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Market Research Report

China Automotive Distribution and Aftermarket Industry Report, 2019-2025

Published by ResearchInChina Product code 298457
Published Content info 195 Pages
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China Automotive Distribution and Aftermarket Industry Report, 2019-2025
Published: March 27, 2019 Content info: 195 Pages
Description

Spurred by downstream demand, China's automobile production and sales sustained solid growth during 2011-2017, making a new high record in 2017. As the car sharing market is expanding apace, China just produced 27.81 million automobiles and sold 28.08 million units in 2018, both declining from the year before, by 4.2% and 2.8%, respectively.

In the meantime, the trading volume of used cars in the Chinese market has been rising over the years, reaching 13.82 million units in 2018, 11.5% more than in the previous year.

China's automotive distribution and aftermarket industry features intense competition and a scattered pattern. In 2017, the top 100 auto dealers in China sold a total of 8.48 million units, occupying a mere 20.5% of the total automobile sales (including the used cars). By the end of 2017, they had run 6,267 4S outlets, or 27.8% of the country's total.

Flocks of Chinese auto dealers turn to the aftermarket to reap benefits in recent years, arising from vehicle distribution gross margin of less than 5% and after-sale services' whopping 40%.

China's distribution and aftermarket industry shows the trends as follows:

  • 1.Frequent mergers and acquisitions: while building some of their own outlets, large auto dealers also expand their distribution network by way of mergers and acquisitions, as they did in the first half of 2018 when China Yongda Automobile Services Holdings Limited bought 2 Lynk&Co 4S shops and Grand Baoxin Auto Group Limited acquired 1 Jaguar Land Rover 4S shop, 3 BMW 4S outlets and 1 BMW used car store.
  • 2. Online distribution: the prospering internet is disrupting the way people live and consume, and automotive ecommerce then springs up. Currently, traditional auto dealers are not the only one setting about deploying internet +; some other players are also launching their own internet + automotive distribution modes for a slice of the market. Take examples for SOUCHE, Guazi.com, Uxin and Gome, all of which have online offerings for buyers.
  • 3. Stimulus of Auto finance: the booming auto finance makes cars more affordable. New financial modes such as "zero deposit or 10% deposit" by SOUCHE and Guazi.com among others, have aroused desire in buyers by virtue of simpler purchase process, giving automotive distribution a boost.
  • 4. Increase in used car sales: more new cars in the market favors higher ownership of automobile, which leaves room for used cars. As all local policies that restrict sales of non-local second-hand vehicles are rescinded and the used car ecommerce mode grows mature, China is expected to see a steady growth in number of used cars traded in the market, up to estimated 32.46 million units in 2025.

China Automotive Distribution and Aftermarket Industry Report, 2019-2025 highlights the following:

China automotive distribution industry (distribution modes, profit models, competitive pattern and development trends);

China new car sales, used car sales, automotive finance, car maintenance & beauty and automotive insurance markets (status quo, market size, competitive landscape, development trends, etc.);

14 auto dealers (operation, revenue structure, gross margin, and automotive distribution and aftermarket business).

Table of Contents

Table of Contents

1. Overview

  • 1.1 Development History
  • 1.2 Distribution Pattern
    • 1.2.1 Main Marketing Models
    • 1.2.2 Characteristics of Marketing Models
    • 1.2.3 Imported Car Distribution Pattern
  • 1.3 Automotive Aftermarket
    • 1.3.1 Market Situation
    • 1.3.2 Main Channels
    • 1.3.3 Status Quo

2. Overview of Automotive Distribution Industry in China

  • 2.1 Distribution Model
    • 2.1.1 Passenger Car Distribution Model
    • 2.1.2 Commercial Vehicle Distribution Model
  • 2.2 Profit Model
  • 2.3 Competitive Landscape
    • 2.3.1 Revenue of Top 100 Companies
    • 2.3.2 Comparison by Enterprises' Operation
    • 2.3.3 Comparison by Distribution Channels
  • 2.4 Development Trends
    • 2.4.1 Continuous Industrial M&As Further Raise Market Concentration
    • 2.4.2 More Efforts to Expand Automotive Aftermarket
    • 2.4.3 Automotive Distribution Heads towards "Internet +"
    • 2.4.4 Second Child Policy Promotes the Development of the Industry
    • 2.4.5 Used Car Sales Volume Grows
    • 2.4.6 The Rapid Development of Automotive Finance Boosts the Development of Automotive Distribution Industry
    • 2.4.7 4S Stores Decline Gradually

