ECARX announced it entered into a definitive agreement to acquire the full Flyme software business portfolio, including Flyme Auto and the cross-device Flyme operating system. The deal is intended to secure mature, production-proven software capabilities and strengthen ECARX’s proprietary software stack and end-to-end operating system capabilities. Flyme Auto OS has already been deployed by ECARX in more than 2 million production vehicles across multiple OEM partners. And Flyme OS is a mature mobile operating system built on more than 15 years of R&D iteration and mass-market deployment experience, with implementations spanning passenger vehicles, smartphones, smart wearables, and other connected devices. The definitive agreement represents a significant expansion of ECARX’s preliminary acquisition plan announced in April 2026. Following due diligence, ECARX determined that a full acquisition would better support its long-term product and strategic objectives. The acquisition will be implemented through the purchase of a 100% equity interest in Hubei Qiguang Technology Co., Ltd., a new entity carved out from DreamSmart Group, from three selling shareholders for RMB1.8 billion, or approximately $266 million. The selling parties include Wuhan Xingji Meizu Technology Co., Ltd., Zhuhai Meizu Technology Co., Ltd., and Hubei Xingji Meizu Group Co., Ltd. The acquired entity is expected to own the full Flyme business portfolio, including Flyme Auto and Flyme OS. The two platforms provide full-stack software infrastructure across multi-screen cabin interaction, mobile IoT-vehicle connectivity, core middleware, UI/UX frameworks, and application development toolkits. Within six months after closing, the acquired entity is expected to house the mission-critical Flyme intellectual property, R&D teams, engineering resources, OEM customer contracts, and supporting operational infrastructure. An independent valuation as of May 31, 2026, determined the acquired entity’s equity value at RMB1.824 billion. ECARX said the target software platform achieved profitability in 2026 on management accounts, driven by revenue from software licensing, custom development,