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ECX vs UCAR

ECARX Holdings Inc. Class A Ordinary shares and U Power Limited Class A Ordinary Shares

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ECARX Holdings Inc. Class A Ordinary shares

ECARX Holdings Inc. develops full-stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology of smart mobility in China and internationally. The company offers system on a chip, central computing platforms, operating systems, and software. Its core products include infotainment head units, autonomous driving control units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack. It has entered into a strategic partnership agreement with Black Sesame Technologies. ECARX Holdings Inc. was founded in 2017 and is based in Shanghai, the People's Republic of China.

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U Power Limited Class A Ordinary Shares

U Power Limited, together with its subsidiaries, develops, manufactures, and sells new energy vehicles and battery swapping stations in the People's Republic of China, Thailand, Southeast Asia, South America, Hong Kong SAR, and Macau SAR markets. It also offers battery swapping and sourcing, as well as technical and consultation services. The company was founded in 2013 and is based in Wuhu, the People's Republic of China.

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