Geely-backed Ecarx buys 15% of Volvo self-driving unit Zenseact

Volvo announced on Wednesday that it sold a 15% stake in its Zenseact self-driving technology division to Ecarx, a Chinese automotive technology company founded in 2016 by Eric Li, chairman and founder of Volvo parent Geely. Ecarx is primarily focused on in-car technology, particularly connectivity, and only in March it established a joint venture…HWqi2CcF0zo

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