Formerly | TEK Electrical Company |
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Company type | Public |
Traded as | SSE: 603486 |
Industry | Consumer electronics |
Founded | 1998 |
Founder | Qian Dongqi |
Headquarters | Suzhou, China |
Area served | Worldwide |
Key people | David Qian, President of the International Business Unit[1] |
Products |
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Website | www |
Ecovacs Robotics (Chinese: 科沃斯; pinyin: Kēwòsī) is a Chinese technology company.[2] It is best known for developing in-home robotic appliances.[3] The company was founded in 1998 by Qian Dongqi and is headquartered in Suzhou, China. According to Global Asia, Ecovacs Robotics had more than 60% of the Chinese market for robots by 2013.[4] In 2023, Nikkei Asia had reported that the market capitalisation of Ecovacs Robotics has grown to near $6.38 billion, which is "roughly 5 times" that of the market capitalisation of rivalling US based iRobot, who manufactures the Roomba.[5]