800 Million Yuan Acquisition of 50 4S Stores: Strategic Integration and Future Outlook Among Loss-Making Groups

At the end of 2025, ZhengTong Group acquired all of Xiamen Xinda's loss-making automobile dealership business for 816 million yuan, involving nearly 50 4S stores and automobile sales operations in Thailand. This acquisition is seen as a strategic integration under the background of state-owned enterprises, aiming to optimize resource allocation, strengthen the core business, and prepare for future industry recovery. ZhengTong hopes to expand its business scale and market share through this move, while using Xiamen Xinda's 4S store network to fill regional market gaps. Despite facing many challenges, ZhengTong believes this is a gamble to survive, hoping to seize the initiative during the industry recovery period.