Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile1 entries
2022
Warning over undisclosed US subsidy agreement; substandard batteries linked to Kunming fire prompt recall
In 2022, Gotion High-tech was given a regulatory talk by the Anhui Securities Regulatory Bureau over issues including bad debt provisions, related-party transactions, and disclosure of government subsidies; in December 2023, it received a warning letter for failing to timely disclose a REV subsidy agreement with the US state of Illinois, and Chairman Li Zhen and board secretary Pan Wang were given regulatory talks. The investigation into the April 12, 2025 Kunming fire found that the "JTM Golden Lithium Battery" installed on the involved electric bicycle was substandard, and Qingdao Gotion recalled 672 batteries. Warning letter, regulatory talks, recall.