Connect with us

Technology

ECARX Upsizes 2025 Convertible Senior Notes to $130 Million, Secures Additional Institutional Capital Support

Published

on

LONDON, July 17, 2026 /PRNewswire/ — ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a leading global supplier of intelligent automotive computing and software solutions, today announced: an amendment deed (the “Amendment Deed”) to upsize the capacity for its 2025 Convertible Notes (the “2025 Notes”) from US$100 million to US$130 million; a further subscription by an existing investor for an additional 2025 Note in the amount of US$15 million; and the transfer of an existing 2025 Note to a new investor.

The 2025 Notes were issued pursuant to a convertible note purchase agreement (the “2025 Note Purchase Agreement”) entered into between the Company and an initial investor (the “Initial Investor”) on November 3, 2025 as part of a refinancing of previous convertible notes issued in 2022. The 2025 Note Purchase Agreement contemplated the issuance and sale by the Company of up to US$100 million of 2025 Notes. Of this, the Initial Investor purchased US$35 million (the “Initial Note”) and the remaining principal amount was fully subscribed for during the course of Q4 2025 and Q1 2026. The conversion price of the 2025 Notes is US$2.62 (subject to customary adjustments on the conversion price) and will be due in 2028.

The Initial Investor subsequently transferred US$15 million of the Initial Note to an international investment bank and securities firm outside China.

On Jul. 16, 2026, the Company entered into the Amendment Deed, which amends the total potential size of the 2025 Notes from US$100 million to US$130 million. Following the amendment, the Initial Investor agreed to subscribe for a new 2025 Note in the principal amount of US$15 million.

Mr. Ziyu Shen, Founder and CEO of ECARX commented: “The upsizing of our 2025 convertible note program and the continued institutional investor endorsement announced today strongly validates capital market confidence in ECARX’s core technology competitiveness and long-term global growth roadmap. The incremental capital raised will support the continuous iteration, R&D upgrade and commercial scaling of our full-stack automotive intelligence platform, further strengthen our balance sheet, and drive sustainable long-term shareholder value creation.”

About ECARX

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.

Forward-Looking Statements

This release contains statements that are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s beliefs and expectations as well as on assumptions made by and data currently available to management, appear in a number of places throughout this document and include statements regarding, amongst other things, results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate. The use of words “expects”, “intends”, “anticipates”, “estimates”, “predicts”, “believes”, “should”, “potential”, “may”, “preliminary”, “forecast”, “objective”, “plan”, or “target”, and other similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties that could cause actual results to differ materially, including, but not limited to statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, and the markets in which we operate.

For a discussion of these and other risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statement, see ECARX’s filings with the U.S. Securities and Exchange Commission. ECARX undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law.

View original content:https://www.prnewswire.com/news-releases/ecarx-upsizes-2025-convertible-senior-notes-to-130-million-secures-additional-institutional-capital-support-302828429.html

SOURCE ECARX Holdings Inc.

Continue Reading

Technology

JustMarkets Explores What CFD Traders May Consider When Trading Volatility-Based Instruments

Published

on

By

HO CHI MINH CITY, Vietnam, Sept. 28, 2026 /PRNewswire/ — JustMarkets, a multi-asset CFD broker, has released an analysis of volatility-based instruments and the practical factors CFD traders may consider before trading them. According to the analysis, without volatility there may be little room for short-term trading — one of the reasons volatility-based instruments may attract attention from CFD traders seeking markets with distinct price behavior.

Unlike conventional assets, which can experience price fluctuations triggered by economic data releases, companies’ financial performance, central bank actions, or geopolitical events, volatility-based instruments may be constructed around specific market behavior.

What May Draw the Attention of Active CFD Traders

JustMarkets notes that exposure to price movement is the first factor.

Conventional markets experience calm and volatility based on liquidity, trading sessions, releases, and news. Meanwhile, volatility-based instruments exhibit specific characteristics, relevant for active CFD traders using technical strategies like momentum, breakout, and intraday-range approaches. Another factor is trading availability. Depending on the instrument, volatility-based instruments trade outside conventional exchange hours, giving CFD traders flexibility in timing analysis and trading. However, price movement alone does not mean improved conditions.

Increased Volatility Brings Higher Risk

Volatility can work in both directions. An instrument that can move quickly in a trader’s favor can also move quickly against the position. When trading leveraged CFDs, risk management becomes one of the most important factors.

