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China

ECARX secures USD 45.6 million strategic investment from Geely Holding

ECARX (Hubei) Tech Co., Ltd. (ECARX) signed a share subscription agreement with Geely Investment Holding Ltd. (Geely Holding). Through a private placement, Geely Holding will invest approximately USD 45.6 million in the subscription for a total of 27,297,002 newly issued ECARX Class A ordinary shares at a price of US....

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