ECARX Holdings announced it has signed a share subscription agreement to make a $23 million strategic investment in Lotus Technology Inc. through a private placement, aiming to broaden the companies’ collaboration into a more integrated global partnership.
Under the agreement, dated December 23, 2025, ECARX will purchase 16,788,321 newly issued ordinary shares of Lotus Tech at $1.37 per share. The transaction is expected to close within 30 days, subject to customary conditions, and the shares will be subject to a six-month lock-up with customary exceptions.
The companies said their initial focus will be deploying ECARX’s Pikes computing platform and Cloudpeak cross-domain software stack with full Google Automotive Services integration in Lotus Tech vehicles globally, a move framed as supporting ECARX’s international expansion.
ECARX, a Nasdaq-listed automotive technology provider, markets full-stack solutions spanning chips, central computing platforms and software for next-generation vehicles. The company says it was founded in 2017, listed in 2022, employs more than 1,500 people across 13 locations worldwide, and has products deployed in roughly 10 million vehicles.
Lotus Technology operates across the UK, EU, and China and describes its focus as luxury lifestyle electric vehicles and R&D across next-generation automobility technologies, including electrification and digitalization.
The companies noted the securities in the private placement have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption.
KEY QUOTES:
“This strategic investment represents a natural and significant step forward in our 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 our Pikes computing platform combined with our world-leading Cloudpeak software platform empower Lotus to establish a robust foundation for the next-generation intelligent driving experience worldwide.”
Ziyu Shen, Chief Executive Officer and Chairman of ECARX
“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.”
Qingfeng Feng, Chief Executive Officer of Lotus Tech
