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ECARX Announces Board Change

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ECARX Holdings Inc. (Nasdaq: ECX), a global mobility tech provider, has announced a change in its board of directors. Mr. Tao Li has been appointed as a new director, effective July 29, 2024, replacing Mr. Tan Su, who resigned due to personal reasons. Mr. Li brings significant experience from his tenure at Baidu, where he led R&D efficiency and enterprise IT platform initiatives, focusing on AI technology applications. Since 2024, he has been serving as the general manager of Baidu's Apollo intelligent cockpit business. Mr. Li holds bachelor's and master's degrees from Harbin Engineering University.

ECARX Holdings Inc. (Nasdaq: ECX), un fornitore globale di tecnologia per la mobilità, ha annunciato un cambiamento nel suo consiglio di amministrazione. Il signor Tao Li è stato nominato nuovo direttore, a partire dal 29 luglio 2024, in sostituzione del signor Tan Su, che si è dimesso per motivi personali. Il signor Li porta con sé una significativa esperienza derivante dal suo lavoro presso Baidu, dove ha guidato iniziative per l'efficienza della R&D e della piattaforma IT aziendale, concentrandosi sulle applicazioni della tecnologia AI. Dal 2024, è direttore generale del business del cockpit intelligente Apollo di Baidu. Il signor Li ha conseguito laurea e master presso l'Università di ingegneria di Harbin.

ECARX Holdings Inc. (Nasdaq: ECX), un proveedor global de tecnología de movilidad, ha anunciado un cambio en su junta directiva. El Sr. Tao Li ha sido nombrado nuevo director, efectivo a partir del 29 de julio de 2024, reemplazando al Sr. Tan Su, quien renunció por razones personales. El Sr. Li aporta una experiencia significativa de su tiempo en Baidu, donde lideró iniciativas de eficiencia en I&D y plataformas de TI empresarial, enfocándose en aplicaciones de tecnología de IA. Desde 2024, ha estado desempeñándose como gerente general del negocio de cockpit inteligente Apollo de Baidu. El Sr. Li posee títulos de licenciatura y maestría de la Universidad de Ingeniería de Harbin.

ECARX Holdings Inc. (Nasdaq: ECX), 글로벌 모빌리티 기술 제공업체, 이사회를 변경한다고 발표했습니다. 타오 리(Tao Li) 씨가 새로운 이사로 임명되어 2024년 7월 29일부터 효력을 발생하며, 개인적인 사유로 사임한 탄 수(Tan Su) 씨를 대체합니다. 리 씨는 바이두(Baidu)에서의 경력을 통해 상당한 경험을 쌓았으며, R&D 효율성과 기업 IT 플랫폼 이니셔티브를 이끌며 AI 기술 응용에 집중했습니다. 2024년부터 그는 바이두의 아폴로 스마트 콕핏 사업의 총괄 관리자로 재직하고 있습니다. 리 씨는 하얼빈 공대(Harbin Engineering University)에서 학사 및 석사 학위를 취득했습니다.

ECARX Holdings Inc. (Nasdaq: ECX), un fournisseur mondial de technologie de mobilité, a annoncé un changement dans son conseil d'administration. M. Tao Li a été nommé nouveau directeur, effectif à partir du 29 juillet 2024, remplaçant M. Tan Su, qui a démissionné pour des raisons personnelles. M. Li apporte une expérience significative de son passage chez Baidu, où il a dirigé des initiatives d'efficacité R&D et de plate-forme informatique d'entreprise, en se concentrant sur les applications de la technologie IA. Depuis 2024, il est directeur général de l'activité cockpit intelligent Apollo de Baidu. M. Li est titulaire d'un diplôme de licence et d'un master de l'Université d'ingénierie de Harbin.

