Today, we are thrilled to announce ECARX is planning to go public in the U.S. through a proposed merger with COVA Acquisition Corp. (COVA). We expect to begin trading on Nasdaq under the ticker “ECX” when the transaction closes, which we anticipate will occur in the fourth quarter of 2022.

ECARX, a global leader in the design, development and delivery of intelligent vehicle technology, is poised to seize the growth opportunity presented by the rapid transition of the auto industry to fully connected and autonomous electrified vehicles. Proceeds from the transaction will be used to accelerate technology development and the rollout of new products, support strategic acquisitions or investments, as well as create further pathways for global growth and strengthen our presence in Europe through our international operations office in London and product development center in Gothenburg, Sweden. Read more