ECARX Holdings Inc. announced a private placement with Lotus Technology Inc., purchasing 16,788,321 newly issued ordinary shares at $1.37 per share for a total of $23 million. The transaction is expected to close within 30 days of the agreement and includes a six‑month lock‑up period for the shares.
The deal deepens a partnership that has already seen ECARX’s Pikes computing platform and Cloudpeak software stack integrated into Lotus vehicles. The investment provides Lotus with a capital infusion to support its shift toward hybrid powertrains and to fund the development of next‑generation in‑vehicle intelligence, while giving ECARX a stronger foothold in Lotus’s global dealer network.
Lotus Technology has reported a negative EBITDA of $12.02 million for the past twelve months and declining revenue, reflecting challenges in the luxury electric‑vehicle market. The $23 million injection is expected to shore up liquidity and support the company’s pivot to hybrid technology, providing a financial cushion as it navigates a slower EV adoption curve in the luxury segment.
ECARX’s Q3 2025 results showed strong revenue growth driven by expanding deployments of its platform in more than 10 million vehicles worldwide. The new capital will help ECARX accelerate global expansion and deepen its integration with Lotus’s dealer network, reinforcing its position as a key technology partner in the automotive industry.
CEO Ziyu Shen said the partnership “builds on a deep technical collaboration and positions ECARX to deliver a robust foundation for next‑generation intelligent driving experiences worldwide.” CEO Qingfeng Feng added that the investment “strengthens our long‑standing partnership and demonstrates confidence in our long‑term value creation.”
The announcement was positively received by investors, reflecting confidence in the strategic alignment and the potential for accelerated growth in both companies.
The private placement represents a significant capital structure change and a strategic pivot for Lotus, while reinforcing ECARX’s global expansion strategy and its role as a key technology partner in the automotive industry.
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