Published 2 years ago

Car tech firm ECARX to go public in $3.8 bln blank-check deal

Summary by Ground News

ECARX Holdings Inc said on Thursday it would go public through a merger with a blank-check firm in a deal that values the automobile technology company at $3.82 billion. The deal with COVA Acquisition Corp (COVA.O) includes a $45 million investment from mobility tech company Geely Holding Group.

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Reuters

Car tech firm ECARX to go public in $3.8 bln blank-check deal

ECARX Holdings Inc said on Thursday it would go public through a merger with a blank-check firm in a deal that values the automobile technology company at $3.82 billion. The deal with COVA Acquisition Corp includes a $45 million investment from mobility tech company Geely Holding Group, lidar sensor maker Luminar Technologies Inc and automotive company Lotus Technology. It is also

2 years ago·United Kingdom

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Financial Post

Car tech firm ECARX to go public in $3.8 bln blank-check deal

ECARX Holdings, a Chinese auto tech startup backed by Geely Holding Group's chairman, on Thursday said it would go public through a merger with a blank-check firm in a deal that values it at $3.82 billion. Read More

2 years ago·Canada

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Automotive News

Automotive technology firm ECARX to go public in $3.8 billion blank-check deal

The deal includes a $45 million investment from mobility tech company Geely Holding Group, lidar sensor maker Luminar Technologies and automotive company Lotus Technology.

2 years ago·United States

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