Leverage allows CFD traders to control larger market exposure with limited margin. However, leverage also increases market exposure, capital volatility, and the potential for losses, and can lead to greater losses during adverse price movements.

Before placing a trade on any CFD instrument, traders should understand its price behavior, spreads, commissions, margin requirements, trading hours, overnight costs, and other factors.

JustMarkets notes that the key question before making a trading decision is not “Is this instrument volatile?” but rather “Does this kind of volatility fit my trading and risk management strategy?”

What to Check Before Trading

Before choosing a volatility-based CFD, traders may consider several practical factors:

Price behavior: how quickly and how often the instrument moves.Trading costs: spreads, commissions, and potential overnight charges.Leverage and margin: how much market exposure the position creates.Trading hours: when the instrument is available for trading.Risk tolerance: whether the instrument’s volatility aligns with the trader’s strategy and acceptable level of risk.

Shifting Focus to Market Behavior

For active CFD traders, an instrument’s price behavior may be just as important as the asset class it belongs to.

Depending on their strategy, scalpers may focus more on short-term price movements, spreads, and execution, while day traders may pay closer attention to intraday volatility and trading costs. Swing traders, meanwhile, may also consider how price behavior develops over a longer holding period, as well as potential overnight costs.

The same principle applies to the CFD markets offered by JustMarkets. CFD traders can choose among CFDs on different types of global markets and assess instruments based on their trading approach.

Volatility-based instruments may offer CFD traders more trading opportunities, but they also carry higher risk. Volatility should never be seen as a shortcut to profits.

For CFD traders, understanding an instrument’s price behavior and how it aligns with their trading strategy comes first.

JustMarkets aims to provide a convenient and transparent trading environment for CFD traders.

Risk Warning: 

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. This article is for informational purposes only and does not constitute investment advice. 

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/justmarkets-explores-what-cfd-traders-may-consider-when-trading-volatility-based-instruments-302892169.html

SOURCE JustMarkets

Continue Reading

Technology

TECO Showcases Integrated Modular Data Center Solutions in Singapore, Targeting Southeast Asia’s AI Infrastructure Opportunities

Published

on

By

SINGAPORE, Sept. 29, 2026 /PRNewswire/ — TECO Electric & Machinery Co., Ltd. (TWSE: 1504), together with its subsidiary TECOBAR, made its debut at Data Center World Singapore today (29th), showcasing its integrated one-stop capabilities in data center power systems and Modular Data Centers (MDCs) as it expands into Southeast Asia’s AI infrastructure market. TECO President Fei-Yuan Kao stated, “As global competition for AI computing power intensifies, deployment speed and power supply stability have become critical to competitiveness. With more than 20 years of experience in data center infrastructure and cumulative contracted project capacity totaling nearly 1 GW, TECO integrates electromechanical systems, power systems, engineering, and modular prefabrication capabilities to help global customers accelerate AI data center deployment, bring computing capacity online sooner, and shorten time to commercial operation.”

Five Core MDC Modules Accelerate AI Data Center Deployment
The exhibition focuses on TECO’s one-stop Modular Data Center delivery capabilities, featuring five core modules: IT systems, cooling systems, power systems, generator systems, and energy management and control systems (EMS). It also demonstrates TECO’s full-service capabilities spanning requirements analysis, system design, engineering planning, equipment manufacturing, modular prefabrication, system integration, on-site installation, testing, and handover. TECO is also presenting an ongoing 10 MW Modular Data Center project to illustrate the five core modules, from integrated design and factory prefabrication to on-site installation. Flexibly configured based on customer requirements, site conditions, and reliability tiers, TECO’s MDC solutions reduce construction complexity and project timelines while improving engineering quality and energy efficiency.

Integrating Power Equipment and Local Manufacturing to Strengthen Supply Chain Services
High-performance computing applications continue to increase data center power density, making the safety, reliability, and deployment efficiency of power transmission systems increasingly critical. TECO has integrated the Group’s equipment manufacturing and system integration resources, with its subsidiary TECOBAR showcasing armored and cast-resin busway products. Their high current-carrying capacity, modular design, and rapid deployment capabilities address different AI data center requirements. TECOBAR’s new armored busway plant in Penang, Malaysia, is designed for annual production capacity of 400,000 meters. Its products are certified to international standards including IEC and UL, strengthening TECO’s supply chain service capabilities for data center customers across Southeast Asia and global markets.

