ECARX Holdings Secures Major Investment of $45.6 Million from Geely Holding Group

ECARX Holdings Secures Major Investment from Geely Holding Group

On January 12, 2026, ECARX Holdings Inc. (NASDAQ: ECX), a prominent global player in mobility technology, revealed it has secured a strategic investment totaling $45.6 million from Geely Investment Holding Ltd., a subsidiary of the Geely Holding Group. This announcement follows a subscription agreement made on January 8, 2026.

As part of this deal, Geely Holding will acquire 27,297,002 newly issued Class A ordinary shares of ECARX at a price of $1.67 per share, which aligns with the average trading price over the previous 20 days leading up to the agreement. The closing of this private placement hinges on typical closing conditions and is expected to be finalized shortly.

The funds raised from this investment will be crucial for ECARX as they aim to advance their innovative vehicle hardware and software solutions, thereby boosting their growth trajectory in the competitive automotive market. The company plans to use the capital to further its development capabilities and expand its operational footprint globally.

Significance of the Investment

According to Daniel Donghui Li, Executive Vice Chairman of Geely Holding Group, this investment not only underscores Geely's steadfast confidence in ECARX’s long-term vision but also highlights the latter's critical role as a technology partner within the automotive sector. He emphasized that ECARX's innovations are poised to significantly shape the future landscape of connected and smart vehicles globally.

Ziyu Shen, CEO and Chairman of ECARX, shared his insights on how the partnership and investment will support the company’s research and development infrastructure, especially in key markets like South America and Southeast Asia. He pointed out that following their recent project wins with Volkswagen Group and their strategic alliance with Lotus Tech, this investment reinforces their commitment to expand their capabilities in research, delivery, and supply chain management.

Shen expressed optimism about the future, stating, "Geely Holding's support validates our business fundamentals, especially at this juncture, where our current share price does not reflect the vast potential ahead. We see this as a significant endorsement of our strategy to meet the surging global demand for our products and services."

A Look Ahead

The arrangement includes a six-month lock-up period for the shares purchased by Geely, along with specific customary exceptions. This investment is seen as a steppingstone for ECARX to enhance its position in the rapidly evolving automotive landscape, characterized by the shift towards smart and connected vehicle technologies.

Having been established in 2017 and making its debut on NASDAQ in 2022, ECARX has continually demonstrated technological prowess, boasting over 1,500 employees across 13 strategic global locations including China, the UK, and the USA. Their technology is already integrated into approximately 10 million vehicles worldwide, showcasing their significant footprint in the automotive sector.

Amidst economic uncertainties, ECARX is positioning itself for growth and innovation by leveraging strategic partnerships and investments like the one from Geely. As they navigate through 2026, the mobility tech provider is set to further enhance its offerings and contribute to the evolution of the automotive industry.

Regulatory Information

It’s important to note that the securities involved in this investment have not been registered under the U.S. Securities Act of 1933 and cannot be sold without appropriate registration or exemptions. This announcement does not serve as an offer to sell or a solicitation to purchase securities, and all transactions must comply with the applicable securities laws.

Conclusion

ECARX's partnership with Geely Holding marks a pivotal moment as it amplifies its commitment to technological advancement and expansion within the automotive industry. With a spotlight on innovation, ECARX is poised to drive forward into a future dominated by smart mobility solutions, setting the stage for exciting developments in the automotive sector.