Business
Lotus Technology Inc. Announces US$23 Million Strategic Investment from ECARX Holdings Inc.
NEW YORK, Dec. 29, 2025 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent and luxury
About this update from Ecarx Holdings Inc.
[{"type":"text","content":"NEW YORK, Dec. 29, 2025 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, today announced that the Company entered into a share subscription agreement (the “Subscription Agreement”) with ECARX Holdings Inc. (“ECARX”) (Nasdaq: ECX), a global mobility technology provider, on December 23, 2025. ECARX has agreed to subscribe for and purchase from the Company, through a private placement, a total of 16,788,321 newly issued ordinary shares of the Company at a price of US$1.37 per ordinary share, for a total purchase price of US$23 million. The private placement is subject to customary closing conditions and is expected to close within 30 days following the execution of the Subscription Agreement. The ordinary shares to be purchased by ECARX in this private placement will be subject to a six-month lock-up period with certain customary exceptions. The strategic investment is designed to significantly broaden the collaborative framework between the two companies, deepening the existing relationship into a more integrated, strategic global partnership. Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech, commented: “This investment strengthens our long-standing partnership with ECARX, a pivotal collaborator in our mission to redefine in-vehicle intelligence. This strengthened partnership underscores the deepened global collaboration with ECARX and our shared unwavering commitment to accelerate innovation of next-generation intelligent cockpit ecosystems to deliver unparalleled AI-driven experiences. It also demonstrates a strong vote of confidence in our long-term value creation for shareholders.” Mr. Ziyu Shen, Chief Executive Officer and Chairman of ECARX, commented, “This strategic investment represents a natural and significant step forward in ECARX’s evolving partnership with Lotus Tech, building upon the deep technical collaboration we already share. Lotus is an iconic brand with strong global recognition, and I remain optimistic about its growth potential in international markets. I look forward to seeing ECARX’s Pikes computing platform combined with ECARX’s world-leading Cloudpeak software platform empower Lotus to establish a robust foundation for the next-generation intelligent driving experience worldwide.” The securities off...