ECARX and TPK to Co-Develop ORCA LiDAR Platform, an all-new LiDAR platform for global markets

ECARX (Nasdaq: ECX) and TPK (TWSE: TPK) signed a binding memorandum to co-develop the proprietary ORCA LiDAR platform for global markets, marking ECARX's entry into LiDAR.

Rhea-AI Summary

ECARX (Nasdaq: ECX) and TPK (TWSE: TPK) signed a binding memorandum to co-develop the proprietary ORCA LiDAR platform for global markets, marking ECARX's entry into LiDAR.

Mass production is planned for 2028 at TPK's Thailand facility, targeting next-generation ADAS and autonomous driving.

Positive

• Binding cooperation to co-develop proprietary ORCA LiDAR platform
• ECARX leads system integration, sensor fusion, and commercialization
• TPK provides optical design and high-volume manufacturing expertise
• Mass production targeted for 2028 at Thailand facility
• Platform designed for global ADAS and autonomous driving markets

Negative

• None.

Argus May 29 session

+12.38% close to close Open Argus

Details

News Market Reaction – ECX

On May 29, the day this news came out, ECX closed 12.38% above the previous close.

Data tracked by StockTitan Argus for the May 29 session.

Key Figures

Mass production start: 2028

Mass production start

2028

Scheduled start of ORCA LiDAR platform production at TPK’s Thailand facility

Historical Context

5 past events · Latest: May 19

5 events

1. May 19

   Q1 2026 earnings

   24h Move

   -6.8%

   Revenue fell 22% YoY though margins and losses improved, pressuring sentiment.

2. May 19

   Robotaxi partnership

   24h Move

   -6.8%

   Strategic May Mobility deal for thousands of AVs and US$750M project value.

3. May 07

   Earnings date set

   24h Move

   +5.4%

   Announcement of Q1 2026 results date and earnings call logistics.

4. Apr 16

   New chairperson

   24h Move

   +3.5%

   Appointment of Lone Fønss Schrøder as Chair to strengthen governance and expansion.

5. Apr 08

   Acquisition plan

   24h Move

   +14.0%

   Preliminary plan to acquire minority stake and IP in FlyMe OS from affiliate.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

lidar, adas, sensor fusion, robotaxi, +1 more

5 terms

lidar technical

"the joint development of LiDAR technologies for global markets"

Lidar, which stands for Light Detection and Ranging, is a technology that uses laser beams to create detailed, three-dimensional maps of the environment. It works like a sophisticated eye that measures distances by bouncing light off objects, helping machines see and understand their surroundings. For investors, lidar is important because it enables advancements in autonomous vehicles, robotics, and mapping, which can drive innovation and growth in related industries.

adas technical

"for next generation ADAS and AI enabled autonomous driving systems"

Advanced Driver Assistance Systems (ADAS) are electronic systems in vehicles that assist the driver with safety tasks. Examples include automatic emergency braking, lane keeping assist, and adaptive cruise control. These systems use sensors and cameras to improve vehicle safety.

sensor fusion technical

"ECARX will lead system integration, sensor fusion, and global commercialization"

Sensor fusion is the process of combining data from multiple sensors—like cameras, radar, microphones, or motion detectors—to create a single, clearer picture of what’s happening in the real world. For investors, better fusion means products and systems that are safer, more reliable, or smarter (think a car using several eyes and ears to avoid collisions), which can reduce costs, speed product adoption, and improve a company’s competitive edge.

robotaxi technical

"relationships with international vehicle OEMs and robotaxi operators"

A robotaxi is a self-driving vehicle designed to transport passengers without a human driver. It operates autonomously, using sensors and computers to navigate roads and pick up riders, similar to a taxi service but without a driver. For investors, robotaxis represent a potential shift in transportation, promising lower costs and new opportunities in mobility services.

oems technical

"relationships with international vehicle OEMs and robotaxi operators"

OEMs, or Original Equipment Manufacturers, are companies that produce the main components or products that other companies use to build finished goods. For investors, OEMs are important because their performance can influence the supply chain, manufacturing costs, and overall market trends in industries like technology, automotive, and electronics. Their success often reflects broader economic health and consumer demand.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• The partnership combines ECARX's system integration capabilities with TPK's optical manufacturing expertise.
• Production slated for 2028 at TPK's Thailand facility.

LONDON, May 29, 2026 /PRNewswire/ -- ECARX Holdings Inc. (Nasdaq: ECX) and TPK Holding Co., Ltd. (TWSE: TPK) (TPK) have signed a binding memorandum of business cooperation on the joint development of LiDAR technologies for global markets, marking ECARX's formal entry into the LiDAR sector.

Under the agreement, the parties will co-develop the ORCA LiDAR platform, a proprietary sensor system engineered to meet stringent global regulatory and functional safety standards.

Mass production is scheduled to kick off in 2028, with manufacturing to be conducted at TPK's advanced production facility in Thailand, supporting efficient global supply chain delivery.

The collaboration will start with joint system design and ultimately leverage each company's core strengths:

• ECARX will lead system integration, sensor fusion, and global commercialization, drawing on its established relationships with international vehicle OEMs and robotaxi operators.
• TPK will contribute expertise in optical design, engineering, and high volume manufacturing of precision components.

