The investment will accelerate R&D and deployment of advanced intelligent automotive hardware and software solutions. ECARX Technology recently announced that on January 8, 2026, it signed a share subscription agreement with Geely Investment Holding Co., Ltd. According to the agreement, Geely Holding Group will subscribe to a total of 27,297,002 newly issued Class A ordinary shares of ECARX through a private placement at a price of $1.67 per share, with a total investment amounting to $45.6 million. The ordinary shares acquired by Geely Holding Group through this private placement will be subject to a six-month lock-up period, except under certain exceptional circumstances. ECARX went public on Nasdaq in late 2022. As planned, ECARX intends to allocate the investment towards continuously accelerating the research, development, and implementation of advanced automotive intelligent software and hardware solutions, as well as enhancing the large-scale deployment of related technologies and products. It is worth mentioning that this investment comes just two months after ECARX reached a $150 million convertible bond agreement with the New York-based investment firm ATW Partners. It should be added that ECARX Technology is a tech company focused on automotive intelligence, founded in 2017. One of its co-founders is Li Shufu, the founder of Geely Group. This background has also enabled the two companies to create synergistic effects in their business ecosystems. Currently, the penetration rate of ECARX’s technological products across relevant Geely brands has reached as high as 77%, widely applied in multiple mainstream and flagship models such as the Geely Galaxy series and Lynk & Co. Lynk & Co Z10 Official data shows that, as of now, the global number of vehicles equipped with ECARX’s technological products is close to 10 million. The company operates 13 global operational centers in China, the UK, the United States, Brazil, Singapore, Malaysia, Sweden, and Germany. The Q3 2025 financial report reveals that ECARX Technology achieved revenue of $219.9 million, marking an 11% year-over-year increase. Gross profit surged by 39% to $47.6 million, indicating a significant improvement in profitability.
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