ECARX Holdings Inc. Class A Ordinary sharesEcarx acquires Flyme software business, including in-vehicle OS, expanding its product portfolio and strategic capabilities.

Ecarx Holdings has signed a definitive agreement to acquire the entire Flyme software business, including the Flyme Auto in-vehicle cockpit operating system and the Flyme cross-device operating system, from DreamSmart Group. The US Nasdaq-listed company will pay CNY 1.8 billion, or USD 265 million, for a 100% stake in the business, which will be carved out from DreamSmart. Flyme Auto OS has already been integrated into more than two million vehicles globally across multiple brands. Ecarx said the full acquisition, which expands on a preliminary agreement signed in April, best serves its long-term product and strategic objectives after completing due diligence.
ECARX Holdings Inc. Class A Ordinary sharesEcarx acquires Flyme software business, including in-vehicle OS, expanding its product portfolio and strategic capabilities.
DreamSmart Group sells Flyme business for CNY 1.8 billion, generating significant cash inflow.