Proceeds from Geely’s investment will support the build-out of ECARX’s new R&D hub in Germany and expand production, delivery, and supply-chain infrastructure in key growth markets across South America and Southeast Asia. These investments aim to enhance ECARX’s global smart mobility platform capabilities. On January 12, Geely Investment Holding Ltd. agreed to invest $45.6 million in ECARX through the purchase of 27,297,002 newly issued Class A ordinary shares at $1.67 per share. The transaction is expected to close upon customary conditions, and the purchased shares will be subject to a six-month lock-up period. This funding round follows two project awards from Volkswagen Group and a deepened strategic alliance with Lotus Tech. ECARX plans to leverage these partnerships alongside Geely’s backing to accelerate its autonomous driving, infotainment head units, and digital cockpit product rollouts worldwide.