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

Rhea-AI Summary

ECARX (Nasdaq: ECX) entered a share subscription agreement with Lotus Technology (Nasdaq: LOT) on December 23, 2025, to invest US$23 million via a private placement.

ECARX will subscribe for 16,788,321 ordinary shares at US$1.37 per share; the investment is expected to close within 30 days and the issued shares will have a six-month lock-up with customary exceptions.

The strategic investment aims to deepen the partnership by deploying ECARX's Pikes computing platform and Cloudpeak software stack with Google Automotive Services in Lotus Tech vehicles globally to accelerate ECARX's international expansion.

Positive

• US$23 million strategic investment into Lotus Technology
• 16,788,321 shares to be issued at US$1.37 per share
• Agreement targets global deployment of Pikes computing platform with Cloudpeak + GMS
• Expected close within 30 days, tightening strategic collaboration

Negative

• Private placement subject to customary closing conditions, so closing is not guaranteed
• Issued ordinary shares subject to a six-month lock-up, limiting immediate liquidity
• Securities not registered under the U.S. Securities Act and cannot be offered or sold in the U.S. absent an exemption

News Market Reaction – LOT

+6.11%

2 alerts

+6.11% News Effect

+4.3% Peak Tracked

+$57M Valuation Impact

$995M Market Cap

0.5x Rel. Volume

On the day this news was published, LOT gained 6.11%, reflecting a notable positive market reaction. Argus tracked a peak move of +4.3% during that session. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $57M to the company's valuation, bringing the market cap to $995M at that time.

Data tracked by StockTitan Argus on the day of publication.

LONDON, Dec. 29, 2025 /PRNewswire/ -- ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the "Company"), a global mobility tech provider, announced that it entered into a share subscription agreement (the "Subscription Agreement") on December 23, 2025, with Lotus Technology Inc. ("Lotus Tech") (Nasdaq: LOT), to strategically invest US$23 million through a private placement.

Pursuant to the Subscription Agreement, ECARX will subscribe for a total of 16,788,321 newly issued ordinary shares of Lotus Tech at a price of US$1.37 per ordinary share, subject to customary closing conditions. The investment is expected to close within 30 days following the execution of the Subscription Agreement. The ordinary shares to be issued in this private placement will be subject to a six-month lock-up period, with certain customary exceptions.

The strategic investment is designed to significantly broaden the collaborative framework between the two companies, deepening the existing relationship into a more integrated, strategic global partnership. Both companies will initially focus on deploying ECARX's Pikes® computing platform and Cloudpeak® cross-domain software stack with full Google Automotive Services integration in Lotus Tech's vehicles globally – accelerating ECARX's global expansion.

Mr. Ziyu Shen, Chief Executive Officer and Chairman of ECARX, commented, "This strategic investment represents a natural and significant step forward in our evolving partnership with Lotus Tech, building upon the deep technical collaboration we already share. Lotus is an iconic brand with strong global recognition, and I remain optimistic about its growth potential in international markets. I look forward to seeing our Pikes computing platform combined with our world-leading Cloudpeak software platform empower Lotus to establish a robust foundation for the next-generation intelligent driving experience worldwide."

Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech, commented, "This investment strengthens our long-standing partnership with ECARX, a pivotal collaborator in our mission to redefine in-vehicle intelligence. This strengthened partnership underscores the deepened global collaboration with ECARX and our shared unwavering commitment to accelerate innovation of next-generation intelligent cockpit ecosystems to deliver unparalleled AI-driven experiences. It also demonstrates a strong vote of confidence in our long-term value creation for shareholders." 

The securities offered in this private placement have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any state or other applicable jurisdiction's securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state or other jurisdictions' securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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 Nasdaq in 2022, ECARX now has over 1,500 employees based in 13 major locations in China, UK, USA, Brazil, 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. To date, ECARX products can be found in approximately 10 million vehicles worldwide.

About Lotus Technology Inc.

Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalisation and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com.

Forward-Looking Statements

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential", "forecast", "plan", "seek", "future", "propose" or "continue", or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading "Risk Factors" in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Investor Contacts:
ir@ecarxgroup.com 

View original content:https://www.prnewswire.com/news-releases/ecarx-announces-us23-million-strategic-investment-in-lotus-technology-to-deepen-global-partnership-302650110.html

SOURCE ECARX Holdings Inc.

FAQ

What did ECARX (ECX) announce about its investment in Lotus Technology (LOT) on December 23, 2025?

ECARX agreed to invest US$23 million via a private placement to subscribe for 16,788,321 Lotus shares at US$1.37 per share.

When is the ECARX investment in Lotus (ECX → LOT) expected to close?

The investment is expected to close within 30 days following the December 23, 2025 subscription agreement.

What are the share issuance and lock-up terms for ECARX's Lotus (LOT) private placement?

Lotus will issue 16,788,321 ordinary shares at US$1.37 each; the shares will be subject to a six-month lock-up with customary exceptions.

How will ECARX's technology be used after the US$23M investment in Lotus (LOT)?

Both companies will focus on deploying ECARX's Pikes computing platform and Cloudpeak cross-domain software with full Google Automotive Services integration in Lotus vehicles globally.

Does the ECARX private placement in Lotus (LOT) allow immediate resale in the U.S.?

No; the securities were not registered under the U.S. Securities Act and may not be offered or sold in the U.S. absent registration or an applicable exemption.