ECARX Holdings Announces Lone Fønss Schrøder as Chairperson of the Board

ECARX (Nasdaq: ECX) appointed Lone Fønss Schrøder as Chairperson of the Board, effective April 16, 2026, splitting the roles of Chair and CEO to strengthen corporate governance.

Rhea-AI Summary

ECARX (Nasdaq: ECX) appointed Lone Fønss Schrøder as Chairperson of the Board, effective April 16, 2026, splitting the roles of Chair and CEO to strengthen corporate governance. Ziyu Shen remains CEO and director. Ms. Schrøder brings decades of automotive, technology, finance, and governance experience.

Her appointment is intended to reinforce ECARX's European presence and support the strategic goal of generating 50% of revenue from global markets by 2030.

Positive

• Separation of Chair and CEO strengthens corporate governance
• Appointee brings decades of automotive and governance experience
• Appointment reinforces European market presence
• Aligns with goal of 50% global revenue by 2030

Negative

• None.

Argus Apr 16 session

+3.48% close to close Open Argus

Details

News Market Reaction – ECX

On Apr 16, the day this news came out, ECX closed 3.48% above the previous close.

Data tracked by StockTitan Argus for the Apr 16 session.

Key Figures

Global revenue target: 50%

Global revenue target

50%

Goal to generate 50% of revenue from global markets by 2030

Historical Context

5 past events · Latest: Apr 08

5 events

1. Apr 08

   Acquisition plan

   24h Move

   +14.0%

   Board approved exploratory plan to acquire FlyMe OS assets and minority stake.

2. Apr 02

   Full-year earnings

   24h Move

   -2.8%

   Reported 2025 revenue growth, positive Q4 net income, and narrowed annual net loss.

3. Mar 31

   Partner conference

   24h Move

   +6.3%

   Global Partner Conference highlighted expansion, R&D investment, and platform deployment metrics.

4. Mar 30

   Annual report filing

   24h Move

   -4.7%

   Filed 2025 Form 20-F, providing audited statements and strategic/operations review.

5. Mar 23

   CFO appointment

   24h Move

   -6.5%

   Appointed new CFO to lead global financial strategy for international expansion.

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

Key Terms

software-defined vehicles, ai, adas

3 terms

software-defined vehicles technical

"a true pioneer in software-defined vehicles and intelligent mobility."

Vehicles whose key features and performance are controlled and updated primarily through software rather than fixed hardware designs. Like a smartphone that gains new apps and capabilities over time, these cars can receive over-the-air updates that add features, improve efficiency, or fix issues, which matters to investors because it can extend product life, create ongoing revenue from software services, lower recall risk, and change how value is created and captured in the auto industry.

ai technical

"She brings deep expertise in corporate governance, global strategy, electrification, AI"

Artificial intelligence (AI) is technology that enables machines to mimic human thinking and learning, allowing them to analyze information, recognize patterns, and make decisions. For investors, AI matters because it can improve how businesses operate, create new products, or identify opportunities faster and more accurately than humans alone, potentially impacting company success and market trends.

adas technical

"expansion of our central computing, cockpit, and ADAS solutions across Europe"

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.

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

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Appointment strengthens corporate governance and advances global expansion strategy

LONDON, April 16, 2026 /PRNewswire/ -- ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the "Company"), a global mobility tech provider, today announced the appointment of Lone Fønss Schrøder as Chairperson of the Board of Directors, effective immediately.

Ms. Schrøder is a Danish Citizen and joined the ECARX Board as a Director on October 31, 2025. Her appointment as Chairperson separates the roles of Chairperson and Chief Executive Office, strengthening the Company's corporate governance framework. Ziyu Shen continues as Chief Executive Officer, and as a Director on the Board.

Ms. Schrøder brings decades of senior leadership experience across the automotive, technology, finance, logistics, and industrial sectors. Her board roles included time served as Vice Chairperson of Volvo Cars - where she served as Director from 2010 through a landmark period of electrification and software transformation - and Director of Ingka Holding B.V. (IKEA Group). She also serves as Chairperson of GSHAB, Ikano Bank and has held long-term board positions within the Aker Group. She brings deep expertise in corporate governance, global strategy, electrification, AI and the transition to software-defined vehicles.

Her leadership reinforces ECARX's European market presence and aligns with the Company's strategic goal of generating 50% of its revenue from global markets by 2030.