3 Sales Market of New Vehicle in China

  • 3.1 Automobile Market
    • 3.1.1 Output
    • 3.1.2 Sales Structure
  • 3.2 Passenger Car Market
    • 3.2.1 Output & Sales Volume
    • 3.2.2 Sales Structure
  • 3.3 Commercial Vehicle Market
    • 3.3.1 Output & Sales Volume
    • 3.3.2 Sales Structure
  • 3.4 New Energy Vehicles
    • 3.4.1 Output and Sales Volume
    • 3.4.2 Prospects

4 Chinese Used Car Sales Market

  • 4.1 Market Situation
  • 4.2 Distribution Model
  • 4.3 Transaction
    • 4.3.1 Overall Market
    • 4.3.2 Market Structure
    • 4.3.3 Regional Market
  • 4.4 Competitive Landscape
  • 4.5 Prospects

5 Chinese Automotive Finance Market

  • 5.1 Status Quo
  • 5.2 Market Size
  • 5.3 Competitive Landscape
  • 5.4 Operation of Auto Finance Companies
  • 5.5 Development Trends
    • 5.5.1 Market Share of Auto Finance Companies Grows Further
    • 5.5.2 Used Car Financial Business Grows Rapidly
    • 5.5.3 Cyberization of Used Car Trade
    • 5.5.4 Auto Financial Products Becomes More Diversified
    • 5.5.5 Improved Credit System Pushes the Development of Auto Finance Market
    • 5.5.6 Internet Auto Finance Has Developed into a Trend
    • 5.5.7 Cooperation between Banks and Enterprises Drives Auto Finance
    • 5.5.8 Competition in Auto Finance Industry Intensifies

6 Chinese Auto Repair & Beauty Market

  • 6.1 Market Size
  • 6.2 Investment and Financing
  • 6.3 Competitive Landscape
  • 6.4 Analysis of Channels
  • 6.5 Regional Analysis
  • 6.6 Development Trend
    • 6.6.1 Overall
    • 6.6.2 Channels
  • 6.7 Internet + Auto Repair & Beauty
    • 6.7.1 Status Quo
    • 6.7.2 Business Model
    • 6.7.3 Competitive Landscape

7 Chinese Auto Insurance Market

  • 7.1 Development Background
  • 7.2 Status Quo
  • 7.3 Market Size
  • 7.4 Competitive Landscape

