ECARX Signs Components Procurement and R&D Services Agreement with Geely Auto
ECARX Holdings Inc. (ECX)
Company Research
Source: GlobeNewswire
SHANGHAI, Nov. 18, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (Nasdaq: ECX) (“ECARX”), a global mobility tech provider, today announced that, on November 14, 2024, it entered into a components procurement and R&D services agreement with Geely Automobile Holdings Limited (HKEX: 0175) (“Geely Auto”), Zhejiang HUANFU and Hangzhou Langge (the “Components Procurement and R&D Services Agreement”), pursuant to which Geely Auto agrees to, subject to certain conditions set forth therein, purchase automobile components and R&D services from the Company, Zhejiang HUANFU Technology Co., Ltd. and Hangzhou Langge Technology Co., Ltd. (collectively, the “Supplier Group”) to further enhance the driving technology system for new energy vehicles of Geely Auto. The agreement has a term of three years and ends on December 31, 2027. The aggregated annual caps covered by the Components Procurement and R&D Services Agreement – totaling RMB6,387.281 million, RMB6,430.855 million and RMB6,489.889 million
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ECX
News
- ECARX Holdings Inc. (NASDAQ: ECX) is now covered by analysts at UBS Group AG. They set a "buy" rating and a $3.20 price target on the stock.MarketBeat
- ECARX to Power Launch of First Hongqi Model Under Strategic Partnership with FAW, Debuting AutoGPT with DeepSeek-R1 Integration [Yahoo! Finance]Yahoo! Finance
- ECARX to Power Launch of First Hongqi Model Under Strategic Partnership with FAW, Debuting AutoGPT with DeepSeek-R1 IntegrationGlobeNewswire
- ECARX AutoGPT Integrates DeepSeek-R1 Model [Yahoo! Finance]Yahoo! Finance
- ECARX AutoGPT Integrates DeepSeek-R1 ModelGlobeNewswire
ECX
Sec Filings
- 2/11/25 - Form 6-K
- 1/13/25 - Form 6-K
- 12/30/24 - Form EFFECT
- ECX's page on the SEC website