The latest update is out from ECARX Holdings ( (ECX) ).
On March 27, 2025, ECARX Holdings Inc. announced a proposed public offering of 25,000,000 Class A ordinary shares, with an option for underwriters to purchase an additional 3,750,000 shares. The proceeds from this offering are intended to support research and development, establish overseas supply chain networks, and fund general corporate purposes. This move is expected to enhance ECARX’s operational capabilities and strengthen its market position in the automotive technology sector.
More about ECARX Holdings
ECARX Holdings Inc. is a global automotive technology provider that offers comprehensive solutions for next-generation smart vehicles, including system on a chip (SoC), central computing platforms, and software. Founded in 2017 and listed on Nasdaq in 2022, the company operates in major locations across China, the UK, USA, Sweden, and Germany. ECARX collaborates with prominent automakers and its products are integrated into over 8.1 million vehicles worldwide.
YTD Price Performance: 19.80%
Average Trading Volume: 2,690,804
Technical Sentiment Signal: Sell
Current Market Cap: $984.8M
See more data about ECX stock on TipRanks’ Stock Analysis page.