8 Majors Car Dealers in China

  • 8.1 PANGDA Automobile Trade Group Co., Ltd.
    • 8.1.1 Profile
    • 8.1.2 Business Model and Profit Model
    • 8.1.3 Operation
    • 8.1.4 Revenue Structure
    • 8.1.5 Gross Margin
    • 8.1.6 Layout
    • 8.1.7 Sales Volume
    • 8.1.8 Customers
    • 8.1.9 New Energy Vehicle Business
    • 8.1.10 Auto Finance Business
    • 8.1.11 Other Automotive Aftermarket Business
  • 8.2 Sinomach Automobile Co., Ltd.
    • 8.2.1 Profile
    • 8.2.2 Operation
    • 8.2.3 Revenue Structure
    • 8.2.4 Gross Margin
    • 8.2.5 Sales Volume
    • 8.2.6 Imported Car Business
    • 8.2.7 Auto Retail Business
    • 8.2.8 Auto Aftermarket Business
  • 8.3 Zhongsheng Group Holdings Limited
    • 8.3.1 Profile
    • 8.3.2 Operation
    • 8.3.3 Revenue Structure
    • 8.3.4 Gross Margin
    • 8.3.5 Sales Volume
    • 8.3.6 Layout
    • 8.3.7 Automotive Aftermarket
    • 8.3.8 Development Strategy
  • 8.4 Dah Chong Hong Holdings Limited
    • 8.4.1 Profile
    • 8.4.2 Operation
    • 8.4.3 Revenue Structure
    • 8.4.4 Gross Margin
    • 8.4.5 Automotive Distribution Business
    • 8.4.6 Layout
    • 8.4.7 Automotive Aftermarket
    • 8.4.8 Development Strategy
  • 8.5 China Grand Automotive Services Co., Ltd.
    • 8.5.1 Profile
    • 8.5.2 Operation
    • 8.5.3 Revenue Structure
    • 8.5.4 Gross Margin
    • 8.5.5 Layout
    • 8.5.6 Automotive Distribution Business
    • 8.5.7 Used Car Business
    • 8.5.8 Other Auto Aftermarket Business
    • 8.5.9 Development Strategy
  • 8.6 China ZhengTong Auto Services Holdings Limited
    • 8.6.1 Profile
    • 8.6.2 Operation
    • 8.6.3 Revenue Structure
    • 8.6.4 Gross Margin
    • 8.6.5 Layout
    • 8.6.6 Automotive Distribution Business
    • 8.6.7 Auto Aftermarket Business
    • 8.6.8 Development Strategy
  • 8.7 China Yongda Automobile Services Holdings Limited
    • 8.7.1 Profile
    • 8.7.2 Operation
    • 8.7.3 Revenue Structure
    • 8.7.4 Gross Margin
    • 8.7.5 Layout
    • 8.7.6 Automotive Distribution Business
    • 8.7.7 Auto Aftermarket Business
    • 8.7.8 Development Strategy
  • 8.8 Wuxi Commercial Mansion Grand Orient Co., Ltd.
    • 8.8.1 Profile
    • 8.8.2 Operation
    • 8.8.3 Revenue Structure
    • 8.8.4 Gross Margin
    • 8.8.5 Automotive Distribution Business
    • 8.8.6 Auto Aftermarket Business
    • 8.8.7 Development Strategy
  • 8.9 Baoxin Auto Group
    • 8.9.1 Profile
    • 8.9.2 Operation
    • 8.9.3 Revenue Structure
    • 8.9.4 Gross Margin
    • 8.9.5 Layout
    • 8.9.6 Automotive Distribution Business
    • 8.9.7 Auto Aftermarket Business
    • 8.9.8 Development Strategy
  • 8.10 Harmony Auto
    • 8.10.1 Profile
    • 8.10.2 Operation
    • 8.10.3 Revenue Structure
    • 8.10.4 Gross Margin
    • 8.10.5 Layout
    • 8.10.6 Automotive Distribution Business
    • 8.10.7 Auto Aftermarket Business
    • 8.10.8 Development Strategy
  • 8.11 Yaxia Automobile
    • 8.11.1 Profile
    • 8.11.2 Operation
    • 8.11.3 Revenue Structure
    • 8.11.4 Gross Margin
    • 8.11.5 Automotive Distribution Business
    • 8.11.6 Auto Finance Business
    • 8.11.7 Other Auto Aftermarket Business
  • 8.12 Materials Industry Zhongda Group Co., Ltd.
    • 8.12.1 Profile
    • 8.12.2 Operation
    • 8.12.3 Automotive Distribution Business
  • 8.13 Lei Shing Hong Limited (LSH)
    • 8.13.1 Profile
    • 8.13.2 Automotive Distribution Business
  • 8.14 Hengxin Automotive
    • 8.14.1 Profile
    • 8.14.2 Automotive Distribution Business

