Recently, insiders revealed that Baoneng Auto is currently in a situation where it has ‘no cars to sell,’ sparking widespread market concerns about the sustainability of its automotive business. As a real estate company that once made a high-profile entry into the new energy vehicle (NEV) sector, Baoneng acquired Qoros Auto in 2017 and invested tens of billions of yuan in an attempt to build its own premium smart electric vehicle brand. However, years later, its product rollout has been sluggish, sales remain weak, and its factories have repeatedly been reported as idling or halting production.According to sources familiar with the matter, Baoneng Auto not only lacks available models for sale but also struggles to maintain basic production and delivery capabilities. Some customers who have already placed orders are facing long delays—or even the inability—to take delivery of their vehicles. Compounding these issues are tight cash flow, frequent management reshuffles, and significant talent attrition from its R&D teams.Analysts note that while Baoneng’s ambition to enter the auto industry was bold, it has clear weaknesses in core technology development, supply chain integration, and market operations. In today’s increasingly competitive NEV market, companies without consistent product output and consumer trust will find it extremely difficult to survive. If Baoneng fails to quickly reverse its current trajectory, its automotive venture risks being phased out entirely.
近日，有内部人士透露，宝能汽车目前处于‘无车可卖’的困境。这一消息引发了市场对其造车业务可持续性的广泛质疑。作为曾高调进军新能源汽车领域的房地产企业，宝能自2017年收购观致汽车以来，投入数百亿元资金，试图打造自主高端智能电动车品牌。然而，多年过去，其产品落地缓慢，销量低迷，工厂多次传出停工停产的消息。据知情人士称，宝能汽车当前不仅缺乏在售车型，连基本的生产交付能力也难以保障。部分已下订单的消费者面临长时间等待甚至无法提车的窘境。与此同时，公司资金链紧张、管理层频繁变动、研发团队流失等问题进一步加剧了其经营危机。分析人士指出，宝能跨界造车虽具雄心，但在核心技术积累、供应链整合及市场运营方面存在明显短板。在竞争日益激烈的新能源汽车赛道，缺乏持续产品输出和用户信任的企业很难立足。若无法迅速扭转局面，宝能汽车恐将面临被市场淘汰的风险。
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