From CNBC: 2025-01-05 18:01:06

Beijing-based robot vacuum maker Roborock unveils new model with AI-powered folding arm to remove obstacles. President Quan Gang predicts robot vacuums will become as essential as washing machines within three years, especially with AI integration. Saros Z70 set for global release in early 2025, ahead of CES.

Roborock started selling in the U.S. in 2018, with sales taking off in 2023. Robot vacuum penetration rates low globally. The company invests in AI research, with dedicated labs in Shanghai and Shenzhen. Updates to washing machines announced. Stock price rises after Saros Z70 reveal.

Roborock spent 9.1% of operating revenue on R&D in the first three quarters of 2024, up from previous years. Challenges in expanding research team to 300 researchers due to talent shortage. AI lab crucial since company’s founding in 2014. Washing machines with drying feature also updated.

Read more: Chinese robot vacuum cleaner Roborock reveals AI-powered robotic arm