Selected Charts

  • Development History of Automotive Distribution in China
  • Major Means of Automotive Distribution in China
  • Comparison: Characteristics of Different Automotive Distribution Modes
  • Comparison: Business Model of Imported Cars and China-made Cars
  • Automotive Aftermarket Segments
  • China's Automotive Aftermarket Size, 2015-2025E
  • Procedures for Constructing Passenger Car 4S Shop in China
  • Cost Structure for Constructing 4S Shop
  • Service Scope of Automotive Distribution in China
  • Profit Model of New Car Sales of Dealers in China
  • Dealers' Profitability from Different Car Models
  • 4S Outlet Numbers of Top 100 Auto Dealers in China, 2010-2017
  • Total Revenue of Top 100 Dealers in China, 2010-2018
  • Number of Car Dealers with the Revenue of over RMB10 billion in China, 2010-2017
  • Revenue of the Ranking No.1 among Top 100 Car Dealers in China, 2010-2017
  • Vehicle Sales Volume of Top 100 Car Dealers in China, 2010-2017
  • Top 20 Car Dealers by Revenue in China, 2018
  • New Car Sales Volume Comparison between Chinese Car Dealers, 2015-2018
  • Revenue Comparison between Major Chinese Car Dealers, 2013-2018
  • Net Income Comparison between Major Chinese Car Dealers, 2013-2018
  • Automobile Sales Gross Margin of Major Chinese Car Dealers, 2013-2018
  • After-sales Service Gross Margin of Major Chinese Car Dealers, 2013-2018
  • Comparison between Major Chinese Car Dealers by Number of 4S Shops, 2015-2018
  • M&A Cases in China Automotive Distribution Industry, 2016-2018
  • Layout of Major Chinese Car Dealers in each Field of Automotive Aftermarket
  • Cases of Automotive Distribution Industry's Layout on Internet + in China
  • China's Used Car Trading Volume, 2016-2025E
  • China's Automobile Output, 2011-2019
  • China's Automobile Sales Volume, 2011-2019
  • China's Automobile Output and Sales Volume, 2018-2025E
  • Sales Volume of Top 10 Automotive Brands in China by Type, 2018
  • China's Automobile Sales Volume Structure (by Type), 2011-2019
  • China's Automobile Sales Volume Structure (by Type), 2018-2025E
  • China's Passenger Car Output, 2011-2019
  • China's Passenger Car Sales Volume, 2011-2019
  • China's Passenger Car Output and Sales Volume, 2018-2025E
  • China's Passenger Car Sales Volume (by Type), 2011-2018
  • China's Passenger Car Sales Volume Structure (by Type), 2011-2018
  • Sales Volume of Top 10 Passenger Car Brands in China by Type, 2018
  • China's Commercial Vehicle Output, 2011-2019
  • China's Commercial Vehicle Sales Volume, 2011-2019
  • China's Commercial Vehicle Output & Sales Volume, 2018-2025E
  • China's Commercial Vehicle Sales Volume (by Type), 2011-2018
  • China's Commercial Vehicle Sales Volume Structure (by Type), 2011-2018
  • China's New Energy Vehicle (EV&PHEV) Output and Sales Volume, 2011-2019
  • China's New Energy Vehicle (EV&PHEV) Sales Volume (by Type), 2016-2019
  • China's New Energy Vehicle (EV&PHEV) Output (by Type), 2016-2019
  • Policies on China's New Energy Vehicle Industry, 2009-2018
  • Ratio of Used Cars to New Cars in China, 2012-2019
  • Main Trade Modes for Used Cars in China
  • Trade Modes for Used Cars in Major Countries
  • Trading Volume and YoY Growth Rate of Used Cars in China, 2011-2019
  • Proportion of Used Car Trading Volume in China (by Type), 2014-2018
  • Proportion of Used Car Trading Volume in China (by Service Life), 2010-2018
  • Proportion of Used Car Trading Volume in China (by Price Range), 2017
  • Proportion of Used Car Trading Volume in China (by Price Range), 2018
  • Top 10 Regions by Used Car Trading Volume in China, 2017
  • Top 10 Regions by Used Car Trading Volume in China, 2018
  • Layout of Major Chinese Car Dealers in Used Car Market
  • Penetration of Auto Finance in China, 2015-2023E
  • Auto Finance Market Size in China, 2014-2023E
  • Auto Finance Related Enterprises Invested by BATJ
  • Advantages and Disadvantages of Major Auto Finance Practitioners in China
  • Competition Pattern of Auto Finance Market in China, 2017
  • Major Auto Finance Companies in China, 2018
