ECX News & Events

Ecarx announced that its board of directors approved a preliminary plan to pursue the potential acquisition of a minority interest and certain intellectual property assets of DreamSmart Technology, a private limited company incorporated in Singapore and an affiliate of the company, and its subsidiaries and consolidated entities. Under this preliminary plan, the total consideration payable by the company for the acquisition may be a combination of cash and securities of the company and/or its subsidiaries. The company may also seek to obtain third party financing, which could include credit facilities, term loans, or other debt financing, to fund a portion of the consideration and associated transaction costs. Any issuance of shares, incurrence of indebtedness, or other financing arrangements would be subject to market conditions, lender and investor interest, applicable regulatory and stock exchange requirements, and assessment and final approval by the company's board of directors. The structure, mix, and amount of consideration are expected to be the subject of further analysis and negotiation and may change materially. The planned acquisition remains in an early, exploratory stage and is subject to uncertainties, including ongoing due diligence, negotiation of definitive documentation, and procurement of financing. There can be no assurance that the company and DreamSmart will enter into any binding agreement or that any transaction will be consummated.

Ecarx announced the appointment of Dylan Jeng as CFO, effective immediately. Jeng brings over two decades of international financial leadership experience across the technology and pharmaceutical sectors, with considerable experience at major accounting firms.

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.