Ecarx Technology Completes $65 Million Convertible Note Financing

Ecarx Technology recently reached an agreement with SPDB International and CITIC Bank Investment to successfully raise $65 million in convertible note financing. This round of financing will support the company's merger and listing plan with COVA Acquisition Corp. and meet the cash requirement of at least $100 million. Ecarx Technology focuses on automotive intelligence and provides technology for 3.7 million vehicles.