  • Operating Results of Major Auto Finance Companies in China, 2017
  • Total Assets of Auto Finance Companies in China, 2013-2017
  • Loans of Auto Finance Companies in China (by Type), 2013-2017
  • Main Business Structure of Auto Finance Companies in China, 2013-2017
  • Number of Automobiles (by Type) that Received Loans from Auto Finance Companies in China, 2013-2017
  • Asset Backed Securities (ABS) of Chinese Auto Finance Companies, 2017
  • Market Shares of Auto Finance Companies in China, 2016-2023E
  • Channels for Chinese to Buy and Sell Used Cars, 2018
  • Key Factors for Chinese Netizens to Buy and Sell Used Cars Online, 2018
  • Key Features of Used Car Netizens in China, 2018
  • Cases of Chinese Internet Firms that Make Layout in Internet Auto Finance
  • Cases of Banks and Enterprises that Work Together to Make Layout in Auto Finance
  • Market Size of China's Auto Repair & Beauty Industry, 2012-2025E
  • Main Financing Cases of Auto Repair & Beauty Industry, 2016-2018
  • Major Competitors in China's Auto Repair & Beauty Industry
  • Comparison between Auto Repair & Beauty Channels in China
  • Distribution of Auto Repair & Beauty Chain Brands in China's Key Areas
  • Relative Advantages of Network Auto Repair & Beauty
  • Main Business Models of Internet Platforms for Repair and Maintenance
  • Some Auto Repair & Beauty Network Platform Projects in China
  • Regional Distribution of Auto Repair & Beauty Network Platform Projects in China
  • The Reform of the Administration System for Commercial Motor Vehicle Insurance Clauses and Premium Rates
  • China's Automotive Insurance Premium Income, 2010-2018
  • China's Premium Income from Compulsory Insurance for Vehicle Traffic Accident Liability and YoY Growth, 2010-2018
  • China's Automotive Insurance Premium Income, 2018-2025E
  • Top 20 Auto Insurance Companies by Revenue, 2018
  • Procurement Model of Pangda Automobile's 4S Shops
  • Sales Model of Pangda Automobile's 4S Shops
  • Profit Model of Pangda Automobile's 4S Shops
  • Revenue and Net Income of Pangda Automobile, 2013-2018
  • Revenue of Pangda Automobile (by Business), 2014-2016
  • Revenue Structure of Pangda Automobile (by Business), 2014-2018
  • Gross Margin of Pangda Automobile, 2014-2018
  • Number of Pangda Automobile's Business Outlets (by Type), 2012-2017
  • Regional Distribution of Opened Outlets of Pangda Automobile by End 2017
  • Vehicle Sales Volume and Inventory of Pangda Automobile, 2015-2017
  • Revenue and % of total Revenue from Top Five Customers of Pangda Automobile, 2013-2017
  • Core Competitiveness of Pangda Automobile
  • Revenue and Net Income of Sinomach Automobile, 2013-2018
  • Purpose of Raised Fund through Private Offering of Sinomach Automobile, 2016
  • Revenue of Sinomach Automobile (by Business), 2013-2017
  • Revenue Structure of Sinomach Automobile (by Business), 2013-2017
  • Revenue of Sinomach Automobile (by Region), 2013-2017
  • Revenue Structure of Sinomach Automobile (by Region), 2013-2017
  • Gross Margin of Sinomach Automobile (by Business), 2013-2017
  • Sales Volume and Inventory of Sinomach Automobile, 2015-2017
  • Major Cooperative Manufacturers of Zhongsheng Group
  • Revenue and Net Income of Zhongsheng Group, 2013-2018
  • Revenue of Zhongsheng Group (by Business), 2013-2018
  • Revenue Structure of Zhongsheng Group (by Business), 2013-2018
  • Gross Margin of Zhongsheng Group, 2013-2018
  • Gross Margin of Zhongsheng Group (by Business), 2013-2017
  • New Car Sales Volume of Zhongsheng Group, 2011-2018
  • Luxury Brand New Car Sales Volume and % of Total Sales Volume of Zhongsheng Group, 2011-2018
  • Number of Zhongsheng Group's Outlets (by Region), 2014-2018
  • Number of Zhongsheng Group's Outlets (by Grade), 2011-2018
  • Number of Zhongsheng Group's Outlets by Brand, as of 2018H1
  • National Layout of Zhongsheng Group, by end of 2018H1
  • Revenue and Net Income of DCH, 2013-2018
  • Revenue Breakdown of DCH (by Business), 2016-2018
  • Gross Margin of DCH, 2013-2018
  • Automobile & Automobile-related Business Customers of DCH
