04:28 PM EDT, 10/31/2025 (MT Newswires) -- ECARX ( ECX ) said late Friday it has signed a securities purchase agreement with New York-based investment firm ATW Partners to issue and sell up to $150 million in convertible notes.

The financing is expected to strengthen ECARX's ( ECX ) liquidity and financial position, providing greater flexibility to pursue its global expansion plans, the company said.

Proceeds will be used to support expansion, product innovation, and investments in software-defined vehicle and intelligent cockpit technologies, it added.