That’s a big deal, ECARX completes $266M acquisition of Flyme software business
Landon Capital News
ECARX Holdings Inc. (Nasdaq: ECX) announced the completion of its acquisition of the Flyme software business portfolio on Oct. 5, 2026, following an initial announcement on June 22, 2026.
The transaction involved acquiring 100% of the equity interest in Hubei Qiguang Technology Co., Ltd., a entity carved out from DreamSmart Group to hold the Flyme business. The portfolio includes Flyme Auto, an in-vehicle cockpit operating system, and Flyme OS, a cross-device operating system.
The total consideration paid was RMB1.8 billion (approximately $266 million), compared with an independent valuation of RMB1.824 billion as of May 31, 2026. The deal was structured as an all-cash transaction, with approximately 70% financed through syndicated bank loans from Chinese commercial banks at a 10-year maturity, and approximately 30% from internal sources. ECARX also plans to provide the acquired entity with a RMB200 million capital injection following the closing.
Flyme Auto is currently deployed in 3.5 million production vehicles across multiple OEM partners. Flyme OS has been developed over more than 15 years and is deployed across vehicles, smartphones, and smart wearables. ECARX said existing Flyme OS operators will continue to receive updates and retain ownership of user data.
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