Greenworks (301260.SZ) recalls Kobalt brand 24V and 48V garden power tools through its wholly-owned subsidiary.

Greenworks (301260.SZ) announced that the company recently received a notice from its wholly owned subsidiary, Greenworks North America, LLC (referred to as "Greenworks Tools"), that the U.S. Consumer Product Safety Commission (CPSC) issued a recall notice number 26-611 on July 9, 2026 local time for Kobalt branded 24V and 48V garden power tools equipped with USB-C charging lithium-ion batteries. The reason for the recall is that when the lithium-ion battery is installed on the above-mentioned garden power tools and charged using the USB-C port contrary to the instructions, there is a risk of short circuiting the battery pack BMS circuit board. As of the date of the CPSC recall notice, there have been no injuries or property damage reported. The company and its subsidiaries will bear the related costs and expenses of this recall. As the recall notice has just been officially issued, the company is currently unable to determine the exact costs associated with the recall, and the ultimate impact on the operating performance will depend on actual circumstances. Additionally, the company has purchased product recall insurance for all product categories sold globally (including the products subject to this recall). The final amount and timing of the compensation to be received will be determined based on the provisions of the insurance contract and approval by the insurance company.