ECARX and smart Form Joint Venture to Drive Development of Intelligent Automotive Products

SHANGHAI, China, Dec. 28, 2023 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX"), a global mobility technology provider, today announced that pursuant to a shareholders' agreement dated November 16, 2023, a joint venture has been established between ECARX and smart, the new-premium intelligent all-electric auto brand, through their respective subsidiaries. The joint venture, smart (Zhejiang) Software Technology Co., Ltd. ("smart Software Technology"), aims to drive the development of industry-l ...