ECD Automotive shares surge 11.82% after-hours after announcing U.S. partnership with Chelsea Truck Company to expand luxury vehicle offerings.

ECD Automotive Design (NASDAQ: ECDA) surged 11.82% in after-hours trading following the announcement of a U.S. distribution alliance with Chelsea Truck Company to co-create customized Land Rover Defender L663 and INEOS Grenadier vehicles under the joint brand ECD × CTC. The partnership leverages CTC’s British design expertise with ECD’s craftsmanship and production capabilities, expanding ECD’s total addressable market into new luxury vehicle enhancements while optimizing factory utilization and cash generation. The collaboration, which enables faster delivery of bespoke builds and taps into the growing U.S. demand for high-end 4x4s (100,000+ Defenders and 12,000+ Grenadiers sold since 2020), underscores ECD’s strategic expansion into capital-efficient market segments. CEO Scott Wallace highlighted the alignment with ECD’s core strengths, reinforcing investor confidence in the company’s growth trajectory.