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Ecovacs

Organisation 16 articles
Ecovacs
Key facts
Formerly called TEK Electrical Company
Type Public
Traded as SSE: 603486
Industry Consumer electronics
Founded 1998
Founder Qian Dongqi
Area served Worldwide
Key people David Qian, President of the International Business Unit
Wikipedia EN

Ecovacs Robotics is a Chinese technology company. It is best known for developing in-home robotic appliances. 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. 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.

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