宝能集团与威马汽车的传闻不断。 2025年1月，上海破产法庭受理威马重整申请，威马债权人会议通过了重整计划草案，深圳翔飞汽车销售公司成为唯一报名成功的战略投资人。 深圳翔飞的股权结构备受关注：法人黄晶同时控制昆山宝能汽车，其两大股东——深圳卓凯企业管理有限公司与深圳凤宇企业管理有限公司——也深度参 与多家宝能系公司。 因此，宝能实际上就是威马重组背后的投资方。而最近的一则报道，更是确认了这一信息。近日，有媒体在深圳罗湖宝能汽车展厅发现：宝能汽车旗下悠 宝利A3展车后方停着威马E.5与EX5，店员更是直言"威马已被宝能收购"。 各种迹象表明，宝能入主威马的消息距离"官宣"只差一步。值得一提的是，威马此前发布了十分"宏大"的复产计划与目标。威马计划将在2025年实现复工 宝能到底看中了威马的，到底是造车资质、还是产品与研发能力？或许还有其他的目的。 威马能给宝能带来什么？ 威马仅余的可用资产，主要是生产资质、工厂设备与产品。 自2022年底威马暴雷至今，时间已过去近3年。威马的产品在三年前都很难卖好，放到今天来看同样也不可能在竞争更为激烈的车市中分得一杯羹。只能 说，威马的技术底子尚强于宝能，可放在当下激烈竞争的 ...

Group 1 - The core viewpoint of the article is that Changan Automobile has gained an opportunity for independent development due to the failure of its joint ventures, which has ultimately led to its elevation to a first-tier state-owned enterprise, avoiding a merger with Dongfeng Motor Group [2][3][31] - In 2024, Changan's sales reached 2.684 million units, while Dongfeng's sales were 1.896 million units, indicating a 41.6% lead for Changan [1] - Changan's revenue in 2024 was 159.7 billion, compared to Dongfeng's 106.2 billion, marking a 50.4% advantage for Changan [1] Group 2 - Changan's net profit in 2024 was 2.59 billion, while Dongfeng reported a net loss of 690 million [1] - In the new energy vehicle sector, Changan sold 735,000 units in 2024, accounting for 27.4% of its total sales, while Dongfeng sold 395,000 units, representing 20.8% [1] - Changan's self-owned brand sales reached 2.226 million units in 2024, making up 93% of its total sales, a significant increase from 75% in 2020 [6][9] Group 3 - Changan's joint ventures, particularly with Ford, have seen a significant decline in performance, with investment income from Changan Ford turning negative in recent years [16][19] - The cash dividends from joint ventures have drastically decreased, with Changan receiving only 134 million in 2024, a mere 11.4% of what it received in 2016 [19][21] - The article highlights that Changan's early shift to focus on self-owned brands has allowed it to avoid the pitfalls faced by other automakers reliant on joint ventures [30][31] Group 4 - The article discusses the competitive landscape, noting that traditional automakers like SAIC and GAC are also facing challenges as the market shifts towards electric vehicles [32][35] - It emphasizes the importance of adapting to market changes, particularly in the context of price wars in the electric vehicle sector, which could further impact the profitability of joint ventures [32][34] - The government stance on maintaining fair competition while opposing disorderly price wars is also mentioned, indicating a complex regulatory environment for automakers [34][36]

6月5日，重庆长安汽车股份有限公司（以下简称"长安汽车"）与东风汽车集团股份有限公司（以下简称"东风汽车"）相继发布公告，将央企汽车板块重组的 最新进展推至公众视野。这场涉及三大军工央企、总资产超万亿元的资本运作，因长安汽车控股股东中国兵器装备集团实施分立重组而出现转折。长安、东 风重组进程再生变数。 总体而言，央企汽车板块的整合，意义非凡，它不仅紧密关联着两家企业的兴衰存亡，更肩负着推动中国汽车产业从"规模扩张"的传统模式向"价值创造"新 路径转型的重任。未来，这场重组将走向何方，GPLP犀牛财经将拭目以待。 此外，重组还采取"中央大脑+地方四肢"创新模式，在武汉、重庆保留制造基地，预计每年可减少资源错配约210亿元。 长安汽车顺利完成央企身份的升格转变，而东风公司却暂缓了资产重组的步伐。 不过虽然"东风系"方面已表示"不涉及此次重组"，但这似乎并不意味着长安、东风重组的彻底结束。顶层设计对汽车央企重组决心很大，估计暂停一段时间 后还会继续。 央企汽车公司此前也有合作先例，拟通过重组整合加速资源协同。长安汽车与东风集团同属央企阵营，在传统燃油车与新能源领域均存在业务重叠，导致资 源分散，重组可通过消除内耗， ...

根据天眼查显示，5月22日，江苏高合汽车有限公司完成工商注册，注册资本1.43亿美元。股权结构显示，黎巴嫩电动汽车公司EV Electra Ltd.出资1亿美元 获得69.8%控股权，华人运通（江苏）技术有限公司持股30.2%。 另外，有媒体报道，EV Electra计划出资10亿美元参与华人运通(高合汽车)重组，并谋求控股。对方同时承诺，未来三年不低于每年十万辆或不低于三十亿 美元的海外采购订单。这一消息的曝光，让外界猜测深陷停工危机的高合汽车或迎来转机。 | 企业名称 | 江苏高合汽车有限公司 | | | | | | --- | --- | --- | --- | --- | --- | | 法定代表人 | J Jihad Mohammad | 登记状态 2 | 在业 | 天眼评分 2 | 97 | | | | 成立日期 | 2025-05-22 | | | | 统一社会信用代码 7 | 91320991MAEKRJAY1H | 注册资本 ② | 14326.65万美元 | 实缴资本 | | | 工商注册号 | 320991400003339 | 纳税人识别号 2 | 91320991MAEKRJAY1H ...