Geely-backed tech firm ECARX to go public in $3.8B blank-check deal

Geely Shufu — Eric Li, the chairman of Zhejiang Geely Holding Company, was a co-founder of ECARX, which develops software and hardware such as digital cockpit and infotainment systems for cars. (Bloomberg)

By:

From wire reports

May 26, 2022 12:18 PM

Geely-backed ECARX Holdings said on Thursday it would go public through a merger with a blank-check firm in a deal that values the automobile technology company at $3.82 billion.

Featured Stories

Trump pauses reciprocal tariffs on most countries; auto tariffs still in effect, White House says

Record 20% of new-vehicle borrowers used 84-month loans in Q1, Edmunds says

Live updates on tariffs: Reciprocal tariffs paused, auto tariffs still in effect

Which vehicles are subject to Trump’s auto tariffs? Check our list

Latest News

Trump pauses reciprocal tariffs on most countries; auto tariffs still in effect, White House says

Live updates on tariffs: Reciprocal tariffs paused, auto tariffs still in effect

Stellantis pulls Jeep, Ram and Dodge tariff-response ads after built-in-USA scrutiny

BYD’s Denza Z9 GT takes on Porsche Taycan as upscale Chinese brand launches in Europe

Staying current is easy with newsletters delivered straight to your inbox.

See More in Technology

Nvidia-GM deal underscores a shifting auto technology landscape

Derq uses AI outside of the car to increase driver, passenger and pedestrian safety

Traffic deaths show no signs of abating despite years of tech advances

Nvidia GTC: Here’s a recap of the auto tech developments at the AI showcase

Staying current is easy with newsletters delivered straight to your inbox.