Dongguan Hongqiang Second-hand Motor Vehicle Import and Export Co., Ltd. was established in September 2020 with a registered capital of RMB 30 million, an area of 25,000 square meters, and a total investment of RMB 200 million. It can accommodate 2,000 commercial vehicles for indoor display and sales at the same time, with an average annual automobile export volume of more than 6,000 units. Invested by the Chinese government and with a state-owned enterprise background, the government provides an exclusive vehicle management office to handle export business. In April 2021, after strict screening by the Guangdong Provincial Department of Commerce, it became the first company in Dongguan to obtain the qualification to export second-hand cars. On June 8, 2022, Dongguan Hongqiang successfully passed the "2022 Second-hand Car Export Pilot Enterprise Comprehensive Assessment" of the Guangdong Provincial Department of Commerce, obtained government automobile export subsidies, and simplified export procedures.
