ECARX Holdings Inc. Seeks to Raise Capital with Public Offering of Class A Ordinary Shares

ECARX Holdings Inc. Announces Proposed Offering of $25,000,000 Class A Ordinary Shares

Hong Kong, March 27, 2025 – ECARX Holdings Inc. ("ECARX" or the "Company"), a leading technology company that develops and commercializes advanced autonomous driving technologies, today announced that it plans to offer 25,000,000 Class A ordinary shares in an underwritten public offering.

The proposed offering is expected to raise approximately $25,000,000, which will be used to further accelerate the Company's development of its autonomous driving technologies, expand its sales and marketing efforts, and strengthen its financial position.

The offering is subject to market and other conditions, and there can be no assurance that the offering will be completed.

The Class A ordinary shares are expected to be listed on the Nasdaq Capital Market under the ticker symbol "ECARX" upon the closing of the offering.

Morgan Stanley & Co. LLC is acting as the sole bookrunner and representative of the underwriters for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and is effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About ECARX Holdings Inc.

ECARX Holdings Inc. is a technology company that develops and commercializes advanced autonomous driving technologies. The Company is committed to making autonomous driving a reality and improving road safety through the development of its proprietary autonomous driving technologies. For more information, please visit the Company's website at www.ecarx.com.