Cobots establishes a subsidiary in Hangzhou, including robot-related business.

According to the information displayed on the QiChaCha app, recently, Ecovacs Smart Home Appliance Co., Ltd. was established, with Li Yan as the legal representative and a registered capital of 10 million RMB. Its business scope includes: retail of daily household appliances; sales of service consumer robots; sales of intelligent basic manufacturing equipment; sales of household appliance accessories; sales of household appliances; sales of smart robots, etc. The equity penetration displayed on QiChaCha shows that the company is indirectly wholly owned by Ecovacs.