KingClean

KingClean Electric Co., Ltd. (Chinese: 莱克电气股份有限公司, SSE: 603355), founded in December 1994 by Ni Zugen, is a manufacturer of household appliances and core components, headquartered in Suzhou New District, Jiangsu Province, China. The company was listed on the Shanghai Stock Exchange (Main Board) in May 2015.

Business Scope

Kingclean Electric focuses on high-speed motor technology, developing products related to home cleaning and healthy living, while also engaging in the manufacturing of precision components for new energy vehicles. The company operates several proprietary brands, including LEXY, Jimmy, Bewinch, SieMatic and Lexcook,Covering environmental cleaning, air purification and comfort, water purification and drinking water health, and smart kitchen appliances.

History

In December 1994, Ni Zugen founded Suzhou Kingclean Floorcare Co., Ltd.(the predecessor of Kingclean Electric) in Suzhou, Jiangsu, with its initial focus on the R&D and manufacturing of vacuum cleaners and their high-speed motor components. Through cost control and production process optimization,The company has gradually become an ODM/OEM supplier for the brands Philips and Electrolux. According to industry statistics, starting in 2004, its vacuum cleaner production and sales ranked among the global leaders, reaching an annual output of 8 million units that year. During this period, the company’s business was heavily reliant on exports, with low brand recognition in the domestic market.

In 2009, the company began targeting the domestic market and launched its proprietary brand "LEXY," marking a strategic shift from ODM/OEM to brand operations. In 2011, it introduced the "Cyclone" vacuum cleaner, which combined vacuuming and mopping functions. In 2014, the company developed a BLDC vacuum cleaner motor with a speed of up to 80,000 RPM, and launched the Ismart robotic vacuum cleaner product line. In May 2015, Kingclean was listed on the Shanghai Stock Exchange (stock code: 603355).

In the same year as its listing, the company entered the water purification market with its new brand "Bewinch," launching its first product, a smart, installation-free RO reverse osmosis water purifier equipped with a water quality monitoring system. The product line later expanded to include ultrafiltration purifiers and countertop purifiers. The establishment of the Bewinch brand is considered a strategic extension of the company’s efforts to expand into the health appliance sector.