Ecarx Shares Rise on Expanded Stock Buyback Program

Dow Jones

Apr 08, 2025

By Dean Seal

Shares of Ecarx jumped after the company's board of directors approved an additional $20 million in stock buybacks under the program approved last December.

The stock was up 14% at $1.14 in early trading. Shares were trading at $1.95 this time a year ago and have fallen 46% since the start of 2025.

The provider of mobility-technology services said Tuesday that the approval brings the total repurchase authorization up to $40 million.

The term of the program also has been extended to March 31, 2026.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

April 08, 2025 09:59 ET (13:59 GMT)

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