StoryCommercial
Market cap reaches $6.38B, roughly 5x US competitor iRobot
Ecovacs Robotics' market capitalization reached approximately $6.38 billion in 2023, making it significantly larger than US-based iRobot. The valuation reflected strong demand for home robotics in China and global markets.
- Market cap approximately 5x that of iRobot, its main global competitor
- Growth driven by DEEBOT sales in China and expanding international presence
- Public company trading on Shanghai Stock Exchange since May 2018