About TECO
Founded in 1956, TECO has evolved into a major global business group, with the objective of becoming the key driver in realizing global electrification, intelligence, and green energy. https://www.teco.com.tw/en-us/

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/teco-showcases-integrated-modular-data-center-solutions-in-singapore-targeting-southeast-asias-ai-infrastructure-opportunities-302892175.html

SOURCE TECO Electric & Machinery Co., Ltd.

Continue Reading

Technology

Cambridge English Educational Partners support Malaysian young learners in the age of AI

Published

on

By

SINGAPORE, Sept. 29, 2026 /PRNewswire/ — As technologies such as Artificial Intelligence (AI) become increasingly important for the next generation, kindergartens and language schools in Malaysia are preparing young learners with strong English communication skills for the future.

Cambridge English Educational Partners support institutions in this journey through a holistic approach to English teaching, learning and assessment. Partner institutions use Cambridge English learning materials, teacher training and teaching qualifications, and globally recognised tests and exams to strengthen teaching standards and help learners develop and prove their English skills.

Jacelyn Tan, Academic Principal at KLC Language Centre, a Cambridge English Educational Partner in Malaysia, explains how the centre prepares young learners for an AI-driven future.

“Unlike traditional language centres in Malaysia, KLC maintains an intentional, high-attention learning environment with ultra-small class sizes. This focused approach of highly personalised teacher guidance and a unique, structured curriculum ensures that young learners rapidly build real-life communication confidence alongside global qualification excellence with Cambridge English.”

Tan Shi Yunn, Deputy Head of Kindergartens at Young’s Kingdom, explains how its network of kindergartens uses Cambridge English resources to support children aged 3 to 6 in their English language journey.

“Our curriculum is structured around thematic learning and hands-on activities that nurture creativity, problem-solving and curiosity. Through guided exploration, children find joy in learning and develop a genuine love for school.

“We focus on holistic development of young learners that balances academic, emotional, social and physical growth.

“Young’s Kingdom’s integration of Cambridge English resources into our curriculum has significantly strengthened the quality of English language teaching and learning. The well-structured materials, assessments and professional development opportunities for our teachers have helped our students build greater confidence, communication skills and academic readiness in English.”

Strong English communication skills will be critical in helping young learners become future-ready. Cambridge English Educational Partners support institutions such as KLC Language Centre and Young’s Kingdom with learning materials, teacher development and globally recognised qualifications to strengthen their English teaching and learning journeys.

KLC Language Centre, Malaysia

Small Class Sizes: KLC’s small classes enable highly personalised guidance through a structured curriculum, helping learners progress through CEFR levels and reach Cambridge assessment milestones in as little as four months.

Real-Life Communication Confidence: Personalised teaching and a structured learning approach help young learners build practical communication confidence alongside internationally recognised qualifications.

“As the first Cambridge English Educational Partner in Malaysia, our long-standing collaboration with Cambridge has helped elevate literacy standards across our branches. By integrating Cambridge English learning frameworks across digital and classroom learning, we have guided tens of thousands of young learners towards recognised qualifications. Cambridge assessments also provide parents with clear, measurable benchmarks of their child’s global English proficiency.”

Jacelyn Tan
Academic Principal

Young’s Kingdom, Malaysia

Young’s Kingdom is a network of private preschools and kindergartens across Johor Bahru, Malaysia, providing holistic education for children aged 3 to 6.

Play-Based Learning
Thematic, hands-on activities develop creativity, problem-solving, curiosity and a love for learning.

Tri-Language Proficiency
Children learn English, Bahasa Melayu and Mandarin, with English as the main communication medium.

Strong Academic Foundation
Core programmes include languages, Mathematics, Science, Jolly Phonics and Cambridge English for 6-year-olds, preparing children for primary school.

“The integration of Cambridge English resources has strengthened our English teaching and learning. Its structured materials, assessments and teacher development help students build confidence, communication skills and academic readiness, while equipping our teachers with internationally aligned teaching practices.”

Teacher Tan Shi Yunn
Deputy Head of Kindergarten

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/cambridge-english-educational-partners-support-malaysian-young-learners-in-the-age-of-ai-302892211.html

SOURCE Cambridge English

Continue Reading

Trending