ECARX Holdings Inc. (Nasdaq: ECX), ein globaler Anbieter von Mobilitätstechnologie, hat eine Änderung in seinem Vorstand angekündigt. Herr Tao Li wurde zum neuen Direktor ernannt, wirksam ab dem 29. Juli 2024, und ersetzt Herrn Tan Su, der aus persönlichen Gründen zurückgetreten ist. Herr Li bringt umfangreiche Erfahrungen aus seiner Zeit bei Baidu mit, wo er die Effizienz in der F&E und Unternehmens-IT-Plattform-Initiativen leitete und sich auf Anwendungen der KI-Technologie konzentrierte. Seit 2024 ist er Geschäftsführer des intelligenten Cockpit-Geschäfts von Baidu. Herr Li hat einen Bachelor- und Masterabschluss von der Harbin Engineering University.

Positive
  • Appointment of experienced director with AI and automotive technology background
  • New director brings expertise from Baidu's Apollo intelligent cockpit business
Negative
  • None.

SHANGHAI, July 29, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced the appointment of Mr. Tao Li as a director of the Company, effective on July 29, 2024, to replace Mr. Tan Su, who has tendered his resignation as a director of the Company effective on the same day due to personal reasons.

Mr. Li joined Baidu in 2012 and was in charge of the R&D efficiency of the group and its enterprise IT platform, advancing the application of AI technologies in these fields. Mr. Li has substantial managerial experience. Starting from 2024, Mr. Li has served as general manager of Baidu ‘s Apollo intelligent cockpit business to oversee the management of this business units. Mr. Li received his bachelor's degree and master's degrees from Harbin Engineering University.

About ECARX

ECARX (Nasdaq: ECX) is a global automotive technology provider with the capabilities to deliver turnkey solutions for next-generation smart vehicles, from the system on a chip (SoC), to computing platforms and software. As automakers develop new vehicle architectures from the ground up, ECARX is developing full-stack solutions to enhance the user experience, while reducing complexity and cost.

Founded in 2017 and listed on the Nasdaq in 2022, ECARX now has over 2,000 employees based in 12 major locations in China, UK, USA, Sweden, Germany, and Malaysia. The co-founders are two automotive entrepreneurs, Chairman and CEO Ziyu Shen, and Eric Li (Li Shufu), who is also the founder and chairman of Zhejiang Geely Holding Group — with ownership interests in global brands including Lotus, Lynk & Co, Polestar, Smart, and Volvo Cars. ECARX also works with other well-known automakers, including FAW and Dongfeng Peugeot-Citroën. To date, ECARX products can be found in over 6.4 million vehicles worldwide.

Forward-Looking Statements

This release contains statements that are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s beliefs and expectations as well as on assumptions made by and data currently available to management, appear in a number of places throughout this document and include statements regarding, amongst other things, results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate. The use of words “expects”, “intends”, “anticipates”, “estimates”, “predicts”, “believes”, “should”, “potential”, “may”, “preliminary”, “forecast”, “objective”, “plan”, or “target”, and other similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties that could cause actual results to differ materially, including, but not limited to statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, and the markets in which we operate.

For a discussion of these and other risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statement, see ECARX’s filings with the U.S. Securities and Exchange Commission. ECARX undertakes no obligation to update or revise and forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law.

Investor Contacts:
ir@ecarxgroup.com

Media Contacts:
ecarx@christensencomms.com

SOURCE: ECARX Holdings, Inc.


FAQ

Who is the new director appointed to ECARX's board?

Mr. Tao Li has been appointed as a new director of ECARX Holdings Inc. (Nasdaq: ECX), effective July 29, 2024.

What is Tao Li's background before joining ECARX's board?

Tao Li joined Baidu in 2012, leading R&D efficiency and enterprise IT platform initiatives. Since 2024, he has been serving as the general manager of Baidu's Apollo intelligent cockpit business.

Why did Tan Su resign from ECARX's board?

Mr. Tan Su resigned from ECARX's board due to personal reasons, effective July 29, 2024.

What is ECARX's stock symbol on Nasdaq?

ECARX Holdings Inc. trades on Nasdaq under the stock symbol ECX.

ECARX Holdings Inc.

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