ECARX Holdings Inc. Upsizes 2025 Convertible Senior Notes to $130 Million

ECARX Holdings Inc. announced an amendment to upsize its 2025 Convertible Notes from $100 million to $130 million. This upsizing was accompanied by a further subscription of $15 million by an existing investor and the transfer of a $15 million note to a new investor. The initial 2025 Notes were issued in November 2025 as part of a refinancing. The conversion price is set at $2.62 per share, with the notes due in 2028. The company stated that this move demonstrates strong capital market confidence in its technology and growth strategy, with the additional capital intended for R&D, scaling its automotive intelligence platform, strengthening its balance sheet, and creating shareholder value. ECARX, a global automotive intelligence company, provides solutions for next-generation vehicles, with its technology deployed in over 11 million vehicles worldwide.