ECARX Holdings Inc. announced that it has entered into a subscription agreement with Geely Investment Holding Ltd. to issue 27,297,002 newly issued class A ordinary shares at an issue price of $1.67 for gross proceeds of $45,585,993.34 on January 8, 2026. The closing of the private placement is subject to customary closing conditions and is expected to take place in the near future. The ordinary shares to be purchased by Geely Holding in with this private placement will be subject to a six-month lock-up period with certain customary exceptions.