Hikvision announced that its innovative business holding subsidiary EZVIZ Networks will invest 1.85 billion yuan of self-raised funds to build the EZVIZ Intelligent Manufacturing (Chongqing) Base project, with a planned land area of 300 mu and a planned building area of 380,400 square meters in Dadukou District, Chongqing, to build EZVIZ Networks' intelligent manufacturing factory.
EZVIZ was founded in 2013 as a startup incubated by Hikvision, a leading domestic security company. In 2015, EZVIZ was spun off from Hikvision and became an independent subsidiary.
At present, the main business of EZVIZ Network is to provide open cloud platform services for managing IoT devices for smart home and other related industries, as well as the design, research and development, production and sales of smart home products such as smart home cameras, smart home entries, smart controls and smart service robots.
EZVIZ has formed a "1+4+N" product and business system. 1 represents cloud platform services, 4 represents the company's main smart home products such as smart home cameras, smart home entry, smart control and smart service robots, and N represents other smart home products in the company's ecosystem, including smart fresh air, smart water purification, smart bracelets, children's watches, etc.
On the evening of January 8, 2021, Hikvision announced that it plans to transform its holding subsidiary EZVIZ Network into a joint-stock company and then spin it off to be listed on the Science and Technology Innovation Board. After the spin-off is completed, Hikvision will still maintain its controlling stake in EZVIZ Network.
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