, Mercedes-Benz Group revealed in its announcement that BAIC Group has increased its stake of Daimler to 9.98%.
BAIC Motor Corporation Limited is a Chinese automaker headquartered in Beijing. The H shares (foreigner share in offshore market) of the company were traded in the Hong Kong Stock Exchange . It was part of BAIC Group , itself a subsidiary of Beijing Municipal Government.
Zhongsheng Group Holdings Limited is a multinational [according to whom?] automotive retail and services company headquartered in Beijing, China. It currently has around 140 dealerships across China and markets brands including Xpeng , Audi , Honda , Infiniti , Lexus , Mercedes-Benz , Nissan , Porsche , Toyota and Volvo .
In February 2012, Beiqi Foton Motors Co., Ltd. and Daimler AG established a 50-50 joint venture, Beijing Foton Daimler Automotive Co., Ltd., at an investment of RMB6.35 billion. [ 1 ] [ 7 ] The joint venture would take over Foton's existing Auman medium- and heavy-duty truck business, including production sites, sales and service network.
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