The new LiDAR platform will enable seamless hardware–software coordination, low latency perception, and robust performance for next generation ADAS and AI enabled autonomous driving systems. The development of the ORCA LiDAR platform aims to serve global mass market use including by vehicle OEMs and robotaxi fleets, supporting both premium passenger cars and scalable autonomous mobility services.

Ziyu Shen, Founder and CEO of ECARX said:

"Today's partnership with TPK is a key milestone that rounds out ECARX's full-stack automotive intelligence ecosystem. This new LiDAR platform combines our system integration prowess with TPK's world-class optical engineering and manufacturing strength. By building proprietary LiDAR technology in-house, we can enhance our end-to-end perception capabilities and deliver more competitive, reliable solutions to global OEMs and Robotaxi partners worldwide."

ABOUT ECARX

ECARX (Nasdaq: ECX), headquartered in London, is a leading global automotive intelligence company. ECARX provides the intelligent brain that powers the next generation of software-defined and AI defined vehicles. The company delivers end-to-end, full-stack solutions spanning advanced system-on-chip hardware, high-performance central computing platforms, intelligent cockpit technology, Advanced Driver Assistance Systems, cloud connectivity and physical AI, alongside bespoke vehicle software and intelligent operating systems.

As automakers transition to software-first and AI-first vehicle architectures, ECARX empowers automakers to streamline integration, reduce systemic complexity and optimize long-term cost efficiency. ECARX's proven technology is deployed across over 11 million vehicles worldwide, and is currently partnered with 18 global automakers and 28 vehicle brands to shape the future of automotive intelligence.

Founded in 2017 and listed on Nasdaq in 2022, ECARX operates from 13 major international locations across Europe, the Americas and Asia, with a global team of over 1,400 employees. For more information please refer to ECARX Investor Relations website.

ABOUT TPK HOLDINGS

TPK Holding Co., Ltd. (hereinafter referred to as "TPK") is a world-renowned leading manufacturer in touch technology, founded in 2003 and listed in Taiwan in 2010 with stock code TPK-KY (3673). TPK has 10 manufacturing bases, and has branches and offices worldwide, such as in South Korea, USA, Germany, amongst others. TPK serves globally recognized customers in the consumer electronics and new energy automotive sectors, with business operations extending across dozens of countries and regions.

TPK is the market leader in the field of touch display. We can provide customers with a one-stop solution for touch technology applications ranging from 1 inch to 110 inches, helping them significantly shorten product development cycles and adapt to the rapid changes in the electronics industry. Touch products are widely used in smartphones, tablets, laptops, e-readers, car cabin displays, smartwatches (wristbands), smart conference (education) tablets, smart fitness equipment, vending machines, self-service ordering machines, etc., Our technology covers a wide variety of market segments, such as consumer electronics, commercial offices, retail terminals, transportation, medical equipment, industrial control equipment, sports and health, smart homes and other fields.

With more than 20 years of advanced manufacturing experience with international customers, TPK is accelerating industrial transformation, committing to provide global customers with customized, integrated manufacturing solutions at scale. We have already begun to lay the foundation in fields such as automotive electronics, charging facilities, additive manufacturing, and testing services, committed to becoming an advanced manufacturing solution provider.

For more information please refer to: https://www.tpk.com/en/ 

View original content:https://www.prnewswire.com/news-releases/ecarx-and-tpk-to-co-develop-orca-lidar-platform-an-all-new-lidar-platform-for-global-markets-302785538.html

SOURCE ECARX Holdings Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did ECARX (Nasdaq: ECX) announce about the ORCA LiDAR platform with TPK?

ECARX announced a binding cooperation with TPK to co-develop the proprietary ORCA LiDAR platform. According to ECARX, the system targets global markets and is engineered to meet stringent regulatory and functional safety standards for ADAS and autonomous driving applications.

When is ECARX and TPK’s ORCA LiDAR platform expected to enter mass production?

Mass production of the ORCA LiDAR platform is scheduled to begin in 2028. According to ECARX, manufacturing will take place at TPK’s advanced production facility in Thailand to support efficient global supply chain delivery for automotive and robotaxi customers.

How will the ECARX (ECX) and TPK partnership divide responsibilities for the ORCA LiDAR platform?

ECARX will lead system integration, sensor fusion, and global commercialization of the ORCA LiDAR platform. According to ECARX, TPK will focus on optical design, engineering, and high-volume manufacturing of precision components to combine both companies’ core strengths in one sensor system.

What automotive applications will the ORCA LiDAR platform from ECARX and TPK target?

The ORCA LiDAR platform is intended for next-generation ADAS and AI-enabled autonomous driving systems. According to ECARX, it aims to support premium passenger vehicles and scalable autonomous mobility services, including global robotaxi fleets and mass-market vehicle OEM applications.

Where will the ECARX and TPK ORCA LiDAR platform be manufactured for global markets?

The ORCA LiDAR platform will be manufactured at TPK’s advanced facility in Thailand. According to ECARX, this location is expected to support efficient global supply chain delivery as the platform scales for international automotive OEMs and robotaxi operators.

Why is the ORCA LiDAR partnership important for ECARX’s automotive intelligence ecosystem?

The partnership expands ECARX’s capabilities with proprietary in-house LiDAR technology that complements its full-stack ecosystem. According to ECARX, integrating LiDAR enhances end-to-end perception capabilities and supports more competitive, reliable solutions for global OEM and robotaxi partners.