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Stock impact report

ECARX Announces Strategic Partnership with FAW Group to Develop Intelligent Cockpits for Its Premium Hongqi Brand

ECARX Holdings Inc. (ECX) 
Company Research Source: GlobeNewswire
SHANGHAI, China, April 18, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility technology provider, today announced a strategic partnership with China FAW Group Co., Ltd. (“FAW Group”), China’s leading automaker, to develop next-generation intelligent cockpits for the premium Hongqi brand of vehicles. ECARX and FAW will combine their considerable research and development capabilities and technological strengths to build an end-to-end value chain for the development of intelligent cockpits with the goal of setting new industry benchmarks. As part of the strategic partnership, both parties will co-develop and co-design cockpit domain controllers and terminal products within brand ecosystem and offer maintenance for connected-car systems. Ziyu Shen, co-founder, chairman, and CEO of ECARX, said, “With the signing of this cooperation agreement, ECARX and FAW Group are about to embark on a journey that will bring rapid change, technic Show less Read more
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