Shanghai (Gasgoo)- Mobility technology company ECARX announced on January 12 that it has entered into a share subscription agreement with Geely Investment Holding Ltd., with the transaction signed on January 8, 2026. The deal further strengthens the strategic and capital ties between the two companies, underscoring Geely's continued backing of ECARX as a core technology partner in intelligent vehicles.
Image source: ECARX
Under the agreement, Geely Holding will subscribe to approximately 27,297,002 newly issued Class A ordinary shares of ECARX through a private placement, at a price of US$1.67 per share. The transaction represents a total investment of about US$45.6 million.
The newly issued shares will be subject to a six-month lock-up period, with limited exceptions, highlighting the strategic and long-term nature of Geely Holding's investment rather than a short-term financial play.
ECARX said the proceeds will be used to accelerate the development and commercialization of its advanced intelligent automotive hardware and software solutions. The company also plans to scale up deployment of its technologies and products worldwide, supporting global business growth while strengthening its financial position and liquidity.
Executive Vice Chairman of Geely Holding Group Li Donghui said the investment reflects Geely's strong confidence in ECARX's long-term vision and technological capabilities. He noted that ECARX has already established itself as an important technology partner within the global automotive industry, and that its innovations are expected to play an increasingly influential role in shaping the future of intelligent vehicles worldwide.
ECARX chairman and CEO Shen Ziyu said the new investment comes on the back of a year marked by major international progress, including the award of two global programs from the Volkswagen Group and a deeper strategic partnership with Lotus. He said the funding will support ECARX's expansion across key growth markets, including its R&D center in Germany as well as operations in South America and Southeast Asia, strengthening the company's global capabilities in research, delivery and supply chain management.
Shen added that at a time when the company believes its share price does not fully reflect its long-term growth potential, Geely Holding's investment represents a strong vote of confidence in ECARX's fundamentals, global strategy and ability to respond to market demand.
