Core Viewpoint - ECARX Holdings Inc. has entered into a strategic investment agreement with Lotus Technology Inc., committing US$23 million to enhance collaboration and expand their partnership in the automotive technology sector [1][3]. Investment Details - ECARX will subscribe for 16,788,321 newly issued ordinary shares of Lotus Tech at a price of US$1.37 per share, with the investment expected to close within 30 days [2]. - The shares issued in this private placement will be subject to a six-month lock-up period, with customary exceptions [2]. Strategic Partnership - The investment aims to deepen the collaboration between ECARX and Lotus Tech, focusing on deploying ECARX's Pikes® computing platform and Cloudpeak® software stack in Lotus Tech's vehicles globally [3]. - This partnership is expected to accelerate ECARX's global expansion and enhance the next-generation intelligent driving experience [3]. Company Profiles - ECARX is a global automotive technology provider specializing in turnkey solutions for smart vehicles, with over 1,500 employees and operations in 13 locations worldwide [5][6]. - Lotus Technology Inc. focuses on luxury electric vehicles and next-generation automobility technologies, with operations across the UK, EU, and China [7].

NEW YORK, Dec. 29, 2025 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, today announced that the Company entered into a share subscription agreement (the “Subscription Agreement”) with ECARX Holdings Inc. (“ECARX”) (Nasdaq: ECX), a global mobility technology provider, on December 23, 2025. ECARX has agreed to subscribe for and purchase from the Company, through a private placement, a total of 16,788,321 newly ...