# ECARX takes 15% stake in Zenseact, plans AD collaboration in China

ECARX made a strategic investment in Zenseact, taking a 15% shareholding. The companies plan to collaborate on autonomous driving technology for the Chinese market.

- Type: Acquisition
- Announced: 2021-07-08
- Where: China
- Status: announced
- Products: autonomous driving software
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ECARX](https://endata.com/companies/15432.md) (investor)
- [Volvo Cars](https://endata.com/companies/21173.md) (partner)
- [Zenseact](https://endata.com/companies/56354.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/Index/bcl?pageIx=5853), 2021-07-08: "Volvo Cars today announced its autonomous driving (AD) software development subsidiary Zenseact has received a strategic investment by ECARX."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.