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ECARX Enters Definitive Agreement to Acquire Full Flyme Software Business, Securing End-to-End OS Capabilities

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Full acquisition of Flyme Auto and Flyme OS secures a mature, production-proven software stack, strengthening proprietary software stack and end-to-end OS capabilities.Flyme Auto OS already deployed by ECARX in over two million vehicles to date.

LONDON, June 22, 2026 /PRNewswire/ — ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX”), a leading global supplier of intelligent automotive computing and software solutions, today announced it has entered into a definitive agreement to acquire the entire Flyme software business portfolio, comprising Flyme Auto, an in-vehicle cockpit operating system, and a cross-device Flyme operating system.

Flyme Auto OS is already deployed by ECARX in over 2 million production vehicles across multiple OEM partners. Flyme OS is a mature mobile operating system built on more than 15 years of continuous R&D iteration and mass-market deployment experience. The platform has proven scalable commercial traction and mature industrialization capacity, with implementations spanning a broad ecosystem of devices including passenger vehicles, smartphones and smart wearables.

This definitive agreement represents a significant expansion of the preliminary acquisition plan announced in April 2026. Following completion of due diligence, ECARX decided that a full acquisition best serves its long-term product and strategic objectives

This will be implemented by acquiring 100% of the equity interest in a new entity carved out from DreamSmart Group, Hubei Qiguang Technology Co., Ltd. (the “Acquired Entity”), from its three selling shareholders, for an aggregate total transaction consideration of RMB1.8 billion (approximately USD266 million)

The acqusition will be structured as a clean carve-out from DreamSmart Group (DreamSmart), the Acquired Entity is expected to obtain ownership of the entire Flyme business portfolio, comprising Flyme Auto and Flyme OS. The two software platforms deliver end-to-end full-stack software infrastructure spanning multi-screen cabin interaction, seamless mobile-IoT-vehicle connectivity, core middleware, UI/UX frameworks and comprehensive application development toolkits. Within six months after the closing date of the deal, the Acquired Entity will house all mission-critical Flyme intellectual property, R&D teams, engineering resources, OEM customer contracts and supporting operational infrastructure, free of legacy liabilities.

The selling parties comprise Wuhan Xingji Meizu Technology Co., Ltd., Zhuhai Meizu Technology Co., Ltd., and Hubei Xingji Meizu Group Co., Ltd.

An independent valuation as of May 31, 2026 determined the Acquired Entity’s equity value at RMB1.824 billion, with the transaction consideration comprising RMB1.8 billion (approximately USD266 million) for full equity purchase. The target software platform has achieved profitability in 2026 on management accounts, underpinned by rising revenue from software licensing, custom development and intelligent cockpit system deliveries.

The global in-car intelligence market represents a massive, fast-growing total addressable market, as automakers migrate from simple smartphone mirroring solutions toward embedded native operating systems that offer deeper hardware integration and AI capabilities. The Flyme full-stack OS positions ECARX to capture a significantly larger share of this long-term growth opportunity by offering a proprietary, end-to-end software architecture.

The transaction is expected to be funded via a balanced mix of approximately 70% syndicated bank loans from Chinese commercial banks on market terms and with a 10-year maturity; and approximately 30% from internal sources including offset of certain existing loans to DreamSmart. Payment will follow a two-phase schedule: 30% of the consideration due within 30 days after signing, with the remaining 70% payable within 30 days after completion of equity transfer. After closing ECARX will support the Acquired Entity with a RMB200 million capital injection to support operations. Closing remains subject to standard preconditions, including satisfactory financial, legal and technical due diligence, full IP transfer, core talent retention and no material adverse change events.

Ziyu Shen, Founder and CEO of ECARX Holdings Inc commented: 
“Securing the rights to the full Flyme software stack is a defining moment for ECARX’s software-defined vehicle vision. This acquisition aligns our hardware and software roadmaps, and delivers a proprietary end-to-end operating system to sharpen our competitive positioning with global OEMs. Flyme’s proven cross-device ecosystem and proven mass-production footprint will unlock substantial sustainable new revenue streams through software licensing, integration services and connected car ecosystem monetization.”

Upon completion, ECARX will operate Flyme as an independent software division, preserving R&D continuity and ensuring seamless transition for existing customers. Existing operators of Flyme OS will continue to receive updates for the foreseeable future, with user data remaining in each individual operator’s ownership. ECARX and the Flyme team will jointly advance integrated vehicle-to-mobile intelligent experiences while scaling cockpit software licensing to global automotive partners.

