04:46 PM EDT, 03/31/2025 (MT Newswires) -- ECARX ( ECX ) completed an offering of 25 million Class A shares at $1.80 apiece.

Underwriters have a 30-day option to buy up to an additional 3.75 million shares, the company said Monday in a statement.

Net proceeds will be for research and development projects, setting up overseas supply chain networks, and general corporate purposes.