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ECARX Announces Upsizing and Extension of Share Repurchase Program

1. ECARX announces $20 million share repurchase extension to March 2026. 2. Total repurchase authorization reached $40 million. 3. Company focuses on next-gen smart vehicle technology. 4. ECARX operates across 12 global locations with 1,900 employees. 5. Products in over 8.1 million vehicles emphasize strong market presence.

Shares Buyback
-0.81%Current Return
VS
-1.57%S&P 500
$104/08 07:16 AM EDTEvent Start
$0.991904/08 09:10 PM EDTLatest Updated
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FAQ

Why Bullish?

The increase in share repurchase authorization indicates confidence in ECX's stability and growth potential, similar to past repurchase boosts seen in strong-performing tech companies like Apple, where stock prices typically rise following such announcements.

How important is it?

The article's focus on share buybacks, which directly impacts stock price, suggests moderate to high relevance and potential for investor confidence boost. The approval of a larger share repurchase program can accelerate demand for shares and signal strength to the market.

Why Short Term?

The immediate effect of share buybacks can create upward pressure on stock prices in the short term, as seen in similar cases when companies actively reduce their share count, thereby increasing earnings per share.

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April 08, 2025 07:00 ET  | Source: ECARX LIMITED SHANGHAI, April 08, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (Nasdaq: ECX) (“ECARX” or “the Company”), a global mobility tech provider, today announced that the Company’s board of directors has approved an additional US$20 million in share repurchase authorization under the share repurchase program adopted on December 20, 2024 as well as an extension to its term. This approval brings the total repurchase authorization under the program to $40 million and its term is now extended to March 31, 2026. 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 1,900 employees based in 12 major locations in China, UK, USA, Sweden, and Germany. To date, ECARX products can be found in over 8.1 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 forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law. Investor Contacts: Rene Du ir@ecarxgroup.com Media Contacts: ecarx@christensencomms.com

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