Ecarx, Backed by Geely’s Li, to Sell Robotaxis to US Startup

Ecarx Holdings Inc., a company backed by Chinese billionaire Li Shufu, said it reached an agreement to deliver robotaxis to US startup May Mobility Inc., in a deal it valued at about $750 million.

Under the deal, Ecarx would deliver thousands of self-driving cars and design the computing platforms and sensor suites for the vehicles, according to a statement on Tuesday. That should help halve the all-in cost of May Mobility’s autonomous vehicles by 2028, it said.