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ECARX sells minority stake in HaleyTek to Volvo Cars
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Aug 1, 2024

ECARX sells minority stake in HaleyTek to Volvo Cars

M&A

  • ECARX, a London-based automotive technology provider, has sold its 40% minority stake in HaleyTek AB, a joint venture (JV) developing software for Android-powered infotainment systems, to Volvo Car Corporation, its other JV partner.

  • ECARX will continue to collaborate directly with Volvo Cars and HaleyTek on developing technology solutions to enhance the driving experience for Volvo Cars and related brands such as Polestar.

  • HaleyTek is a JV between Volvo Cars and ECARX, established in 2021 to develop software for Android-powered infotainment systems for current and future Volvo and Polestar car models. The company focuses on creating platform software that enables navigation, media, voice assistants, and other services to run on advanced hardware in vehicles.

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