ECARX Completes $100 Million Convertible Notes Financing to Strengthen Capital Structure

ECARX Completes $100 Million Convertible Notes Financing

ECARX Holdings Inc. (NASDAQ: ECX), a prominent player in global mobility technology, has announced the successful completion of a $100 million financing through convertible notes. This announcement, made on February 10, 2026, marks a significant step in the company’s ongoing efforts to secure capital for its ambitious global expansion strategies.

The convertible notes, referred to as the "2025 Notes," were fully subscribed by various investors as of February 9, 2026. This financing was facilitated by the 2025 Note Purchase Agreement established on November 3, 2025, which outlined a series of purchases made by different investors over a specific timeline. The initial phase saw an investment of $35 million from an Initial Investor on November 14, 2025, followed by another $25 million from a second investor later that month. The remaining $40 million was raised through a consortium of investors who finalized their commitment on February 9, 2026. All issued notes come with an initial conversion price set at $2.62, subject to routine adjustments.

The notable investors behind this offering include SPDB International (Hong Kong) Limited, ICBC International Investment Management Limited, CNCB (Hong Kong) Investment Limited, alongside a global investment institution. Mr. Ziyu Shen, the CEO and Chairman of ECARX, stated, "In 2025, we secured two major projects from Volkswagen Group and established technology partnerships with several global luxury automotive brands. This strategic capital commitment serves as a powerful endorsement of our global expansion strategy."

Shen further elaborated on the implications of this financing, highlighting that the company was able to refinance $65 million of its previous convertible notes while also securing an additional $35 million in funding. This positions ECARX favorably in terms of liquidity and stability. This funding comes on the heels of a strategic investment of $45.6 million from Geely, secured in January 2026, further augmenting ECARX's capital resources.

Founded in 2017 and publicly listed on NASDAQ in 2022, ECARX is committed to leading the way in automotive technology innovation. With over 1,500 employees and operations in major locations, including China, the USA, and Europe, the company provides comprehensive solutions for next-generation smart vehicles.

With the ongoing developments in the automotive sector, ECARX is focused on expanding its capabilities, enhancing user experiences in vehicles, and reducing operational complexities through technology. As automakers around the globe restructure their vehicle architectures, ECARX’s dedication to providing full-stack solutions places it in a strong position within the evolving market landscape.

This financing not only serves to strengthen ECARX's capital structure but also underscores investor confidence in the company's vision to set the benchmark in Automotive AI technology innovation. As the company continues its path forward, market participants will be closely monitoring its advancements and competitive strategies in the dynamic automotive technology sector.