About ECARX Holdings 
ECARX (Nasdaq: ECX), headquartered in London, is a leading global automotive intelligence company. ECARX provides the intelligent brain that powers the next generation of software-defined and AI defined vehicles. The company delivers end-to-end, full-stack solutions spanning advanced system-on-chip hardware, high-performance central computing platforms, intelligent cockpit technology, Advanced Driver Assistance Systems, cloud connectivity and physical AI, alongside bespoke vehicle software and intelligent operating systems. As automakers transition to software-first and AI-first vehicle architectures, ECARX empowers automakers to streamline integration, reduce systemic complexity and optimize long-term cost efficiency. ECARX’s proven technology is deployed across over 11 million vehicles worldwide and is currently partnered with 18 global automakers and 28 vehicle brands to shape the future of automotive intelligence.  Founded in 2017 and listed on Nasdaq in 2022, ECARX operates from 13 major international locations across Europe, the Americas and Asia, with a global team of over 1,400 employees.

About Flyme OS
Flyme is a mature multi-branch operating system covering automotive, smartphones and smart wearables, forged from over 15 years of continuous R&D and global mass deployment. Created by Meizu, its lineup includes Flyme AI-OS for mobile, AR and wearable devices, alongside Flyme Auto, an automotive-grade cockpit OS powering over 2 million production vehicles globally. The platform delivers seamless cross-device interconnection, native in-car AI functionality and native compatibility with existing global mirroring solutions from Apple and Android.

View original content:https://www.prnewswire.com/news-releases/ecarx-enters-definitive-agreement-to-acquire-full-flyme-software-business-securing-end-to-end-os-capabilities-302806263.html

SOURCE ECARX Holdings Inc.

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Canadian Solar Launches TOPCon 3.0 High-Power-Density Module, Delivering up to 670 Wp, 24.8% Efficiency and Lower LCOE for Utility-Scale and C&I Solar Projects

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KITCHENER, ON, June 22, 2026 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced the launch of its new TOPCon 3.0 high-power-density photovoltaic module, tailored for utility-scale power plants as well as commercial and industrial (C&I) PV systems. With a power output of up to 670 Wp and a conversion efficiency of up to 24.8%, the new product is scheduled for global mass shipment starting in August 2026.

The TOPCon 3.0 high-power-density module delivers higher energy yield and lower Levelized Cost of Electricity (LCOE), improving project economics and long-term returns.

Higher power density: With a power output of up to 670 Wp, the module features a multi-cut technology based on large-format rectangular cells and enhanced light utilization, while maintaining a standard module size of 2382 × 1134 × 30 mm for optimum logistics and easy system integration.

Higher bifaciality: Cell poly-patterned technology and optimized back-side design enable PV module bifaciality of up to 90%, delivering an additional 0.4%–0.5% system-level energy gain.

Lower temperature coefficient: Advanced passivation technologies on cell edge and surface lower the PV module temperature coefficient to -0.26%/°C, improving PV system performance in high-temperature environments.

Together, these advanced cell and module technologies deliver high reliability and reduce degradation to ≤1% in the first year and 0.35% annually thereafter, ensuring over 88.85% output after 30 years.

For demanding conditions such as glare-sensitive, high-load, corrosive, and dusty environments, the TOPCon 3.0 module portfolio can be equipped with anti-glare glass, IoT (Internet of Things)-enabled junction box, and steel, composite, or anti-dust frames, enhancing PV system safety and visibility.

Dr. Shawn Qu, Executive Chairman and Chief Technology Officer of Canadian Solar, said, “With the launch of our TOPCon 3.0 module, we continue to advance high-efficiency PV technology, delivering up to 1.6% higher energy yield and up to 1.4% lower LCOE, translating into stronger lifecycle value and more predictable long-term returns for our global partners.”

The TOPCon 3.0 high-power-density module will be showcased at Intersolar Europe from June 23 to 25 in Munich, Germany. Visit Canadian Solar at booth B2.250 to explore the new generation of high-efficiency PV technology.

About Canadian Solar Inc.
Canadian Solar is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 25 years, Canadian Solar has successfully delivered nearly 177 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar had shipped over 20 GWh of battery energy storage solutions to global markets as of March 31, 2026, and had a $3.5 billion contracted backlog as of May 8, 2026. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12.2 GWp of solar power projects and 6.4 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 24 GWp of solar and 81 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release, including those regarding the Company’s expected future shipment volumes, revenues, gross margins, and project sales are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “may”, “will”, “expect”, “anticipate”, “future”, “ongoing”, “continue”, “intend”, “plan”, “potential”, “prospect”, “guidance”, “believe”, “estimate”, “is/are likely to” or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the adoption of solar and battery energy storage technologies; our growth strategies, future business performance, and financial condition; our transition to a long-term owner and operator of clean energy assets and expansion of project pipelines; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks were described in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 10, 2026. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT
Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com 

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SOURCE Canadian Solar Inc.

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Rockwell Automation Technology Supports Modernization at New Heaven Hill Distillery

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PlantPAx helps streamline operations at the state-of-the-art facility and enables future AI-driven optimization.

