Ecovacs Robotics
Ecovacs Robotics
Ecovacs Robotics is home service robot provider.
Ecovacs Robotics, established in 1998, is a provider of household service robots, including sweeping robots, window cleaning robots, cleaning robots and housekeeping robots. Founded by Qiandongqi, Ecovacs went public in May 2018. Its shareholders include Qian Dongqi and Ever Group. The peer companies are Roborock and iRobot.
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Ecovacs Benefits from 'Smart Home' Concept – Stock Up 120% So Far in 2020
As the IoT era and smart economy arrive, the leading Chinese home robotics company Ecovacs stands out as a success story. It has posted its 2020 interim financials with net profit increased 51% YoY and gross margin lifted to 40%.
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Kevos: it is planned to invest about 1 billion yuan to build a manufacturing center with an annual output of 12 million high-end intelligent household appliances
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