StockNews.AI
ECX
StockNews.AI
218 days

ECARX Announces Board Change

1. Zenggang Liu replaces Tao Li as ECARX director effective January 13, 2025. 2. Mr. Liu has extensive experience in the mapping industry from Baidu. 3. ECARX provides technology solutions for next-gen smart vehicles. 4. Over 7.3 million ECARX products are currently in use worldwide. 5. The company operates in several major locations worldwide, enhancing its global presence.

5m saved
Insight
Article

FAQ

Why Bullish?

The appointment of a seasoned director could enhance strategic direction and partnerships, positively influencing ECX.

How important is it?

Leadership changes can signal strategic shifts, impacting investor confidence and stock performance.

Why Short Term?

Immediate leadership changes often lead to quick market reactions, especially in tech sectors like mobility.

Related Companies

BIDUGOOGTSLA
January 13, 2025 16:30 ET  | Source: ECARX LIMITED SHANGHAI, Jan. 13, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced the appointment of Mr. Zenggang Liu as a director of the Company, effective on January 13, 2025, to replace Mr. Tao Li, who has tendered his resignation as a director of the Company effective on the same day due to personal reasons. Mr. Liu joined Baidu in 2014 and currently serves as the deputy general manager of Baidu Maps. He oversees Baidu Maps’ open platform business and navigation business, and has amassed substantial experience in the mapping industry. Mr. Liu received a bachelor's degree from Harbin Institute of Technology and a master's degree Northeastern University. About ECARX ECARX (Nasdaq: ECX) is a global automotive technology provider with capabilities to deliver turnkey solutions for next-generation smart vehicles, from the system on a chip (SoC), to central computing platforms, and software. As automakers develop new electric vehicle architectures from the ground up, ECARX is developing full-stack solutions to enhance the user experience, while reducing complexity and cost. Founded in 2017 and listed on the Nasdaq in 2022, ECARX now has over 1,800 employees based in 12 major locations in China, UK, USA, Sweden, Germany, and Malaysia. The co-founders are two automotive entrepreneurs, Chairman and CEO Ziyu Shen, and Eric Li (Li Shufu), who is also the founder and chairman of Zhejiang Geely Holding Group — with ownership interests in global brands including Lotus, Lynk & Co, Geely Galaxy, Polestar, smart, and Volvo Cars. ECARX also works with other well-known automakers, including FAW and Dongfeng Peugeot-Citroën. To date, ECARX products can be found in over 7.3 million vehicles worldwide. Forward-Looking Statements This release contains statements that are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s beliefs and expectations as well as on assumptions made by and data currently available to management, appear in a number of places throughout this document and include statements regarding, amongst other things, results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate. The use of words “expects”, “intends”, “anticipates”, “estimates”, “predicts”, “believes”, “should”, “potential”, “may”, “preliminary”, “forecast”, “objective”, “plan”, or “target”, and other similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties that could cause actual results to differ materially, including, but not limited to statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, and the markets in which we operate. For a discussion of these and other risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statement, see ECARX’s filings with the U.S. Securities and Exchange Commission. ECARX undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law. Investor Contacts:ir@ecarxgroup.comMedia Contacts:ecarx@christensencomms.com

Related News