70 Years of Experience
70 Years of Experience
70 Years of Excellence
Driving Our Community into a Sustainable Future
Words from Senior Executives
Chairman of Hong Kong Jardine Matheson Limited
YK Pang
Zung Fu’s 70-year partnership with Mercedes-Benz has established the company as Hong Kong’s longest-standing automotive dealership, a testament to the professionalism, dedication and customer-focused teamwork of all our colleagues. Throughout my eight-year tenure at Zung Fu, I have been profoundly impressed by the camaraderie and pride shared among everyone here. There is a spirit of mutual support and cooperation, with each team member giving their all even in the most challenging times, to provide exceptional and attentive service for our customers.
The team spirit at Zung Fu was not forged overnight but has been cultivated over seven decades. Many colleagues have risen through the ranks, from apprentices and management trainees to leadership roles. This wealth of experience means our staff possess an extensive knowledge of the company’s history and the operational intricacies of all our vehicles, enabling them to offer expert advice to customers at any time. As a result, we have built a loyal, long-term customer base, with some families spanning three or more generations who consistently choose automotive brands represented by the Zung Fu Group.
I have always emphasised the importance of attention to detail in retail. Mercedes-Benz, as a luxury automotive brand, symbolises the best in quality. We strive for excellence in our service offerings, with a particular focus on safety. We have had numerous instances where customers involved in serious traffic accidents emerged unscathed, despite their vehicles being total losses, thanks to the protection their vehicles provided and the excellent maintenance by Zung Fu. Their subsequent expressions of gratitude underscore the unwavering trust customers place in Mercedes-Benz and Zung Fu.
With the flourishing economy and improved connectivity of the Greater Bay Area via the Hong Kong–Zhuhai– Macao Bridge and the recently opened Shenzhen– Zhongshan Link, the number of Hong Kong vehicles travelling to and from Mainland China is set to increase. In addition to business activities, the Greater Bay Area is becoming a popular leisure destination, presenting new opportunities for the local automotive retail and service industry.
Looking ahead, I am confident that Zung Fu Group will continue to dedicate itself to creating superior mobility experiences for our customers. We aim to sustain our customers’ enthusiasm for Zung Fu Group’s products and services, whether they be Mercedes-Benz passenger cars, Mercedes-Benz commercial vehicles, smart, Hyundai, Foton commercial vehicles, or our new addition BYD’s luxury new-energy vehicle brand DENZA, catering to the needs of customers from all segments. As we pursue further business diversification, I wish Zung Fu Group even greater success in the coming decades.
YK Pang
Chairman of Hong Kong Jardine Matheson Limited
Chief Executive of Jardine Pacific Limited
Elton Chan
Zung Fu and Mercedes-Benz have proudly entered their 70th year of partnership in the automotive dealership business, marking a new chapter in our enduring relationship.
As one of Jardine Pacific’s longest-standing subsidiaries, Zung Fu serves as Jardines’ gateway to renowned global automotive brands. Beyond business development, Zung Fu has been an academy for the automotive industry, nurturing immense talent and making significant contributions to the sector. In Hong Kong and Macau, Zung Fu holds the distinction of being the longest-standing dealership. With the Group’s formidable support, we enjoy expanded resources and scope, instilling confidence in partners and playing a crucial role in fostering and maintaining long-term collaborative relationships.
Reflecting on our greatest achievements over the past decade, our recent successful transformation and business diversification stand out. We have persistently explored new operational models, from entering the mainland Chinese market in the 1980s to recently innovating the showroom experience at the Mercedes-Benz Brand Centre in Chai Wan. With the rise of electric vehicles, Zung Fu Group was quick to seize opportunities, proactively seeking partnerships with emerging brands and actively conceptualising new business directions.
In terms of brand image, business models and services, staying attuned to demands of an ever-changing market landscape and remaining adaptable are essential for success. Zung Fu has also had the privilege of witnessing the explosive growth of the mainland Chinese automotive market over the past decade, gaining insights into how to stand out amidst fierce competition — an experience that proves invaluable in today’s EV-dominated world.
The key to Zung Fu Group’s successful transformation also lies in its heritage. Generations of our management have remained steadfast in their commitment to integrity, safety, and compliance. Our predecessors have been dedicated to passing on their experience and networks, attributes that are highly valued by our partners and fundamental to our enduring success.
Looking ahead, EV products will become more technologically advanced, while customer demographics will trend younger. We need to cultivate talent within this innovative landscape to better align with customer expectations. Undoubtedly, more customers in Hong Kong and Macau are showing interest in mainland Chinese EVs. We must adapt our strategies to this trend — a challenge our team must explore and embrace.
