ECARX Holdings Inc. entered into a share exchange agreement with Qualcomm Ventures LLC on July 7, 2026. Qualcomm will acquire 10,329,562 Class A ordinary shares at a price based on the 20-day volume weighted average price on Nasdaq preceding the signing date. This transaction facilitates the company's plan to acquire a minority interest and intellectual property rights from DreamSmart, with Qualcomm providing its equity interest in DreamSmart as consideration. The deal is expected to close in August 2026 and includes a six-month lock-up period for the acquired shares. ECARX Holdings Inc. is a technology company focused on automotive software and hardware solutions.