Group 1 - Xiaomi has initiated legal action against supplier Amperex Technology for economic compensation related to battery issues, indicating a proactive approach to managing supply chain risks [2] - Xiaomi announced a recall of 146,891 units of the PB2030MI model power bank, produced between August and September 2024, due to reported issues with the product [2] - The recalled power bank is identified as a 20,000mAh model with 33W fast charging capabilities, highlighting the company's commitment to product safety and customer satisfaction [2] Group 2 - Over 20 energy storage companies are preparing for IPOs in the Hong Kong market, reflecting a growing interest and investment in the energy storage sector [2] - BYD's mid-year revenue has surpassed that of Tesla for the first time, indicating a significant shift in the competitive landscape of the electric vehicle market [2] - The first forum on household storage and portable energy storage battery technology is scheduled for September 26 in Shenzhen, showcasing advancements and innovations in the energy storage industry [2]

Core Viewpoint - Xiaomi has initiated a recall of 146,891 units of its PB2030MI power bank due to safety concerns linked to battery cells supplied by Amprius, which may pose risks under extreme conditions [1][6][11]. Group 1: Recall Details - The recall affects PB2030MI power banks produced between August 1, 2024, and September 22, 2024 [3][11]. - Xiaomi will refund customers based on the manufacturer's suggested retail price of 159 yuan per unit [11]. - The recall is part of a broader trend, as other brands like Romoss and Anker have also recalled over 1.2 million power banks due to similar issues with battery cells [13]. Group 2: Supplier and Legal Actions - Xiaomi has begun economic claims against Amprius for losses incurred due to the battery cell issues [1][12]. - The recall was prompted by the use of a specific version of Amprius battery cells that may have safety hazards [6][12]. - Regulatory authorities are investigating the matter, and Amprius has stated that they are conducting their own investigation into the quality issues [15][16]. Group 3: Industry Context - The recent incidents have raised concerns about the safety of lithium battery products, leading to stricter regulations in the industry [14]. - The market is witnessing a shift towards higher quality standards, as new regulations prohibit the production and sale of non-compliant products [14]. - The battery cell manufacturing process is critical, with quality variations leading to significant safety risks in consumer electronics [18][19].

Core Viewpoint - Xiaomi has announced a voluntary recall of a specific model of power bank (PB2030MI) due to potential safety risks associated with a small number of units produced between August and September 2024, totaling 146,891 units [2][13]. Group 1: Recall Details - The recalled power bank model PB2030MI has a suggested retail price of 159 yuan, and Xiaomi will process refunds for affected users [2]. - The recall is attributed to the use of a specific battery cell (126280 version 2.0) from a supplier, which may pose safety hazards under extreme conditions [2][13]. - Consumers can check if their product is part of the recall by verifying the model number on the back of the device and using the Xiaomi service center online [3][10]. Group 2: Recall Process - Consumers can return the recalled power banks either at physical Xiaomi stores or through an online process, with detailed instructions provided [10]. - If a consumer has lost the physical product but has a purchase order, they must provide proof of safe disposal to complete the recall [6]. - The recall process requires the serial number (SN) to be clearly visible; if damaged, the recall cannot be completed [7]. Group 3: Industry Context - The recall follows a trend in the industry where multiple companies, including ROMOSS and ANKER, have recalled power banks due to safety risks, indicating a growing concern over battery safety [13]. - New regulations implemented by the National Certification and Accreditation Administration require mandatory certification for power banks, which is expected to enhance industry standards and shift focus from scale to quality [13].