ECARX Partners with Lianyou Zhilian to Accelerate Development of Smart Vehicle Solutions

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SHANGHAI, China, March 28, 2024 (GLOBE NEWSWIRE) — ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility generation provider, announced a strategic partnership with Lianyou Zhilian Technology Co. . , Ltd. (“Lianyou Zhilian”).

Lianyou Zhilian is an innovator and leader in the field of automotive technology, specializing in the study and progression of connected smart vehicles, in-vehicle smart terminals, intelligent driving technologies, and automotive engineering.

The strategic partnership will seamlessly integrate the companies’ respective technology strengths, supply chain ecosystems, and progression studies and functions to jointly expand cutting-edge smart cockpits and intelligent driving responses for a broader diversity of automakers and brands. These answers will allow automakers to offer safer products. Smarter, funnier and more effective reporting for drivers around the world.

ECARX has formed strategic alliances with generation industry leaders such as AMD, Qualcomm, Microsoft, and Mobileye, to drive the industry’s virtual transformation. Recently, several strategic partners, including Lianyou Zhilian, were welcomed at the ECARX Tech Day, where ECARX presented several innovative projects. automotive intelligence responses and ecosystem advancements, and also announced plans to identify global production facilities.

Ziyu Shen, co-founder, chairman and CEO of ECARX, said, “This strategic partnership marks the next step in ECARX’s strategy to reshape the global automotive generation price chain. Our partnership with Lianyou Zhilian is a testament to our shared vision for long-term mobility career. By combining Lianyou Zhilian’s broad visitor base and showcased mass production features with our global success and technical features, this partnership will enable us to reach a wider diversity of automakers and brands through the delivery of exclusive vehicle experiences, while driving the progression of the global automotive sector. ” industry. “

Junhong Wen, CEO of Lianyou, added, “The partnership with ECARX marks a vital milestone. By combining our technological expertise and innovation capabilities, we will magnify the synergies created for OEMs and automotive brands with next-generation cockpits and intelligent driving solutions.

About ECARX

ECARX (Nasdaq: ECX) is a global automotive generation provider capable of delivering turnkey answers for next-generation smart vehicles, from system-on-chip (SoC) to software and core computing platforms. As automakers expand new EV architectures, ECARX is coming. End-to-end answers to the user experience, while reducing complexity and costs.

Founded in 2017 and indexed on Nasdaq in 2022, ECARX now has more than 2,000 employees at 11 major locations in China, the United Kingdom, the United States, Sweden, Germany and Malaysia. The co-founders are two automotive entrepreneurs, president and CEO. Ziyu Shen and Eric Li (Li Shufu), who is also the founder and chairman of Zhejiang Geely Holding Group, with stakes in global brands such as Lotus, Lynk

Forward-Looking Statements

This press release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on control ideals and expectations, as well as assumptions made through control and existing knowledge. in various parts of this document and contain statements relating to, among other things, the effects of operations, monetary condition, liquidity, prospects, growth, methods and the industry in which we operate. The use of the words “expects”, “intends”, “anticipates”, “estimates”, “predicts”, “believes”, “should”, “potential”, “may”, “preliminary”, “forecast”, ” aim”. “, “plan” or “target” and other similar expressions are intended to identify forward-looking statements. These forward-looking statements are not promises of long-term performance and are subject to a number of dangers and uncertainties that may simply cause actual effects to differ. materially, including, but not limited to, statements relating to our intentions Arrangement of our existing ideals or expectations relating to, among other things Arrangement of effects of operations, monetary condition, liquidity, prospects, growth, methods, long-term market. economic situations or functionality and advances in the capital and credit markets and expected long-term monetary functionality, as well as the markets in which we operate.

For a discussion of those and other dangers and uncertainties that may cause actual effects to differ materially from those expressed in any forward-looking statements, please refer to ECARX’s filings with the U. S. Securities and Exchange Commission. U. S. ECARX assumes no legal responsibility to update or revise any forward-looking statements to reflect upcoming occasions or circumstances, as required by applicable law.

Investor Contacts: ir@ecarxgroup. com

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