Car tech firm ECARX to go public in China's largest US listing since DiDi

Car tech firm ECARX to go public in China's largest US listing since DiDi

• By Staff Writer

Chinese auto tech startup ECARX, backed by billionaire Li Shufu, on Thursday said it will go public through a merger with blank-check company COVA Acquisition Corp in a deal that values it at $3.82 billion. As per Bloomberg, this will be the largest Chinese listing in the US since DiDi Global Inc. ECARX develops software and hardware systems for cars.