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Investing.com -- Ecarx Holdings Inc (NASDAQ:ECX) stock rose 7.2% after the global mobility technology provider announced a strategic partnership with Samsung (KS:005930) Group to accelerate commercialization of automotive intelligence technologies.
The partnership will integrate Samsung’s technological portfolio, including next-generation displays, high-speed memory, and flash storage solutions, into Ecarx’s product matrix. The collaboration aims to develop intelligent solutions for vehicles, smartphones, wearables, robots, and other connected terminals.
Ecarx and Samsung plan to focus on creating new growth drivers and diversifying applications beyond Ecarx’s core automotive intelligence segment. The companies have already achieved success through their existing partnership, having integrated Samsung’s display products in multiple intelligent cockpit systems deployed for Ecarx’s automotive customers.
The companies previously pioneered the industry’s first integration of automotive-grade LPDDR5 memory in Ecarx’s Antora computing platform and Skyland intelligent driving solution, which has been deployed in multiple vehicles globally.
Ziyu Shen, Chairman and CEO of Ecarx, described the deepened cooperation as "an important milestone" in the company’s global strategy that provides opportunities to create new growth drivers. The partnership is expected to help Ecarx expand its product offerings while capitalizing on opportunities in the robotics and AI applications markets.
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