ECARX sells minority stake in HaleyTek to Volvo Cars, will continue to collaborate seamlessly with Volvo Cars and HaleyTek on developing automotive software

August 1, 2024

https://www.globenewswire.com/news-release/2024/08/01/2922545/0/en/ECARX-sells-minority-stake-in-HaleyTek-to-Volvo-Cars-will-continue-to-collaborate-seamlessly-with-Volvo-Cars-and-HaleyTek-on-developing-automotive-software.html

LONDON, Aug. 01, 2024 (GLOBE NEWSWIRE) — ECARX Holdings Inc. (“ECARX” or “the Company”), a global mobility technology company, announced today that it has sold its minority stake of 40% in HaleyTek AB (“HaleyTek”), a joint venture between Volvo Car Corporation (“Volvo Cars”) and ECARX created to develop software for Android-powered infotainment systems, to Volvo Cars.

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