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What is the relationship between Penglong Guo Rong and Mercedes-Benz?

Beiqi Penglong is the third largest dealer group of Mercedes-Benz in China. According to official website of BAIC Penglong, BAIC Penglong is the development platform of automobile service trade business under BAIC Group (ranking in 2022 162), an important part of the main automobile industry chain of BAIC Group and one of the core enterprises of BAIC Group. BAIC Penglong is the third largest dealer group of Mercedes-Benz in China, and a large-scale enterprise with complete industrial chain among the service trade enterprises under China Automobile Manufacturing Group.