newsfilter
← Latest News
PR Newswire·

ECARX Announces US$23 Million Strategic Investment in Lotus Technology to Deepen Global Partnership

ECXLOT
  • ECARX Holdings Inc. entered a share subscription agreement on December 23, 2025, to invest US$23 million in Lotus Technology Inc. via private placement.
  • ECARX will subscribe for 16,788,321 newly issued ordinary shares of Lotus Tech at US$1.37 per share, subject to closing conditions.
  • The investment is expected to close within 30 days of the agreement execution, with a six-month lock-up period on the issued shares.
  • Both companies will deploy ECARX's Pikes computing platform & Cloudpeak software stack with full Google Automotive Services integration in Lotus vehicles globally.
  • ECARX CEO Ziyu Shen stated the deal strengthens the partnership & aims to empower Lotus with next-generation intelligent driving experiences.
  • Lotus Tech CEO Qingfeng Feng noted the investment demonstrates confidence in long-term value creation & accelerates innovation in intelligent cockpit ecosystems.
  • The securities offered were not registered under the U.S. Securities Act of 1933 & may not be offered or sold in the U.S. absent registration or an applicable exemption.
  • ECARX is a global mobility tech provider founded in 2017, listed on Nasdaq in 2022, with over 1,500 employees & products in approximately 10 million vehicles.
  • Lotus Technology Inc. operates in the UK, EU, & China, focusing on luxury lifestyle electric vehicles & next-generation automobility technologies.
  • The press release includes forward-looking statements regarding future collaboration & growth potential, subject to risks & uncertainties.