Ecarx and smart form joint venture to drive development of intelligent automotive products

Shanghai, china, dec. 28, 2023 (globe newswire) -- ecarx holdings inc. (nasdaq: ecx) ("ecarx"), a global mobility technology provider, today announced that pursuant to a shareholders' agreement dated november 16, 2023, a joint venture has been established between ecarx and smart, the new-premium intelligent all-electric auto brand, through their respective subsidiaries. the joint venture, smart (zhejiang) software technology co., ltd. (“smart software technology”), aims to drive the development of industry-leading intelligent experiences within smart vehicles. through this new partnership, ecarx and smart will work together to drive technological advances, expand the research and development ecosystem through talent exchanges and joint innovation, and accelerate their global expansion efforts.
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