iShares Short-Term California Muni Active ETF (CALI)

China Auto Logistics Inc. (CALI) is a Delaware-registered company based in Tianjin, China, engaged in the sales and trading of imported luxury cars in China. CALI also provides financing services for dealers and customers.

The company primarily operates through its subsidiary, Tianjin Binhai Shisheng Trading Group Co., Ltd., which imports and sells high-end luxury automobiles, such as Mercedes-Benz, Audi, BMW, and Porsche, as well as luxury passenger cars from other countries. CALI also provides logistics services, such as storage, maintenance, and repair, for its imported vehicles.

CALI's financing services, provided through its subsidiary, Tianjin Binhai Finance Company Ltd., include commercial loans, guarantees, letters of credit, and other financing services to dealers and customers of the company's imported luxury cars.

CALI aims to capitalize on the growing demand for luxury cars in China, which has become the world's largest auto market. However, the company faces intense competition from other luxury car dealers, as well as regulatory and economic risks associated with operating in China.