Recent Investment from Geely Supports Infrastructure Build Out for ECARX Holdings (ECX)

Group 1 - ECARX Holdings Inc. received a $45.6 million investment from Geely Investment Holding Ltd., purchasing 27,297,002 newly issued Class A ordinary shares at $1.67 per share [1][2] - The investment will support the development of ECARX's R&D hub in Germany and infrastructure in key growth markets such as South America and Southeast Asia, enhancing their R&D, delivery, and supply chain capabilities for global expansion [2] - ECARX Holdings focuses on automotive computing platforms, offering products like infotainment head units, autonomous driving control units, digital cockpits, vehicle chip-set solutions, core operating systems, and an integrated software stack [3]