Core Viewpoint - ECARX Holdings Inc. has entered into a subscription agreement with Geely Investment Holding Ltd. for the purchase of 27,297,002 newly issued Class A ordinary shares at a price of US$1.67 per share, totaling US$45.6 million, to support its global expansion and technological development [1][2][3] Group 1: Investment Details - Geely Holding will purchase 27,297,002 shares at US$1.67 each, amounting to US$45.6 million [1] - The share price reflects the volume-weighted average price over the preceding 20 trading days [1] - The private placement is subject to customary closing conditions and includes a six-month lock-up period for the shares [1] Group 2: Use of Proceeds - The net proceeds from the offering will be used to accelerate the development of vehicle hardware and software solutions [2] - The funds will also strengthen the company's financial position and liquidity [2] Group 3: Company Background and Market Position - ECARX is a global automotive technology provider, delivering solutions for next-generation smart vehicles [4] - The company was founded in 2017 and listed on Nasdaq in 2022, with over 1,500 employees across 13 locations [5] - ECARX products are currently found in approximately 10 million vehicles worldwide [5] Group 4: Strategic Importance of Investment - Geely Holding's investment reflects confidence in ECARX's long-term vision and technological capabilities [3] - The investment will support the establishment of an R&D hub in Germany and infrastructure in South America and Southeast Asia [3] - The company aims to capitalize on accelerating demand in the automotive technology sector [3]