ECARX invests $23 million in Lotus Technology through private placement

ECARX Holdings Inc. (NASDAQ: ECX) announced it will invest $23 million in Lotus Technology Inc. (NASDAQ: LOT) through a private placement of shares. The mobility technology provider entered into a share subscription agreement on December 23, 2025, according to a press release statement.

Under the agreement, ECARX will purchase 16,788,321 newly issued ordinary shares of Lotus Tech at $1.37 per share. The transaction is expected to close within 30 days, subject to customary closing conditions. The shares will be subject to a six-month lock-up period with certain exceptions.

The investment aims to expand collaboration between the two companies, with initial focus on deploying ECARX's Pikes computing platform and Cloudpeak cross-domain software stack with Google Automotive Services integration in Lotus Tech vehicles globally.

"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," said Ziyu Shen, Chief Executive Officer and Chairman of ECARX.

Lotus Tech CEO Qingfeng Feng stated the investment "strengthens our long-standing partnership with ECARX, a pivotal collaborator in our mission to redefine in-vehicle intelligence."

ECARX, founded in 2017 and listed on Nasdaq in 2022, provides automotive technology solutions and has over 1,500 employees across 13 locations globally. The company's products are found in approximately 10 million vehicles worldwide.

Lotus Technology operates across the UK, EU and China, focusing on luxury electric vehicles and next-generation mobility technologies including electrification and digitalization.

The securities in this private placement have not been registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the United States without registration or applicable exemptions.

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