ECARX Holdings Inc. Announces Proposed Offering of 25,000,000 Class A Ordinary Shares

Core Viewpoint - ECARX Holdings Inc. has announced a public offering of 25 million Class A ordinary shares, with an option for underwriters to purchase an additional 3.75 million shares [1][4]. Group 1: Offering Details - The offering will be conducted under the Company's shelf registration statement on Form F-3, which was declared effective by the SEC on December 27, 2024 [3]. - Deutsche Bank AG and China International Capital Corporation are acting as representatives of the underwriters for this offering [2]. - The net proceeds from the offering are intended for research and development initiatives, establishing overseas supply chain networks, and general corporate purposes [4]. Group 2: Company Overview - ECARX is a global automotive technology provider focused on delivering solutions for next-generation smart vehicles, including system on a chip (SoC) and central computing platforms [6]. - Founded in 2017 and listed on Nasdaq in 2022, ECARX employs over 1,900 people across 12 major locations worldwide [7]. - The company collaborates with notable automakers such as Volkswagen Group, FAW, and Dongfeng Peugeot-Citroën, with its products present in over 8.1 million vehicles globally [7].