Mobility technology company ECARX said it has entered into a share subscription agreement with Geely Investment Holding Ltd., reinforcing strategic and capital links between the two companies as they deepen cooperation in intelligent vehicle technologies.
The agreement, signed on Jan. 8, 2026, provides for Geely Holding to subscribe to about 27.3 million newly issued Class A ordinary shares of ECARX through a private placement at $1.67 per share, representing a total investment of roughly $45.6 million, ECARX said on Jan. 12.
The newly issued shares will be subject to a six-month lock-up period, with limited exceptions, underscoring what ECARX described as the long-term strategic nature of the investment rather than a short-term financial transaction.
ECARX said the proceeds will be used to accelerate the development and commercialisation of its intelligent automotive hardware and software solutions, while supporting global deployment of its technologies and strengthening liquidity.
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Li Donghui, executive vice chairman of Geely Holding Group, said the investment reflected Geely’s confidence in ECARX’s long-term direction. “ECARX has already established itself as an important technology partner within the global automotive industry,” Li said, adding that the company’s innovations are expected to play a growing role in shaping the future of intelligent vehicles.
ECARX Chairman and Chief Executive Shen Ziyu said the investment followed a year of international expansion, including securing two global programmes with Volkswagen Group and deepening cooperation with Lotus. He said the funding would support growth in key overseas markets, including ECARX’s research and development centre in Germany and operations in South America and Southeast Asia.
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Shen also said Geely’s participation sent a signal of support at a time when ECARX believes its market valuation does not fully reflect its long-term growth prospects. “This investment represents a strong vote of confidence in our fundamentals, global strategy and ability to respond to market demand,” he said.
Geely Holding is a long-standing backer of ECARX and has positioned the company as a core technology partner across its automotive portfolio, as Chinese automakers increasingly invest in software-defined vehicles and advanced intelligent driving systems.