ECARX Holdings, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $333.8M
- Price
- $0.8493
- % Change (Daily % change from the live per-ticker quote feed.)
- -0.08%
- Volume
- 177.2K
About
ECARX Holdings, Inc., established in 2017, specializes in the conceptualization, engineering, and provision of cutting-edge automotive technology solutions. The company's primary offerings encompass a range of advanced products, including integrated infotainment systems, sophisticated digital dashboards, purpose-built vehicle chipsets, and a complete ecosystem of operating system and software layers. Headquartered in Shanghai, China, the firm also maintains an operational presence with an office in Europe.
Quick stats
Shares outstanding393.0M
Computed float142.3M
Float / shares36.2%
Key info
SectorConsumer Cyclical
IndustryAuto - Parts
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001861974
Websitehttps://www.ecarxgroup.com
AI Summary
AI-generated1/23
standardbullishm and a
ECARX Completes Acquisition of Flyme Software Business, Securing End-to-End Operating System Capabilities
ECARX completed its acquisition of the entire Flyme software business, including Flyme Auto and Flyme OS, via 100% ownership of Hubei Qiguang Technology, an entity carved out of DreamSmart Group.
Total consideration was RMB1.8 billion (approximately US$266 million), roughly in line with an independent valuation of RMB1.824 billion, funded approximately 70% with 10-year syndicated bank loans and 30% from internal cash, plus a RMB200 million post-closing capital injection.
Flyme Auto is already deployed in 3.5 million production vehicles, and ECARX will run Flyme as an independent software division, giving it end-to-end hardware-plus-software stack control and new licensing and ecosystem monetization opportunities.
Red flags
- approximately 70% of the all-cash consideration funded with syndicated bank loans adds meaningful leverage
- seller-related carve-out (from DreamSmart Group) — related-party dynamics worth monitoring