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.
As of March 2023,
CALI's stock is traded on the NASDAQ exchange under the ticker symbol
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