ROMOSS Suspends Operations for Six Months Amid Safety Scandal and Suspected Executive Flight
Leading Chinese power bank manufacturer ROMOSS has announced a six-month suspension of all production and business operations starting July 7, following a major safety crisis. The shutdown stems from the recall of approximately 490,000 defective units containing battery cells contaminated with metallic particles, which posed fire risks. Consequently, China’s State Administration for Market Regulation revoked ROMOSS’s 3C certification, leading to the removal of its products from major e-commerce platforms. During the suspension, most employees will receive only a minimal living allowance after the first month, a move many interpret as a de facto layoff since access to offices has been restricted. While over 100 temporary agents were hired for recall services, reports indicate that five senior executives have gone missing and are suspected of fleeing to Malaysia amidst allegations of asset transfers. The incident also involves Anker Innovations, which jointly recalled affected products. With official stores shut down due to cash flow issues and no formal response from the company, ROMOSS faces a severe operational and reputational collapse triggered by upstream supplier failures and alleged corporate misconduct.
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ROMOSS Suspends Operations for Six Months Amid Safety Scandal and Suspected Executive Flight
Leading Chinese power bank manufacturer ROMOSS has announced a six-month suspension of all production and business operations starting July 7, following a major safety crisis. The shutdown stems from the recall of approximately 490,000 defective units containing battery cells contaminated with metallic particles, which posed fire risks. Consequently, China’s State Administration for Market Regulation revoked ROMOSS’s 3C certification, leading to the removal of its products from major e-commerce platforms. During the suspension, most employees will receive only a minimal living allowance after the first month, a move many interpret as a de facto layoff since access to offices has been restricted. While over 100 temporary agents were hired for recall services, reports indicate that five senior executives have gone missing and are suspected of fleeing to Malaysia amidst allegations of asset transfers. The incident also involves Anker Innovations, which jointly recalled affected products. With official stores shut down due to cash flow issues and no formal response from the company, ROMOSS faces a severe operational and reputational collapse triggered by upstream supplier failures and alleged corporate misconduct.
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