ECARX Holdings Inc 6-K, filed Jan 3, 2023
ECARX Holdings Inc. (ECX)
About this 6-K
ECARX Holdings Inc filed this 6-K on January 3, 2023.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2023
Commission File Number: 001-41576
ECARX Holdings Inc.
(Registrant’s Name)
16/F, Tower 2, China Eastern Airline Binjiang
Center
277 Longlan Road
Xuhui District, Shanghai 200041
People’s Republic of China
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
ECARX sells minority stake in Zenseact, while maintaining strategic collaboration
ECARX Holdings Inc. (“ECARX” or the “Company”) (Nasdaq: ECX), a global mobility tech company, has sold its subsidiary held minority stake of 13.5% in Zenseact, the autonomous driving (AD) software development subsidiary of Volvo Cars, to the Swedish automotive group for a total consideration of USD 115m while maintaining its strategic collaboration with Zenseact after the sale.
The share-sale will allow ECARX to accelerate the development of its core technology, a vertically integrated full-stack computing platform, while working with key partners to integrate the broader technology required to fully realize the benefits of connected and automated vehicles. ECARX retains its agreement with Zenseact to explore collaborations between the companies.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| ECARX Holdings Inc. | |||
| By | /s/ Ziyu Shen | ||
| Name | : | Ziyu Shen | |
| Title | : | Chairman and Chief Executive Officer | |
Date: January 3, 2023