# ECARX signs components procurement and R&D agreement with Geely Auto

ECARX entered a three-year components procurement and R&D services agreement with Geely Auto, effective November 14, 2024, with annual caps totaling approximately RMB 6.39 billion for 2025, RMB 6.43 billion for 2026, and RMB 6.49 billion for 2027.

- Type: Contract
- Announced: 2024-11-14
- Where: China
- Value: $883.0M (6.39B CNY)
- Status: announced
- Products: automobile components, R&D services for new energy vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ECARX](https://endata.com/companies/15432.md) (supplier)
- [Geely Automobile Holdings](https://endata.com/companies/27939.md) (customer)
- [Zhejiang HUANFU Technology Co., Ltd.](https://endata.com/companies/81063.md) (supplier)
- [Hangzhou Langge Technology Co., Ltd.](https://endata.com/companies/81064.md) (supplier)

## Sources

- [ecarxgroup.com](https://www.ecarxgroup.com/press/ecarx-and-smart-form-joint-venture-drive-development-intelligent-2/), 2024-11-18: "The agreement has a term of three years and ends on December 31, 2027."

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