ECARX Announces Upsizing and Extension of Share Repurchase Program
ECARX Holdings (Nasdaq: ECX), a global mobility tech provider, has announced a significant expansion of its share repurchase program. The company's board of directors has approved an additional US$20 million in share repurchase authorization, effectively doubling the program's total authorization to US$40 million.
The share repurchase program, which was initially adopted on December 20, 2024, has also been extended. The new termination date is set for March 31, 2026, providing the company with an extended timeline to execute its buyback strategy.
ECARX Holdings (Nasdaq: ECX), un fornitore globale di tecnologia per la mobilità, ha annunciato un'importante espansione del suo programma di riacquisto di azioni. Il consiglio di amministrazione dell'azienda ha approvato un ulteriore autorizzazione di 20 milioni di dollari USA per il riacquisto di azioni, raddoppiando effettivamente l'autorizzazione totale del programma a 40 milioni di dollari USA.
Il programma di riacquisto di azioni, inizialmente adottato il 20 dicembre 2024, è stato anche esteso. La nuova data di scadenza è fissata per il 31 marzo 2026, fornendo all'azienda un arco temporale prolungato per attuare la sua strategia di riacquisto.
ECARX Holdings (Nasdaq: ECX), un proveedor global de tecnología de movilidad, ha anunciado una expansión significativa de su programa de recompra de acciones. La junta directiva de la empresa ha aprobado una autorización adicional de 20 millones de dólares estadounidenses para la recompra de acciones, duplicando efectivamente la autorización total del programa a 40 millones de dólares estadounidenses.
El programa de recompra de acciones, que se adoptó inicialmente el 20 de diciembre de 2024, también ha sido extendido. La nueva fecha de finalización está establecida para el 31 de marzo de 2026, brindando a la empresa un plazo ampliado para ejecutar su estrategia de recompra.
ECARX Holdings (Nasdaq: ECX), 글로벌 모빌리티 기술 제공업체,가 자사 주식 매입 프로그램의 대규모 확장을 발표했습니다. 회사 이사회는 추가 2천만 달러의 주식 매입 승인을 승인하여 프로그램의 총 승인을 4천만 달러로 사실상 두 배로 늘렸습니다.
주식 매입 프로그램은 2024년 12월 20일에 처음 채택되었으며, 연장되었습니다. 새로운 종료 날짜는 2026년 3월 31일로 설정되어 있어 회사가 자사 주식 매입 전략을 실행할 수 있는 연장된 기간을 제공합니다.
ECARX Holdings (Nasdaq: ECX), un fournisseur mondial de technologies de mobilité, a annoncé une expansion significative de son programme de rachat d'actions. Le conseil d'administration de l'entreprise a approuvé une autorisation supplémentaire de 20 millions de dollars américains pour le rachat d'actions, doublant ainsi l'autorisation totale du programme à 40 millions de dollars américains.
Le programme de rachat d'actions, qui a été initialement adopté le 20 décembre 2024, a également été prolongé. La nouvelle date de fin est fixée au 31 mars 2026, offrant à l'entreprise un délai prolongé pour exécuter sa stratégie de rachat.
ECARX Holdings (Nasdaq: ECX), ein globaler Anbieter von Mobilitätstechnologie, hat eine erhebliche Erweiterung seines Aktienrückkaufprogramms angekündigt. Der Vorstand des Unternehmens hat eine zusätzliche Genehmigung von 20 Millionen US-Dollar für den Rückkauf von Aktien genehmigt, wodurch die Gesamterlaubnis des Programms auf 40 Millionen US-Dollar verdoppelt wird.
Das Aktienrückkaufprogramm, das ursprünglich am 20. Dezember 2024 angenommen wurde, wurde ebenfalls verlängert. Das neue Enddatum ist auf den 31. März 2026 festgelegt, was dem Unternehmen einen erweiterten Zeitrahmen für die Umsetzung seiner Rückkaufsstrategie bietet.
- Doubled share repurchase authorization to US$40 million, indicating strong commitment to returning value to shareholders
- Extended buyback timeline to March 2026 provides flexibility in execution
- Demonstrates management's confidence in company's financial position and stock value
- Significant cash allocation to buybacks may reduce funds available for operational growth and investments
SHANGHAI, April 08, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (Nasdaq: ECX) (“ECARX” or “the Company”), a global mobility tech provider, today announced that the Company’s board of directors has approved an additional US
About ECARX
ECARX (Nasdaq: ECX) is a global automotive technology provider with capabilities to deliver turnkey solutions for next-generation smart vehicles, from the system on a chip (SoC), to central computing platforms, and software. As automakers develop new electric 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 1,900 employees based in 12 major locations in China, UK, USA, Sweden, and Germany. To date, ECARX products can be found in over 8.1 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 forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law.
Investor Contacts:
Rene Du
ir@ecarxgroup.com
Media Contacts:
ecarx@christensencomms.com
FAQ
How much is ECARX's total share repurchase authorization after the recent increase?
When does ECARX's expanded share repurchase program expire?
What was the original amount of ECARX's share repurchase program announced in December 2024?
How much additional funding did ECARX add to its share repurchase program?
