ECARX Holdings Inc. has announced the completion of private rounds of financing through the issuance of convertible notes. On November 3, 2025, the company entered into a convertible note purchase agreement allowing for the sale of up to US$100 million in convertible notes. An initial investor agreed to purchase US$35 million of these notes, with the transaction closing on November 14, 2025. Subsequently, another existing holder agreed to purchase an additional US$25 million in notes, with that transaction closing on November 26, 2025. The remaining US$40 million in convertible notes is subject to the identification of additional investors.
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