Ecarx, a Chinese smart car technology company backed by Zhejiang Geely Holding Group, is reportedly in discussions to go public in the U.S. via a SPAC merger, Bloomberg reports.
Ecarx is said to be working with an adviser to explore a deal that could value the combined entity at about $4 billion. The company is weighing reaching out to regulators in China for approval for a SPAC merger in order to satisfy new requirements unveiled in December. Read more.
