ECARX Holdings, Inc.

ECARX Signs MoU with Arm to advance next-generation high-performance AI computing across industry applications

ECARX signed a non-binding Memorandum of Understanding with Arm to jointly explore and develop next-generation high-performance AI computing platforms for mobility and broader cross-industry applications. The MoU covers joint co-engineering across system architecture, software enablement, functional safety, and cybersecurity validation, building on the partners' long-standing collaboration through SiEngine, whose 7nm SE1000 SoC has shipped millions of units since March 2023 and whose 5nm SE2000 is in development. No financial terms or binding commitments were disclosed; the agreement is an exploratory framework that signals deeper strategic alignment as the industry shifts toward AI-defined vehicles.

•7d ago

ECARX Announces Settlement in Full of Senior Convertible Note at Maturity

ECARX settled in full its US$50 million senior convertible note at its October 30, 2026 maturity, repaying the balance in cash and cancelling the note. The company also paid the US$10 million waiver consideration under a limited waiver agreement dated October 14, 2026, under which the investor irrevocably waived rights to require any additional note issuances under the securities purchase agreement. CFO Dylan Jeng framed the settlement as limiting dilution and simplifying the capital structure, supporting the push toward profitability.

•10d ago

ECARX Completes Acquisition of Flyme Software Business, Securing End-to-End Operating System Capabilities

ECARX completed its acquisition of the entire Flyme software business, including Flyme Auto and Flyme OS, via 100% ownership of Hubei Qiguang Technology, an entity carved out of DreamSmart Group. Total consideration was RMB1.8 billion (approximately US$266 million), roughly in line with an independent valuation of RMB1.824 billion, funded approximately 70% with 10-year syndicated bank loans and 30% from internal cash, plus a RMB200 million post-closing capital injection. Flyme Auto is already deployed in 3.5 million production vehicles, and ECARX will run Flyme as an independent software division, giving it end-to-end hardware-plus-software stack control and new licensing and ecosystem monetization opportunities.

•1mo ago

ECARX Surpasses 12 Million Vehicles Globally, Marking New Milestone in Automotive Intelligence

ECARX's automotive intelligence technologies have now been deployed in more than 12 million vehicles worldwide, spanning 18 OEMs, 28 brands and 159 markets. The company added over 914,000 vehicle deployments in the first half of 2026, with programs across Geely, FAW-Hongqi, Lotus, Polestar, Volvo Cars, Renault and Volkswagen. Its pending acquisition of Flyme Auto would add proprietary end-to-end cockpit OS software; Flyme Auto recorded more than 1.17 million deployments from January through August 2026, bringing cumulative deployments to 3.44 million vehicles.

•1mo ago

Flyme AIOS to Deploy WorkBuddy AI Tools Across All Flyme Platforms

ECARX announced that Tencent Cloud's WorkBuddy, an agentic AI work assistant, will be jointly developed and deployed across Flyme AIOS, the intelligent operating system ECARX has signed a definitive agreement to acquire. WorkBuddy will roll out across the full Flyme ecosystem, including Flyme Auto for in-vehicle deployments, letting users complete tasks like drafting documents, organising data and automating workflows via natural-language prompts. The tie-up extends ECARX's AI stack beyond the vehicle and reinforces the strategic rationale of the pending Flyme acquisition, which will fold Flyme AIOS into ECARX's full-stack software infrastructure serving roughly 12 million vehicles.

•2mo ago

ECARX Announces Second Quarter 2026 Unaudited Financial Results

ECARX reported Q2 2026 revenue of $225.2 million, up 45% year-over-year, driven by a shift to higher-value products and strong demand outside China. Gross margin nearly doubled to 19.8%, enabling the company to achieve positive adjusted EBITDA of $0.5 million, its fourth consecutive quarter of profitability at this metric. Management reiterated full-year 2026 revenue guidance of $1.0 billion to $1.1 billion and highlighted strategic progress, including the acquisition of the Flyme software business and a partnership with TPK Holdings for LiDAR development.

•2mo ago

ECARX-Backed Chip Maker SiEngine Secures US$200M Equity Financing to Accelerate Vertical Silicon-to-Software SDV Innovation

SiEngine Technology, an ECARX-incubated automotive chip designer in which ECX is the largest shareholder, secured $200 million in equity financing during the first half of 2026. The capital injection validates ECARX's vertical silicon-to-software strategy and will fund SiEngine's R&D, production expansion, and globalization efforts for its vehicle-grade chips. SiEngine's Longying chips power ECARX's Antora platforms, which are deployed across millions of vehicles including models from Geely Galaxy, Lynk & Co, and FAW Hongqi, with a new 5nm Longying II chip unveiled for next-gen systems.

•3mo ago

ECARX Honoured with Volkswagen Brazil's Partnership Connectivity Award at The One 2026

ECARX received the Partnership Connectivity Award from Volkswagen Brazil at the automaker's flagship The One 2026 supplier summit. The award recognizes ECARX's delivery of digital cockpit and connected vehicle technology, specifically its Antora computing platforms and Cloudpeak software, which power VW and Skoda vehicles across Latin America. CEO Ziyu Shen accepted the award, noting it validates the team's expertise and the joint innovation roadmap with Volkswagen Group South America.

•4mo ago

ECARX Enters Definitive Agreement to Acquire Full Flyme Software Business, Securing End-to-End OS Capabilities

ECARX has entered a definitive agreement to acquire the entire Flyme software business, including Flyme Auto and Flyme OS, from DreamSmart Group for RMB1.8 billion (~$266 million). The acquisition secures a mature, production-proven software stack already deployed in over 2 million vehicles, giving ECARX proprietary end-to-end OS capabilities and strengthening its competitive position with global OEMs. The deal is funded by a mix of 70% syndicated bank loans and 30% internal sources, with a RMB200 million capital injection planned for the acquired entity post-closing to support operations.

•4mo ago

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

ECARX and TPK have signed a binding memorandum to co-develop the ORCA LiDAR platform, marking ECARX's formal entry into the LiDAR sector. The partnership combines ECARX's system integration and commercialization strengths with TPK's optical manufacturing expertise, with mass production slated for 2028 at TPK's Thailand facility. This move rounds out ECARX's full-stack automotive intelligence ecosystem, enabling proprietary end-to-end perception capabilities for global OEMs and robotaxi fleets.

•5mo ago