MILWAUKEE, Wis., June 22, 2026 /PRNewswire/ — Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, helped an iconic bourbon maker bring its operations into the digital era. When Opus Integration helped Heaven Hill launch a new distillery last year in Bardstown, KY, it used the PlantPAx® modern distributed control system (DCS) from Rockwell Automation to increase efficiency and embed digital transformation from day one.

“Creating a state-of-the-art distillery with digital transformation embedded from day one creates long-term advantages,” said Kris Dornan, Commercial Marketing Manager, Rockwell Automation. “Using the PlantPAx modern DCS, Opus and Heaven Hill have created a unified control and data environment giving operators deep visibility into operations today while laying the groundwork for more advanced analytics and richer insights in the future.”

Heaven Hill is the world’s largest independent bourbon maker, with well-known brands such as Elijah Craig, Evan Williams and its namesake bourbon. The new production facility launched in 2025 brought operations back to Bardstown for the first time in decades after a fire destroyed the distillery where the company had previously produced bourbon since 1935.

While Heaven Hill has crafted bourbon for more than 90 years, the company wanted its new distillery to be fully modernized. The facility required full plant visualization, robust cybersecurity and a foundation capable of supporting long-term digital transformation.

Opus Integration, a Rockwell Automation partner specializing in industrial control systems, with deep expertise in process automation and plant modernization, deployed the PlantPAx modern DCS to deliver a cohesive view of the entire distillery. The solution transformed how operators engage with the production environment and reduced troubleshooting time. Modern interlock objects allow operators to immediately see what is preventing equipment from running, eliminating the need to dig through code or place multiple support calls.

The modern DCS also allows operators to analyze historical trends and compare past production runs. This supports anomaly detection, process optimization and continuous improvement in the distillery operations.

“The PlantPAx DCS gives operators greater visibility into the distillery’s operations than they’ve had in the past, allowing them to stay focused on delivering Heaven Hill’s iconic products without worrying about the production process,” said Don Ault, owner and CEO of Opus Integration. “Heaven Hill now has the real-time insights and information security it needs to succeed today and a foundation for digital evolution based on future business needs.”

The PlantPAx-based infrastructure positions the new distillery to use AI-driven insights and other advanced technologies. Heaven Hill is already building AI-focused roles to interpret and apply production data generated through the PlantPAx system.

To learn more about how Rockwell Automation supports Heaven Hill with PlantPAx to modernize operations, read the full case study here.

About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 26,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit  www.rockwellautomation.com.

 

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SOURCE Rockwell Automation, Inc.

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Watch a New Episode of Advancements on Saturday, July 27 at 8:00 PM ET

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Get an inside look at how innovation is transforming operations in an increasingly tech-driven world.

JUPITER, Fla., June 22, 2026 /PRNewswire/ — An upcoming episode of Advancements with Ted Danson is scheduled to air on Saturday, July 27, 2026, at 8:00 PM ET. Tune in to Bloomberg Television to watch.

The episode will take viewers inside four compelling stories highlighting the people, technologies, and innovations shaping the future across cybersecurity, veterinary healthcare, energy production, and battery technology.

The program begins with a look at the evolving cybersecurity landscape, and the growing challenges organizations face in an increasingly connected world. Watch to learn how advanced cyber threats are reshaping security strategies and discover how innovations in identity-based security, passwordless technologies, and proactive defense measures are helping to protect critical infrastructure, organizations, and consumers alike.

Next, the series turns its attention to veterinary healthcare, where rising demand for advanced pet care, workforce shortages, and increasing operational complexity are driving industry-wide transformation. Discover how technology-enabled care models, integrated digital systems, and AI-supported tools are helping veterinary professionals improve efficiency, reduce administrative burdens, and enhance outcomes for both patients and pet owners.

The episode also explores the critical role of domestic energy production in supporting long-term energy security. Featuring insights into California’s untapped natural gas resources and advances in drilling technology, the segment examines how innovative approaches to resource development may help address growing energy demands, while supporting economic growth and regional energy stability.

Finally, Advancements highlights the future of battery technology and its role in the global transition toward electrification. The segment features the latest innovations in solid-state battery development and shares how next-generation energy storage solutions are being engineered to improve safety, performance, scalability, and sustainability across electric vehicles and other emerging applications.

“Technology and innovation continue to transform every aspect of modern life,” said Dustin Schwarz, programming director for the Advancements series. “This episode showcases organizations and thought leaders working to address some of today’s most pressing challenges, while helping to build a more secure, sustainable, and connected future.”

Featured segments in this episode include: T-Mobile, Tandem Vet Care, INNEX Energy, and ProLogium.

About Advancements:
Advancements is an information-based educational television series that explores recent developments taking place across several industries and economies. With a focus on some of the major innovations responsible for global progress today, the award-winning series goes behind-the-scenes to discover and share how technology and innovation continue to drive the world forward.

For more information, please visit www.AdvancementsTV.com or call 866-496-4065.

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SOURCE Advancements

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