Fortunately, the Hong Kong automotive market is very stable and highly conducive to EV development, allowing Zung Fu Group to experiment boldly with different approaches and further explore sustainable urban mobility. I believe that as long as we continue to pursue the best products, the highest quality of service, and the most innovative marketing strategies, we will undoubtedly stand out in the flourishing EV market and maintain our position as an industry leader.
Elton Chan
Chief Executive of Jardine Pacific Limited
Chief Executive of Zung Fu Group
Simon Arnold
2024 marks a very special milestone for Zung Fu Group as we celebrate 70 great years in the automotive business. At the heart of this journey lies the very special relationship between Zung Fu and Mercedes-Benz that has evolved and grown ever stronger. This relationship is so close that our customers see us as one — where, through our shared passion for the star, we have always remained committed to delivering the very best of Mercedes-Benz journeys and care to our customers.
This milestone is the perfect opportunity to step back from the daily hustle and bustle to appreciate all that has been achieved and the market leadership that has been built by the passion and professionalism of all our colleagues in Zung Fu Group today and those that have come before us.
While it is important to look back and take pride in what has been achieved, it is even more important to look forward. We are embracing an era of exciting innovation across the auto market, our competitive landscape, and Hong Kong itself. As our customers’ needs, expectations and behaviours evolve, we at Zung Fu Group are seizing this opportunity to reinvent ourselves. This transformation allows us to stay at the forefront of the industry, ensuring we remain deeply connected and highly relevant to our customers’ changing priorities.
Through this transformation, we are choosing to build a path of continued growth and strength that will ensure our leadership in the new-energy vehicle (NEV) world of the future. We have chosen a path with a renewed and meaningful purpose: Driving Hong Kong and Macau into a sustainable future. We are not only building a stronger and more resilient Zung Fu Group but, even more importantly, we are doing our part to build better communities around us by accelerating NEV mobility adoption across all parts of Hong Kong and Macau.
Our collective efforts have already yielded impressive results as we swiftly advance our NEV Leadership Strategy. We are making significant strides across three key pillars:
1. Evolving our brand portfolio and business models for a NEV world;
2. Driving Customer Lifetime Value (CLV); and
3. Scaling sustainably.
We have built a strong foundation with our Mercedes-Benz passenger car, van and truck businesses that have established our leadership in the premium segments. Now, through a series of additional partnerships with smart, DENZA, Hyundai, Foton and most recently BYD commercial vehicles, we are successfully expanding our market coverage from mass to premium in both the passenger car and commercial vehicle markets. We are even contributing to advancing Hong Kong’s new-energy initiatives, for example, by winning the very first hydrogen fuel cell project and partnering with the Government to pilot the use of this technology in our community.
We are now creating a Zung Fu ecosystem of brands, expertise and offerings where we can help meet the mobility needs of all customers, no matter where they are on their journey and what their needs may be. These new partnerships and brands will generate numerous opportunities for Zung Fu Group as well as the career development, upskilling and growth of our talent.
Finally, what makes me even more confident that we will successfully transition from internal combustion vehicles (ICE) to NEV leadership is the very thing at the core of Zung Fu Group’s lasting success: our people and our ability to build lasting trust with our customers by delivering the very best experiences, professionalism and care. No matter how dynamic and fast-paced the market evolution may be, as long as we remain focused on changing with our customers’ needs and wants, we will continue to grow and lead the pack.
Simon Arnold
Chief Executive of Zung Fu Group
Chief Executive / Jardine Pacific Limited
Elton Chan
Zung Fu and Mercedes-Benz have proudly entered the 70th year of partnership in the automotive dealership business, marking a new chapter in our enduring relationship.
Zung Fu has evolved into a leading academy for automotive excellence.
Milestones in 7 Decades
SUSTAINABILITY
Driving Our Community into a Sustainable Future
Zung Fu Talents
Our People, Our Legacy
EVENT HIGHLIGHT
Zung Fu Group 70th anniversary annual dinner
Zung Fu Group celebrated the momentous 70th anniversary at our annual dinner. Highlighting our renewed and meaningful purpose of “Driving our community into a sustainable future”, various activities and performances were held echoing this theme, including staff performances and awards presentations including Best Employee Awards, Long Service Awards and many more. Looking ahead, we will continue to grow sustainably, building on our strong foundation to embrace many more dynamic and promising years to come.
OFFERS
ZF 70th Anniversary Special Offers
*Subject to terms and conditions. Eligible for "One-for-one" Electric Vehicle Replacement Scheme
^Subject to terms and conditions.
¹Trade-ins must be processed through Zung Fu Hong Kong. Terms and conditions apply
²Applicable to selected smart BRABUS models in stock
³Applicable only to smart #1 BRABUS
⁴Available while stocks last. First-come, first-served