AcquisitionsJun 22, 2026, 06:12 AM

ECARX Acquires Flyme Software Business for RMB1.8B

AI Summary

ECARX Holdings Inc. has entered into a definitive agreement to acquire the entire Flyme software business portfolio, including Flyme Auto and Flyme OS, for RMB1.8 billion (approximately USD266 million). This strategic acquisition aims to secure a mature, production-proven software stack, strengthening ECARX's proprietary software and end-to-end OS capabilities. The deal, which expands on a preliminary plan, will be funded by 70% bank loans and 30% internal sources, with ECARX also committing a RMB200 million capital injection to support operations.

Key Highlights

ECARX to acquire the entire Flyme software business portfolio.
Total transaction consideration is RMB1.8 billion (approx. USD266 million).
Acquisition includes Flyme Auto (in-vehicle OS) and cross-device Flyme OS.
Flyme Auto OS is already deployed in over 2 million vehicles by ECARX.
The acquired entity achieved profitability in 2026 on management accounts.
Funding mix: 70% syndicated bank loans, 30% internal sources.
ECARX will provide a RMB200 million capital injection post-closing.

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ECX

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ECARX Holdings Inc.

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