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Ecarx Holdings has signed a $45.6m strategic investment agreement with Geely Holding. Geely will invest in Ecarx through a private placement, with the issue price set at $1.67 per share. The investment will support Ecarx's global expansion, R&D hub in Germany, and infrastructure in South America and Southeast Asia. Ecarx plans to use the net proceeds to accelerate the development of its vehicle hardware and software offerings.

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