ECARX completes acquisition of Flyme software business for RMB 1.8 billion

Bitget2026/10/05 11:06

ECARX completed the all-cash purchase of the Flyme software business, bringing Flyme Auto and Flyme OS fully in-house. Deal transferred 100% of Hubei Qiguang Technology, a DreamSmart carve-out holding Flyme IP, R&D teams, and OEM contracts. Total consideration was RMB 1.8 billion, versus an independent valuation of RMB 1.824 billion as of May 31, 2026. Funding comprised about 70% syndicated bank loans with 10-year maturity, with the balance from internal sources. Flyme will run as an independent software division; ECARX plans a RMB 200 million capital injection to support operations. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ECARDX Holdings Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN63431) on October 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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