ECARX Completes Acquisition of Flyme Software Business, Securing End-to-End Operating System Capabilities
Key Highlights
- ➤ECARX (ECX) completes acquisition of 100% of Flyme software business.
- ➤Acquisition consideration RMB1.8 billion, approximately US$266 million, paid entirely in cash.
- ➤Flyme Auto is deployed in 3.5 million production vehicles across multiple OEM partners.
- ➤ECARX will inject RMB200 million into the acquired entity following closing.
- ➤Acquisition financing comprises approximately 70% syndicated bank loans and 30% internal sources.
Expert Statements
Ziyu Shen, Founder and CEO of ECARX Holdings Inc.
“The completion of the Flyme acquisition marks an important milestone in our strategy to build a fully integrated hardware and software platform. By bringing Flyme's operating system, user experience, AI capabilities, and ecosystem expertise in-house, we strengthen our ability to deliver tightly optimized solutions that connect our silicon, computing platforms, and intelligent software into a unified offering. Owning the entire technology stack will enhance product differentiation, accelerate innovation, improve development efficiency, and create new revenue opportunities through software licensing, integration services, and connected car ecosystem monetization. Ultimately, Flyme positions ECARX to deliver a more compelling end-to-end experience for automakers while strengthening our long-term competitive advantage.”
ECARX Completes Acquisition of Flyme Software Business, Securing End-to-End Operating System Capabilities PR Newswire
* Completion brings Flyme Auto and Flyme OS fully in-house, aligning ECARX's hardware and software roadmaps across the technology stack * Flyme to operate as an independent software division, preserving R&D continuity and ensuring a seamless transition for existing customers LONDON, Oct. 5, 2026 /PRNewswire/ -- ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the "Company"), a leading global automotive intelligence business, today announced the completion of its acquisition of the entire Flyme software business portfolio, first announced on June 22, 2026. Through the transaction, ECARX acquired 100% of the equity interest in Hubei Qiguang Technology Co., Ltd. (the "Acquired Entity"), a new entity carved out from DreamSmart Group to hold the Flyme business, comprising Flyme Auto, an in-vehicle cockpit operating system, and Flyme OS, a cross-device operating system.
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