  • Revenue of DCH's Automobile and Automobile-related Business (by Region), 2013-2018
  • Revenue Structure of DCH's Automobile and Automobile-related Business (by Region), 2013-2018
  • Automobile Sales Volume of DCH (by Region), 2011-2018
  • Number of DCH's 4S Shops and Showrooms, 2011-2018
  • Number of DCH's Showrooms by Brand, 2015-2018
  • Revenue and Net Income of China Grand Auto, 2014-2018
  • Revenue Breakdown of China Grand Auto (by Business), 2015-2017
  • Gross Margin of China Grand Auto (by Business), 2015-2017
  • Number of Outlets of China Grand Auto by Region, by Jun 30, 2018
  • Number of China Grand Auto's 4S Shops (by Type), as of Jun.30, 2018
  • New Car Sales Volume of China Grand Auto, 2014-2018
  • Number of Vehicles through Used Car Agent Transaction of China Grand Auto, 2015-2018
  • Number of Times with After-sales Maintenance of China Grand Auto, 2015-2018
  • Number of Vehicles with Financial Leasing Business of China Grand Auto, 2015-2018
  • Revenue and Net Income of ZhengTong Auto, 2013-2018
  • Revenue of ZhengTong Auto (by Business), 2013-2018
  • Revenue Structure of ZhengTong Auto (by Business), 2013-2018
  • Gross Margin of ZhengTong Auto (by Business), 2013-2018
  • National Layout of ZhengTong Auto, as of Jun.30, 2018
  • Number of ZhengTong Auto's Business Outlets (by Type), as of Jun.30, 2018
  • New Car Sales Volume of ZhengTong Auto (by Brand), 2013-2018
  • New Car Revenue of ZhengTong Auto (by Brand), 2013-2018
  • Revenue of Shanghai Dongzheng Automotive Finance, 2015-2018
  • Industry Chain of Yongda Auto Business
  • Revenue and Net Income of Yongda Auto, 2013-2018
  • Revenue of Yongda Auto (by Business), 2013-2018
  • Revenue Structure of Yongda Auto (by Business), 2013-2018
  • Gross Margin of Yongda Auto, 2013-2018
  • Gross Margin of Yongda Auto (by Business), 2013-2018
  • Number of Outlets of Yongda Auto (by Type), as of June 30, 2018
  • Outlet Distribution of Yongda Auto in China, as of June 30, 2017
  • Brand Coverage of Yongda Auto, As of June 30, 2018
  • New Passenger Car Sales Volume of Yongda Auto (by Type), 2013-2018
  • New Sales Structure of Yongda Auto (by Brand), 2013-2018
  • Revenue from Self-operated Financial Business of Yongda Auto, 2013-2018
  • Revenue and Net Income of Grand Orient, 2013-2018
  • Revenue of Grand Orient (by Business), 2013-2018
  • Revenue Structure of Grand Orient (by Business), 2013-2018
  • Gross Margin of Grand Orient by Business, 2013-2018
  • Automobile Sales & Services and Business Model of Grand Orient
  • Revenue and % of Automobile Sales & Services of Grand Orient, 2013-2018
  • Revenue and Net Income of Baoxin Auto Group, 2013-2018
  • Revenue of Baoxin Auto Group (by Business), 2013-2018
  • Revenue Structure of Baoxin Auto Group (by Business), 2013-2018
  • Gross Margin of Baoxin Auto Group (by Business), 2013-2018
  • Sales Volume of Baoxin Auto Group (by Type), 2014-2018
  • Revenue of Automobile Sales of Baoxin Auto Group (by Type), 2013-2018
  • Revenue and Net Income of Harmony Auto, 2013-2018
  • Revenue of Harmony Auto (by Business), 2013-2018
  • Revenue Structure of Harmony Auto (by Business), 2013-2018
  • Gross Margin of Harmony Auto (by Business), 2013-2018
  • Number of Dealers Outlets of Harmony Auto, as of June 30, 2018
  • New Car Sales Volume of Harmony Auto, 2013-2018
  • Revenue and Net Income of Yaxia Automobile, 2013-2018
  • Revenue Breakdown of Yaxia Automobile by Business, 2013-2018
  • Revenue Structure of Yaxia Automobile by Business, 2013-2018
  • Gross Margin of Yaxia Automobile by Business, 2013-2018
  • Automobile Sales Volume of Yaxia Automobile, 2012-2017
  • Revenue from Auto Finance Business of Yaxia Automobile, 2013-2018
  • Revenue and Net Income of Materials Industry Zhongda Group Co., Ltd., 2014-2018
  • Revenue and Net Income of Yuantong Automobile, 2014-2018
  • Major Partners of LSH
  • Global Presence of LSH
  • Operation Network of Hengxin Automotive
  • Cooperated Brands of Hengxin Automotive
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