Romoss

Power bank manufacturer Romoss is facing a severe financial crisis following a recent product incident, with estimated monthly losses of 100-200 million yuan. Reports indicate a significantly reduced workforce, large amounts of idle inventory, and employee/supplier protests outside the Shenzhen headquarters. Senior management is reportedly “disappeared” and core executives allegedly fled to Malaysia. Romoss issued a work stoppage notice, claiming after-sales services would continue, but these claims are disputed. The company’s legal representative has changed multiple times recently, raising governance concerns.

ROMOSS, once China’s top power bank brand, abruptly shut down after catastrophic product failures like spontaneous combustion. Bans and safety certification suspensions followed. Core issues stemmed from years of prioritizing profits over safety during product development, according to an insider. Suspicions were raised about its battery supplier, AMPEREX Technology, exceeding feasible production quotas. Critically, ROMOSS leadership was absent during the crisis, delegating communication and worsening mistrust. This collapse highlights significant industry safety risks.

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ROMOSS will temporarily halt production and operations for six months starting July 7, 2025, following a recall of nearly 500,000 power banks due to potential overheating risks from batterycell raw materials. The company states this is a normal organizational restructuring, and the recall program, offering replacements or refunds, remains active.

Romoss denies bankruptcy rumors amidst a large-scale power bank recall. Employees at their Shenzhen headquarters report normal operations with no layoffs. The company states refunds for recalled products are being processed within 15-30 days after verification. However, reports indicate delays on Taobao due to insufficient seller deposits.

Romoss Technology, a leading power bank maker, faces challenges. Numerous 3C certifications for its fast-charging power banks are suspended, with the official Douyin store removing power banks. A recall of over 490,000 power banks is underway due to potential overheating issues, leading to consumer concerns. The recall process, involving potentially problematic postal returns, has also raised further questions.