Geely Holdings Invests $45.6M in ECARX to Boost Smart Car Software and Hardware R&D

ECARX Holdings, Inc. recently announced that on January 8, 2026, it signed a share subscription agreement with Geely Holding Group, securing a strategic investment of USD 45.6 million (approximately RMB 319 million). Under the agreement, Geely will subscribe for 27,297,002 Class A ordinary shares of ECARX at a price of USD 1.67 per share, subject to a six-month lock-up period. ECARX stated that the proceeds will be used to accelerate the development and deployment of its intelligent automotive software and hardware solutions, drive large-scale technology adoption, support global business expansion, and enhance financial stability. Founded in 2017 and listed on Nasdaq in 2022, ECARX currently operates in 13 countries worldwide, with its technologies deployed in approximately 10 million vehicles.