Yao Zhenhua reported the assets involved in the second auction and they were sold off.

On the morning of January 16, the JD Asset Trading Platform showed that the second auction of the GWM Changshu factory had failed, with over 60,000 people watching the auction. On January 14, Yao Zhenhua, the chairman of Baoneng Group and the actual controller of GWM, released a video report in which he claimed that the core assets of the Changshu factory were undervalued and auctioned off. In response to this incident, on the afternoon of January 15, the person in charge of the Changshu Municipal Party Committee's Propaganda Department responded to the media, stating that the accusations were all untrue.