ECARX Holdings Soars 12.7% on Share Offering

ECARX Holdings' stock surged 12.7% in pre-market trading on April 1, 2025, marking a significant rise for the company.

ECARX Holdings Inc. recently completed a substantial offering of 25 million Class A shares, priced at $1.80 per share. This move is part of the company's strategy to advance its global mobility technology initiatives. The underwriters have been granted a 30-day option to purchase an additional 3.75 million shares, further bolstering the company's financial position.

This successful share offering is expected to provide ECARX with the necessary capital to expand its operations and invest in new technologies, potentially driving future growth and innovation in the automotive computing sector.