# EDGAR Filing Document

**Accession Number:** 0001861974
**File Stem:** 0000000000-23-001682
**Filing Date:** 2023-2
**Character Count:** 9899
**Document Hash:** 22edf634236ab59ab8013f954949752c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-001682.hdr.sgml**: 20230731

**ACCESSION NUMBER**: 0000000000-23-001682

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230217

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ECARX Holdings Inc.
- **CENTRAL INDEX KEY:** 0001861974
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 16/F, TOWER 2
- **STREET 2:** CHINA EASTERN AIRLINES BINJIANG CENTER
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 200030
- **BUSINESS PHONE:** 0571 85306757

**MAIL ADDRESS:**
- **STREET 1:** 16/F, TOWER 2
- **STREET 2:** CHINA EASTERN AIRLINES BINJIANG CENTER
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 200030
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001104659-23-004935

## Text-Extract

```

United States securities and exchange commission logo

                              February 17, 2023

       Ziyu Shen
       Chairman and Chief Executive Officer
       ECARX Holdings Inc.
       16/F, Tower 2, China Eastern Airline Binjiang Center
       277 Longlan Road
       Xuhui District, Shanghai 200041
       People   s Republic of China

                                                        Re: ECARX Holdings Inc.
                                                            Draft Registration
Statement on Form F-1
                                                            Submitted January
19, 2023
                                                            CIK No. 0001861974

       Dear Ziyu Shen:

              We have conducted a limited review of your draft registration
statement. In some of our
       comments, we may ask you to provide us with information so we may better
understand your
       disclosure.

               Please respond to this letter by providing any requested
information and by publicly
       filing your registration statement and non-public draft submission on
EDGAR. If you do not
       believe our comments apply to your facts and circumstances or do not
believe an amendment is
       appropriate, please tell us why in your response. After reviewing the
information you provide in
       response to these comments and your filed registration statement, we may
have additional
       comments.

       Draft Registration Statement on Form F-1

       Cover Page

   1.                                                   Please revise the
prospectus cover page, risk factors and management's discussion and
                                                        analysis to disclose
that your controlling shareholder, Mr. Eric Li (Li Shufu), and Mr.
                                                        Ziyu Shen, your CEO and
Chairman, will be able to sell all of their shares for so long as
                                                        the registration
statement of which this prospectus forms a part is available for use.
                                                        Disclose the percentage
of shares this represents and that all of these shares were acquired
                                                        at prices significantly
below the current trading price of your shares. In addition, clarify
                                                        on the prospectus cover
page which selling shareholders are controlled by Messrs. Eric Li
                                                        and Ziyu Shen, or
simply refer to them as affiliates of Mr. Eric Li (Li Shufu) or Mr. Ziyu
                                                        Shen.
 Ziyu Shen
ECARX Holdings Inc.
February 17, 2023
Page 2
Management's Discussion and Analysis of Financial Condition and Results of
Operation
Liquidity and Capital Resources, page 150

2.     Please further expand your discussion of capital resources to address
changes in the
       company   s liquidity position since the business combination. Discuss
the net cash
       proceeds you received in connection with the business combination,
indicating the sources
       and uses. Disclose that the $15 million investment by Luminar
Technologies, Inc. was
       paid by Luminor Technologies issuing 2,030,374 of its shares rather than
paying cash.
       Also discuss that the $65 million you received from the Investor Notes
increased your
       debt by $65 million and is due on 11/8/25. Disclose that the $11.50
conversion price of
       the Investor Notes is below the current trading price of your Class A
ordinary shares,
       making it unlikely that the Investor Notes will be converted unless the
market price of
       your shares exceeds $11.50. If the company is likely to have to seek
additional capital,
       discuss the effect of this offering on the company   s ability to raise
additional capital.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

        We also remind you that your registration statement must be on file no
later than 48 hours
prior to the requested effective date and time. Refer to Rules 460 and 461
regarding requests for
acceleration. Please allow adequate time for us to review any amendment prior
to the requested
effective date of the registration statement.

      Please contact Kathleen Krebs, Special Counsel, at 202-551-3350 or Jan
Woo, Legal
Branch Chief, at 202-551-3453 with any other questions.

                                                            Sincerely,
FirstName LastNameZiyu Shen
                                                            Division of
Corporation Finance
Comapany NameECARX Holdings Inc.
                                                            Office of
Technology
February 17, 2023 Page 2
cc:       Shu Du, Esq.
FirstName LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

February 17, 2023

Ziyu Shen  
Chairman and Chief Executive Officer  
ECARX Holdings Inc.  
16/F, Tower 2, China Eastern Airline Binjiang Center  
277 Longlan Road  
Xuhui District, Shanghai 200041  
People's Republic of China

**Re: ECARX Holdings Inc.**  
**Draft Registration Statement on Form F-1**  
**Submitted January 19, 2023**  
**CIK No. 0001861974**

Dear Ziyu Shen:

We have conducted a limited review of your draft registration statement. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to this letter by providing any requested information and by publicly filing your registration statement and non-public draft submission on EDGAR. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing the information you provide in response to these comments and your filed registration statement, we may have additional comments.

# Draft Registration Statement on Form F-1

# Cover Page

1. Please revise the prospectus cover page, risk factors and management's discussion and analysis to disclose that your controlling shareholder, Mr. Eric Li (Li Shufu), and Mr. Ziyu Shen, your CEO and Chairman, will be able to sell all of their shares for so long as the registration statement of which this prospectus forms a part is available for use. Disclose the percentage of shares this represents and that all of these shares were acquired at prices significantly below the current trading price of your shares. In addition, clarify on the prospectus cover page which selling shareholders are controlled by Messrs. Eric Li and Ziyu Shen, or simply refer to them as affiliates of Mr. Eric Li (Li Shufu) or Mr. Ziyu Shen.

Ziyu Shen  
ECARX Holdings Inc.  
February 17, 2023  
Page 2

# Management's Discussion and Analysis of Financial Condition and Results of Operation  
Liquidity and Capital Resources, page 150

2. Please further expand your discussion of capital resources to address changes in the company’s liquidity position since the business combination. Discuss the net cash proceeds you received in connection with the business combination, indicating the sources and uses. Disclose that the $15 million investment by Luminar Technologies, Inc. was paid by Luminor Technologies issuing 2,030,374 of its shares rather than paying cash. Also discuss that the $65 million you received from the Investor Notes increased your debt by $65 million and is due on 11/8/25. Disclose that the $11.50 conversion price of the Investor Notes is below the current trading price of your Class A ordinary shares, making it unlikely that the Investor Notes will be converted unless the market price of your shares exceeds $11.50. If the company is likely to have to seek additional capital, discuss the effect of this offering on the company’s ability to raise additional capital.

We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.

We also remind you that your registration statement must be on file no later than 48 hours prior to the requested effective date and time. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement.

Please contact Kathleen Krebs, Special Counsel, at 202-551-3350 or Jan Woo, Legal Branch Chief, at 202-551-3453 with any other questions.

Sincerely,

Division of Corporation Finance Office of Technology

cc: Shu Du, Esq.