Lone Fønss Schrøder, Chairperson of the Board, said:

"I am honoured to take on this role at ECARX, a true pioneer in software-defined vehicles and intelligent mobility. The Company has built a unique full-stack platform, a global footprint, and partnerships with world-class automakers. I look forward to working closely with Ziyu, the Board, and the leadership team to guide ECARX's next phase of global growth, strengthen governance, and drive long-term value for shareholders, partners, and customers worldwide."

Ziyu Shen, Founder and Chief Executive Officer of ECARX, said:

"On behalf of the Board and the entire ECARX team, I warmly welcome Lone as our new Chairperson. Her proven track record and deep experience in global automotive, technology, and governance will be invaluable as we scale and accelerate the expansion of our central computing, cockpit, and ADAS solutions across Europe, the Americas, and Asia. Separating the roles of Chairperson and CEO enhances governance clarity and supports our mission to become the global leader in automotive intelligence."

About Lone Fønss Schrøder

Lone Fønss Schrøder, Danish, is a distinguished international executive with decades of leadership across the automotive, technology, finance, logistics, and industrial sectors. She served on the Volvo Cars Board from 2010 to 2025, including as Vice Chairperson from 2018 and as Chair of the Audit Committee. She is a Director of Ingka Holding B.V. (IKEA Group), Chairperson of Ikano Bank and GSHAB, and a long-term board member of companies within the Aker Group and well as advisor to ServiceNow and I Squared. In June 2025 she became the Chairperson of Geely Sweden Holdings. She brings deep expertise in corporate governance, global strategy, electrification, software-defined vehicles, AI and cross-border stakeholder relations.

Full profile: https://www.linkedin.com/in/lone-fønss-schrøder-b49ab22a

About ECARX

ECARX (Nasdaq: ECX) is a global automotive technology provider with capabilities to deliver turnkey solutions for next–generation smart vehicles, from the system–on–a–chip (SoC) to central computing platforms and software. As automakers develop new vehicle architectures, ECARX is developing full–stack solutions to enhance the user experience while reducing complexity and cost.

Founded in 2017 and listed on the Nasdaq stock exchange in 2022, ECARX now has over 1,400 employees based in 13 major locations in UK, USA, Brazil, Singapore, Malaysia, Sweden, China and Germany. To date, ECARX products and services can be found in approximately 11 million vehicles worldwide.

For more information: https://ir.ecarxgroup.com

Forward-Looking Statements

This release contains statements that are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's beliefs and expectations as well as on assumptions made by and data currently available to management, appear in a number of places throughout this document and include statements regarding, amongst other things, results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate. The use of words "expects", "intends", "anticipates", "estimates", "predicts", "believes", "should", "potential", "may", "preliminary", "forecast", "objective", "plan", or "target", and other similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties that could cause actual results to differ materially, including, but not limited to statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, and the markets in which we operate.

View original content:https://www.prnewswire.com/news-releases/ecarx-holdings-announces-lone-fonss-schroder-as-chairperson-of-the-board-302744476.html

SOURCE ECARX Holdings Inc.

FAQ

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

What did ECARX (ECX) announce on April 16, 2026 about its board leadership?

ECARX announced the appointment of Lone Fønss Schrøder as Chairperson effective April 16, 2026, separating the Chair and CEO roles. According to the company, Ziyu Shen will continue as Chief Executive Officer and serve on the board to maintain leadership continuity.

Who is Lone Fønss Schrøder and what experience does she bring to ECX (Nasdaq: ECX)?

Lone Fønss Schrøder is an experienced board leader with roles at Volvo Cars and Ingka Holding. According to the company, she brings decades of senior leadership across automotive, technology, finance, logistics, and industrial sectors and governance expertise.

How does separating the Chair and CEO roles affect ECARX (ECX) governance?

Separating the roles is intended to strengthen governance and clarify oversight responsibilities. According to the company, the change enhances board independence while keeping the CEO, Ziyu Shen, focused on operational execution and strategy implementation.

What impact does the Chair appointment have on ECARX's European expansion and 2030 target?

The appointment is positioned to reinforce ECARX's European market presence and strategic expansion efforts. According to the company, it aligns with the goal of generating 50% of revenue from global markets by 2030 and supporting product deployment across regions.

Will Ziyu Shen remain in a leadership role after the April 16, 2026 board change at ECARX (ECX)?

Yes. Ziyu Shen will continue as Chief Executive Officer and a director following the appointment of Lone Fønss Schrøder as Chairperson. According to the company, this maintains operational leadership while strengthening board governance and oversight.