ECARX Announces Board Change

Company Overview - ECARX Holdings Inc. is a global mobility tech provider focused on delivering turnkey solutions for next-generation smart vehicles, including system on a chip (SoC), computing platforms, and software [2] - Founded in 2017 and listed on Nasdaq in 2022, ECARX has over 2,000 employees across 12 major locations worldwide, including China, the UK, the USA, Sweden, Germany, and Malaysia [3] - The company was co-founded by Ziyu Shen and Eric Li, who is also the founder and chairman of Zhejiang Geely Holding Group, which has ownership interests in brands like Lotus, Lynk & Co, Polestar, Smart, and Volvo Cars [3] - ECARX products are currently integrated into over 6.4 million vehicles globally [3] Recent Developments - Mr. Tao Li has been appointed as a director of ECARX effective July 29, 2024, replacing Mr. Tan Su, who resigned for personal reasons [1] - Mr. Li has extensive experience in R&D efficiency and AI technology application, having joined Baidu in 2012 and currently serving as the general manager of Baidu's Apollo intelligent cockpit business since 2024 [1]