Financing ·
On June 29, 2026, ECARX (Hubei) Ecological Investment Co., Ltd. and ECARX (Hubei) Technology Co., Ltd. entered into a…
ECXECARX Holdings Inc.
On June 29, 2026, ECARX (Hubei) Ecological Investment Co., Ltd. and ECARX (Hubei) Technology Co., Ltd. entered into a syndicated loan agreement for up to RMB1,260,000,000 (approximately US$185 million). The facility will fund the 100% equity acquisition of Hubei Qiguang Technology Co., Ltd. The loan carries a floating interest rate of the 5-year Loan Prime Rate plus 10 basis points, featuring a 10-year term with semi-annual repayments starting December 2026. Security for the loan includes a pledge of Hubei Qiguang equity interests and an irrevocable joint and several liability guarantee. An account supervision agreement requires borrowers to deposit revenues into supervised accounts to prioritize debt servicing. ECARX Holdings Inc. operates in the automotive technology sector.