{"id":834869,"date":"2025-04-08T07:05:23","date_gmt":"2025-04-08T11:05:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ecarx-announces-upsizing-and-extension-of-share-repurchase-program\/"},"modified":"2025-04-08T07:05:23","modified_gmt":"2025-04-08T11:05:23","slug":"ecarx-announces-upsizing-and-extension-of-share-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ecarx-announces-upsizing-and-extension-of-share-repurchase-program\/","title":{"rendered":"ECARX Announces Upsizing and Extension of Share Repurchase Program"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SHANGHAI, April  08, 2025  (GLOBE NEWSWIRE) &#8212; ECARX Holdings, Inc. (Nasdaq: ECX) (\u201cECARX\u201d or \u201cthe Company\u201d), a global mobility tech provider, today announced that the Company\u2019s board of directors has approved an additional US$20 million in share repurchase authorization under the share repurchase program adopted on December 20, 2024 as well as an extension to its term. This approval brings the total repurchase authorization under the program to\u00a0$40 million and its term is now extended to March 31, 2026.<\/p>\n<p>\n        <strong>About ECARX<\/strong>\n      <\/p>\n<p>ECARX (Nasdaq: ECX) is a global automotive technology provider with capabilities to deliver turnkey solutions for next-generation smart vehicles, from the system on a chip (SoC), to central computing platforms, and software. As automakers develop new electric vehicle architectures from the ground up, ECARX is developing full-stack solutions to enhance the user experience, while reducing complexity and cost.<\/p>\n<p>Founded in 2017 and listed on the Nasdaq in 2022, ECARX now has over 1,900 employees based in 12 major locations in China, UK, USA, Sweden, and Germany. To date, ECARX products can be found in over 8.1 million vehicles worldwide.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This release contains statements that are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management\u2019s beliefs and expectations as well as on assumptions made by and data currently available to management, appear in a number of places throughout this document and include statements regarding, amongst other things, results of operations, financial condition, liquidity, prospects, growth, strategies, and the industry in which we operate. The use of words \u201cexpects,\u201d \u201cintends,\u201d \u201canticipates,\u201d \u201cestimates,\u201d \u201cpredicts,\u201d \u201cbelieves,\u201d \u201cshould,\u201d \u201cpotential,\u201d \u201cmay,\u201d \u201cpreliminary,\u201d \u201cforecast,\u201d \u201cobjective,\u201d \u201cplan,\u201d or \u201ctarget,\u201d and other similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties that could cause actual results to differ materially, including, but not limited to, statements regarding our intentions, beliefs, or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, and the markets in which we operate.<\/p>\n<p>For a discussion of these and other risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statement, see ECARX\u2019s filings with the U.S. Securities and Exchange Commission. ECARX undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law.<\/p>\n<p>\n        <strong>Investor Contacts:<\/strong><br \/>\n        <br \/> Rene Du<br \/> ir@ecarxgroup.com<\/p>\n<p>\n        <strong>Media Contacts:<\/strong><br \/>\n        <br \/> ecarx@christensencomms.com<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMTA3ODk4OCM0MDIxMDkxMDIjMjI1NjcxNQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml-eu.globenewswire.com\/media\/NTVhNzA0NzAtMGQ5ZS00NDM0LTljNWMtNDA3MmY4OGZjZGRkLTEyNjgyNjQtMjAyNS0wNC0wOC1lbg==\/tiny\/ECARX-LIMITED.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SHANGHAI, April 08, 2025 (GLOBE NEWSWIRE) &#8212; ECARX Holdings, Inc. (Nasdaq: ECX) (\u201cECARX\u201d or \u201cthe Company\u201d), a global mobility tech provider, today announced that the Company\u2019s board of directors has approved an additional US$20 million in share repurchase authorization under the share repurchase program adopted on December 20, 2024 as well as an extension to its term. This approval brings the total repurchase authorization under the program to\u00a0$40 million and its term is now extended to March 31, 2026. About ECARX ECARX (Nasdaq: ECX) is a global automotive technology provider with capabilities to deliver turnkey solutions for next-generation smart vehicles, from the system on a chip (SoC), to central computing platforms, and software. As automakers develop new electric vehicle architectures &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ecarx-announces-upsizing-and-extension-of-share-repurchase-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ECARX Announces Upsizing and Extension of Share Repurchase Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-834869","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ECARX Announces Upsizing and Extension of Share Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ecarx-announces-upsizing-and-extension-of-share-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECARX Announces Upsizing and Extension of Share Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SHANGHAI, April 08, 2025 (GLOBE NEWSWIRE) &#8212; ECARX Holdings, Inc. (Nasdaq: ECX) (\u201cECARX\u201d or \u201cthe Company\u201d), a global mobility tech provider, today announced that the Company\u2019s board of directors has approved an additional US$20 million in share repurchase authorization under the share repurchase program adopted on December 20, 2024 as well as an extension to its term. This approval brings the total repurchase authorization under the program to\u00a0$40 million and its term is now extended to March 31, 2026. About ECARX ECARX (Nasdaq: ECX) is a global automotive technology provider with capabilities to deliver turnkey solutions for next-generation smart vehicles, from the system on a chip (SoC), to central computing platforms, and software. 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