ECARX Holdings Announces Public Offering of 25 Million Shares

The latest announcement is out from ECARX Holdings ( (ECX) ).

On March 28, 2025, ECARX Holdings Inc. announced the pricing of its public offering of 25,000,000 Class A ordinary shares at $1.80 per share, with an option for underwriters to purchase an additional 3,750,000 shares. The proceeds from this offering will be used for research and development, establishing overseas supply chain networks, and general corporate purposes. This move is expected to bolster ECARX’s operational capabilities and strengthen its position in the automotive technology industry.

More about ECARX Holdings

ECARX Holdings Inc. is a global automotive technology provider specializing in delivering turnkey solutions for next-generation smart vehicles. Their offerings range from systems on a chip (SoC) to central computing platforms and software, aimed at enhancing user experience while reducing complexity and cost. Founded in 2017 and listed on Nasdaq in 2022, ECARX operates in major locations across China, the UK, USA, Sweden, and Germany, and collaborates with renowned automakers like Volkswagen, FAW, and Dongfeng Peugeot-Citroën. The company’s products are integrated into over 8.1 million vehicles worldwide.

YTD Price Performance: 11.88%

Average Trading Volume: 2,680,565

Technical Sentiment Signal: Sell

Current Market Cap: $775.5M

See more data about ECX stock on TipRanks’ Stock Analysis page.