Ecarx Plans to Buy Minority Stake in DreamSmart Technology
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Ecarx Holdings (ECX) announced its board's approval of a preliminary plan to acquire a minority stake and certain intellectual property assets from DreamSmart Technology, specifically related to the FlyMe OS. The acquisition is in an early exploratory stage and subject to ongoing due diligence. Following the announcement, Ecarx shares rose by 5% in premarket trading.
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