ECX News & Events

Ecarx announced that it has entered into a subscription agreement with Geely Investment Holding on January 8th. Under the terms of the agreement, Geely Holding has agreed to subscribe for and purchase from the company, through a private placement, a total of 27,297,002 newly issued Class A ordinary shares of the company at a price of $1.67 per ordinary share, for a total purchase price of $45.6M. The per share price is equal to the volume-weighted average price of the ordinary shares of the Company on Nasdaq for the 20 consecutive trading days immediately preceding the date of the agreement. The closing of the private placement is subject to customary closing conditions and is expected to take place in the near future. The ordinary shares to be purchased by Geely Holding in with this private placement will be subject to a six-month lock-up period with certain customary exceptions. Ecarx intends to use the net proceeds from the offering to accelerate the development of its cutting-edge vehicle hardware and software solutions and scale their deployment to fuel its global expansion, while further strengthening its financial position and liquidity.

ECARX (ECX) announced that it entered into a share subscription agreement on December 23, 2025, with Lotus Technology (LOT), to strategically invest US$23 million through a private placement. Pursuant to the Subscription Agreement, ECARX will subscribe for a total of 16,788,321 newly issued ordinary shares of Lotus Tech at a price of US$1.37 per ordinary share, subject to customary closing conditions. The investment is expected to close within 30 days following the execution of the Subscription Agreement. The ordinary shares to be issued in this private placement will be subject to a six-month lock-up period, with certain customary exceptions.

Lotus Technology (LOT) entered into a share subscription agreement with ECARX Holdings (ECX). ECARX has agreed to subscribe for and purchase from the Company, through a private placement, a total of 16,788,321 newly issued ordinary shares of the Company at a price of $1.37 per ordinary share, for a total purchase price of $23M. The private placement is subject to customary closing conditions and is expected to close within 30 days following the execution of the Subscription Agreement. The ordinary shares to be purchased by ECARX in this private placement will be subject to a six-month lock-up period with certain customary exceptions. The strategic investment is designed to significantly broaden the collaborative framework between the two companies, deepening the existing relationship into a more integrated, strategic global partnership.

Ecarx (EXC) announced an award from the Volkswagen Group (VWAGY) to provide advanced digital cockpit solutions for vehicles sold under the Volkswagen brand. Ecarx will supply a complete digital cockpit solution, including the integrated hardware and software of the ECARX Antora 1000 computing platform and ECARX Cloudpeak software architecture. This is the second agreement announced between Ecarx and the Volkswagen Group in 2025, following an initial award in March 2025 to deliver industry-leading digital cockpit systems to Volkswagen and koda vehicles. This additional award represents a platform extension of the Global Entry Infotainment system sourced from ECARX in the initial award. A significant proportion of the vehicles produced under this award will also feature Google Automotive Services, integrated by Ecarx.