1. Lotus Tech announces a $23M investment from ECARX through a share subscription. 2. ECARX will purchase 16,788,321 shares at $1.37 each, enhancing partnership. 3. Investment aims to strengthen collaboration on intelligent cockpit ecosystems. 4. CEOs of both companies express optimism about future growth and innovation. 5. Private placement will have a six-month lock-up period for new shares.
FAQ
Why Bullish?
The investment indicates strong confidence in LOT's growth potential, similar to past high-profile partnerships that boosted stock prices.
How important is it?
The substantial investment signals positive market confidence and potential revenue increases.
Why Long Term?
The focus on intelligent vehicle technology positions LOT well for future advancements and market demands.
Lotus Technology Inc. Announces US$23 Million Strategic Investment from ECARX Holdings Inc.
NEW YORK, Dec. 29, 2025 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a prominent global intelligent and luxury mobility provider, has revealed a significant development. On December 23, 2025, Lotus Tech entered into a share subscription agreement with ECARX Holdings Inc. (“ECARX”) (Nasdaq: ECX), a global player in mobility technology. This agreement includes the subscription and purchase of 16,788,321 newly issued ordinary shares by ECARX at a price of US$1.37 per share, culminating in a total investment of US$23 million.
Details of the Strategic Investment
The private placement is set to close within 30 days of the execution of the Subscription Agreement and is contingent upon customary closing conditions. The shares purchased by ECARX will be locked up for a duration of six months, with certain customary exceptions detailed in the agreement.
Strengthening Partnerships for Enhanced Collaboration
The strategic investment aims to deepen the collaboration between Lotus Tech and ECARX, transitioning their relationship into a more integrative global partnership. Qingfeng Feng, Chief Executive Officer of Lotus Tech, stated, “This investment strengthens our long-standing partnership with ECARX, a pivotal collaborator in our mission to redefine in-vehicle intelligence.” He emphasized the commitment to accelerate innovation in next-generation intelligent cockpit ecosystems.
Insights from ECARX Leadership
Commenting on the investment, Ziyu Shen, Chief Executive Officer and Chairman of ECARX, remarked, “This strategic investment represents a natural and significant step forward in ECARX’s evolving partnership with Lotus Tech.” Shen expressed optimism about the growth potential of Lotus Tech globally, highlighting the combined strengths of ECARX’s Pikes computing platform and Cloudpeak software in enhancing intelligent driving experiences worldwide.
About Lotus Technology Inc.
Lotus Technology Inc. operates extensively across the UK, EU, and China, focusing on the development of luxury lifestyle electric vehicles. The Company emphasizes world-class research and development in cutting-edge automotive technologies, including electrification and digitalization. For more information, visit www.group-lotus.com.
About ECARX
Founded in 2017 and listed on Nasdaq in 2022, ECARX (Nasdaq: ECX) specializes in automotive technology, providing comprehensive solutions for next-generation smart vehicles. The company operates in 13 major locations globally and employs over 1,500 people. ECARX products are presently utilized in approximately 10 million vehicles worldwide.
Important Notices
The securities involved in this private placement have not been registered under the U.S. Securities Act of 1933 and may not be sold in the United States without proper registration or an applicable exemption. This announcement does not constitute an offer to sell or a solicitation to buy any securities.
Forward-Looking Statements
This press release includes forward-looking statements as defined by the U.S. Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could affect the actual results. Lotus Technology Inc. undertakes no obligation to update or revise these forward-looking statements, except as mandated by applicable law.
Contact Information
For investor inquiries, please contact: ir@group-lotus.com.