v3.26.1
Warrant liabilities (Tables)
12 Months Ended
Dec. 31, 2025
Warrants and Rights Note Disclosure [Abstract]  
Schedule of warrants are remeasured utilizing key assumptions The Binomial Option Pricing Model with the following key assumptions is used for estimating the fair value of ECARX Private Warrants.
As of December 31,
20242025
Risk-free rate of return (%)4.27 %3.47 %
Volatility50.20 %71.00 %
Expected dividend yield0.0 %0.0 %
Expected term3.0 years2.0 years
Fair value of the underlying ordinary shares
US$2.11
US$1.72
Schedule of movement of ECARX warrants
The table below reflects the movement of ECARX Warrants for the years ended December 31, 2024 and 2025:
20242025
ECARX Public WarrantsECARX Private WarrantsECARX Public WarrantsECARX Private Warrants
US$US$US$US$
January 1,450274750451
Loss (gain) due to change in fair value300177(74)(2)
December 31,750451676 449