Borgward has reportedly vacated its headquarters in Stuttgart as of 2020 with calls to the office going unanswered. By 2021, most vehicle productions have been ceased. Borgward's Malaysian operations have been discontinued due to lack of shipment of vehicle models from China and mediocre sales. Ucar denied news that the company went bankrupt, but acknowledged difficulties in finding investors while it entered administration in June 2021. However, a Beijing court ordered its assets seized for failing to pay debt in December 2021.
