ECARX Holdings has agreed to buy the entire Flyme software business from DreamSmart Group for 1.8 billion yuan, or about $266 million in cash. The acquisition includes Flyme Auto OS, already deployed in over 2 million ECARX production vehicles across multiple automakers, and Flyme OS, a mobile operating system used in vehicles, smartphones, and wearables. ECARX plans to fund the deal with roughly 70% bank loans from Chinese lenders with a 10-year maturity and 30% from internal sources, paying 30% of the consideration within 30 days of signing and the remainder within 30 days after the equity transfer closes. The company will also inject 200 million yuan of working capital into the acquired entity post-closing. Flyme will operate as an independent software division under ECARX, preserving R&D teams, customer contracts, and ongoing updates for existing Flyme OS users. ECARX shares rose 3.77% in pre-market trading on the Nasdaq.
ECARX Holdings Inc. Class A Ordinary sharesECARX acquires Flyme software business for $266M, funded by loans and internal cash, with shares rising 3.77% pre-market.