ECARX Invests $23 Million in Lotus Technology to Enhance Global Collaboration

ECARX Extends Strategic Partnership with Lotus Technology

On December 29, 2025, ECARX Holdings Inc., known for its innovative approach in the mobility tech sector, declared a strategic investment of $23 million in Lotus Technology Inc. This significant move aims to deepen the existing collaboration between the two companies, enhancing their capabilities in the rapidly evolving automotive market.

The investment entails a share subscription agreement, which allows ECARX to acquire approximately 16,788,321 newly issued shares of Lotus Technology at a price of $1.37 per share. This transaction is subject to standard closing conditions and is expected to finalize within 30 days of the agreement. Notably, the shares will be bound by a six-month lock-up period, ensuring stability in the partnership's evolution.

Strengthening Collaborations in Automotive Technology

The partnership is poised to significantly amplify the integration of ECARX's Pikes® computing platform and Cloudpeak® software stack into Lotus Technology's vehicles. This collaboration is not just another financial transaction; it represents a comprehensive strategy to pioneer next-generation automotive technology solutions globally.

Mr. Ziyu Shen, the CEO of ECARX, emphasized the importance of this investment, stating, "This strategic investment signifies a vital step in our partnership with Lotus Tech, further solidifying our technical collaboration. With Lotus being an iconic brand globally, we are excited about its growth potential in international markets. The combination of our advanced computing platform and software is expected to lay a robust foundation for the future of intelligent driving experiences."

Similarly, Mr. Qingfeng Feng, CEO of Lotus Tech, expressed excitement about the partnership's future. He noted, "This investment enhances our longstanding relationship with ECARX, which has consistently played a crucial role in our effort to redefine vehicular intelligence. Our combined focus on innovation will undoubtedly accelerate the development of next-gen intelligent cockpit ecosystems that deliver unparalleled AI-driven experiences."

Implications for the Automotive Industry

The strategic investment from ECARX reflects a broader trend in the automotive industry, where technology companies and traditional automakers increasingly collaborate to leverage technological advancements in electric vehicles (EVs) and smart technologies. As consumer demand for intelligent and connected vehicles rises, the need for such partnerships becomes crucial.

ECARX has established itself as a key player in the automotive technology landscape. Founded in 2017 and publicly listed on Nasdaq in 2022, the company has quickly grown, boasting over 1,500 employees across multiple global locations, including China, the UK, the USA, Brazil, Singapore, Malaysia, Sweden, and Germany. Its innovative solutions have already been integrated into about 10 million vehicles worldwide.

Lotus Technology, on the other hand, focuses on luxury electric vehicles and cutting-edge research and development in automobility technologies. The company operates in key markets, including the UK, EU, and China, delivering affluent lifestyle EVs while emphasizing electrification and digitalization.

Regulatory Considerations

It is important to note that the securities involved in this private placement have not been registered under the U.S. Securities Act of 1933 or any applicable state laws. As such, they cannot be sold in the U.S. unless registered or exempted under specific regulations.

In summary, the $23 million investment by ECARX in Lotus Technology not only signifies a commitment to a strengthened partnership but also represents a step toward a more integrated future for smart vehicles. The collaboration is set to leverage cutting-edge technology, aiming to establish new benchmarks in driving intelligence and customer experience in the automotive sector. As both companies move forward, their innovative pursuits could lead to significant advancements in how vehicles interact with their environments and users, heralding a new era in automotive technology.