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Is Penglong Benz a state-owned enterprise?
Yes

Zhoukou Penglong Benz is a state-owned enterprise. It is a Mercedes-Benz 4S shop officially authorized by Mercedes-Benz manufacturers. The company integrates automobile sales and after-sales service, and the exhibition hall is built with the latest MAR2020 dealer standards of Mercedes-Benz.

Zhoukou Penglong Mercedes-Benz was founded on 20 19, and it is the only authorized dealer of Mercedes-Benz in Zhoukou. Its subsidiary belongs to the large state-owned BAIC Group.