ECARX Secured up to $150 Million to Advance Strategic Growth Initiatives and Strengthen Liquidity

Rhea-AI Summary

ECARX (Nasdaq: ECX) announced a securities purchase agreement with ATW Partners on October 31, 2025 to issue convertible notes for up to an aggregate principal amount of $150 million. The company said the financing is expected to enhance liquidity and strengthen its balance sheet to support global expansion, product innovation, partnerships with international OEMs, and investments in software-defined vehicle and intelligent cockpit technologies.

D. Boral Capital acted as exclusive placement agent. The announcement notes that full terms are filed in a Form 6-K available in ECARX's SEC filings and that the release is not an offer to sell securities.

Positive

• $150 million potential capital under securities purchase agreement
• Company expects improved liquidity and stronger balance sheet
• Proceeds targeted to accelerate global expansion and product innovation

Negative

• Financing via convertible notes could lead to shareholder dilution if converted

Insights

Capital Markets Strategist

ECARX secured up to $150,000,000 in convertible financing to bolster liquidity and fund global growth initiatives.

The company entered a securities purchase agreement with ATW Partners to potentially issue convertible notes for up to $150,000,000, with D. Boral Capital LLC as exclusive placement agent and a Form 6-K filed for full terms. The proceeds are described as intended to enhance liquidity, strengthen the balance sheet, and support global expansion, product innovation, partnerships with OEMs, and investments in software-defined vehicle and intelligent cockpit technologies.

Execution depends on completing the Transaction under the filed terms and then deploying proceeds as stated. Watch the Oct. 31, 2025 filing and the Form 6-K for conversion terms, maturities, covenants, and use-of-proceeds detail; those items will determine capital structure effects and near-term flexibility. Expect material updates when definitive issuance terms are disclosed and when proceeds are drawn or deployed over the coming quarters.

LONDON, Oct. 31, 2025 /PRNewswire/ -- ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the "Company"), a global mobility technology provider, today announced that it had entered into a securities purchase agreement (the "Transaction") with ATW Partners, a New York-based investment firm, under which the Company may issue and sell convertible notes for up to an aggregate principal amount of $150 million.

This financing is expected to enhance ECARX's liquidity position and strengthen its balance sheet, providing greater financial flexibility to execute on its strategic priorities. The proceeds will support the Company's ongoing global expansion, including accelerating product innovation, scaling partnerships with international OEMs, and investing in software-defined vehicle and intelligent cockpit technologies across global markets.

Mr. Ziyu Shen, Chief Executive Officer and Chairman of ECARX, commented: "This transaction reflects the confidence institutional investors have in ECARX's technology leadership and global growth strategy. The additional capital will support the advancement of next-generation mobility solutions, reinforce our balance sheet, and position the Company to deliver sustainable value for our shareholders over the long term."

D. Boral Capital LLC acted as the exclusive placement agent for the offering.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. Additional information, including the full terms of the financing transactions, is available in the Form 6-K that the Company filed with the SEC, accessible on ECARX's SEC filings page.

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 electric vehicle architectures from the ground up, ECARX is developing full-stack solutions to enhance the user experience, while reducing complexity and cost.

Founded in 2017 and listed on the Nasdaq in 2022, ECARX now has over 1,600 employees based in 13 major locations in China, UK, USA, Singapore, Malaysia, Sweden and Germany. The co-founders are two automotive entrepreneurs, Chairman and CEO Ziyu Shen, and Eric Li (Li Shufu), who is also the founder and chairman of Zhejiang Geely Holding Group — with ownership interests in global brands including Lotus, Lynk & Co, Geely, Galaxy, Polestar, Smart, and Volvo Cars. ECARX also works with other well-known automakers, including Volkswagen Group, FAW Group and Dongfeng Peugeot-Citroën. To date, ECARX products can be found in over 9.3 million vehicles worldwide.

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.

For a discussion of these and other risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statement, see ECARX's filings with the U.S. Securities and Exchange Commission. ECARX undertakes no obligation to update or revise and forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law.

Investor Contacts:  ir@ecarxgroup.com; 

 

 

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SOURCE ECARX Holdings Inc.

FAQ

What did ECARX (ECX) announce on October 31, 2025 about financing?

ECARX announced a securities purchase agreement with ATW Partners to issue convertible notes for up to $150 million.

How much liquidity does the ECARX (ECX) agreement with ATW Partners provide?

The agreement allows ECARX to issue convertible notes for up to an aggregate principal amount of $150 million.

What will ECARX (ECX) use the $150 million financing for?

ECARX said proceeds will support global expansion, accelerate product innovation, scale OEM partnerships, and invest in software-defined vehicle and intelligent cockpit technologies.

Will the ECARX (ECX) financing affect the company’s balance sheet?

The company expects the financing to enhance liquidity and strengthen its balance sheet.

Who is the placement agent for ECARX's (ECX) convertible note offering?

D. Boral Capital acted as the exclusive placement agent for the offering.

Where can investors find the full terms of ECARX's (ECX) financing announced October 31, 2025?

Full terms are available in the Form 6-K filed with the SEC, accessible on ECARX's SEC filings page.