On December 21, ECARX Technology Holdings (hereinafter referred to as "ECARX", "ECARX" or the "Company") and COVA Acquisition Corp., (hereinafter referred to as "COVA") announced the previously announced merger transaction It has been successfully completed on December 20, 2022. The merged company will retain the company name of "Yikatong Technology", and its stocks and warrants will begin trading on the Nasdaq Exchange on December 21, 2022, with the stock codes "ECX" and "ECXWW" respectively. . The transaction was approved at COVA's extraordinary general meeting of shareholders on December 14, 2022. Yikatong Technology will ring the Nasdaq opening bell in New York on December 21, 2022, local time, to celebrate the successful listing and the launch of stock trading.
Since its establishment in 2017, Yikatong Technology has continued to cooperate in depth with global automobile manufacturers. Yikatong Technology is committed to turning cars into smart terminals that are always online and connected. The company's vertically integrated technology stack provides car brands with customizable solutions and a comprehensive and upgradable in-vehicle experience. Yikatong Technology recorded revenue of US$415 million in 2021, and its technology has been applied to more than 3.7 million vehicles worldwide, serving 12 OEM brands in Asia and Europe. Looking forward to the future, Yikatong Technology will continue to launch new products globally and cooperate with more partners to empower more cars with technology and services.
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Editor: Zhu Yuxiang