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

geely-backed-ecarx-buys-15%-of-volvo-self-driving-unit-zenseact

ZenseactVolvo 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…