India, Jan. 21 -- OnePlus Technology Co. has rejected claims that the Chinese smartphone firm is winding down operations, following reports of "dismantling" by parent Oppo.

"I wanted to address some misinformation that has been circulating about OnePlus India and its operations," Chief Executive Officer Robin Liu wrote on X, formerly Twitter. "We're operating as usual and will continue to do so. Never Settle."

On Wednesday, Android Headlines published an investigation suggesting that the "flagship killer" brand was effectively being put on life support due to plummeting sales and strategic shifts. The report cited a 20% drop in global shipments and the closure of approximately 4,500 retail touchpoints in India-OnePlus' single largest ma...