ECARX (ECX) announced that it entered into a share subscription agreement on December 23, 2025, with Lotus Technology (LOT), to strategically invest US$23 million through a private placement. Pursuant to the Subscription Agreement, ECARX will subscribe for a total of 16,788,321 newly issued ordinary shares of Lotus Tech at a price of US$1.37 per ordinary share, subject to customary closing conditions. The investment is expected to close within 30 days following the execution of the Subscription Agreement. The ordinary shares to be issued in this private placement will be subject to a six-month lock-up period, with certain customary exceptions.
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