ECARX Holdings, Inc. (ECX.US) received an investment from Qualcomm Ventures, and the cooperation between the two parties has been further extended to the capital level.

On July 9th, ECARX Holdings, Inc., a global automotive intelligent full-stack solution company, announced that it has signed a share exchange agreement with Qualcomm Ventures LLC. According to the agreement, Qualcomm will subscribe for 10,329,562 shares of Class A common stock of ECARX Holdings, Inc., and the exchange price will be determined based on the volume-weighted average price (VWAP) of the company's common stock on the Nasdaq market for the 20 trading days prior to the signing of the agreement. The announcement stated that this share exchange is an important part of ECARX Holdings, Inc.'s previous disclosure of the acquisition of minority stakes in Star Li Meizu Group and certain intellectual property plans. In the transaction, Qualcomm will use its holdings in Star Li Meizu Group as consideration for settlement. According to the arrangement, this transaction is still subject to customary closing conditions and is expected to be completed in August 2026. The shares subscribed by Qualcomm in this transaction will have a lock-up period of six months and will be subject to certain customary exceptions. It is worth noting that ECARX Holdings, Inc. and Qualcomm have maintained a long-term cooperation in the smart automotive field. Since 2017, the two parties have continued to cooperate and have been actively developing and producing products around smart cockpits and other smart automotive technologies. Currently, ECARX Holdings, Inc. is actively developing the next generation vehicle platform based on the Snapdragon 8397 and 8797. After this transaction is completed, Qualcomm will become one of the shareholders of ECARX Holdings, Inc., which may indicate that the cooperation between the two parties will further extend to the capital level. Market observers believe that Qualcomm's further deepening of cooperation through equity investment not only reflects the continuous deepening of the long-term cooperation between the two parties but also demonstrates the industry's recognition of ECARX Holdings, Inc.'s technological capabilities, product innovation, and global development strategy. For ECARX Holdings, Inc., this transaction not only complements the previous transaction arrangements but also further strengthens the long-term coordination between the company and global industry partners, providing positive support for its continued expansion in the global automotive market.