ECARX Holdings Inc. (NASDAQ:ECX) stock jumped 9% in pre-market trading Wednesday after the mobility technology company revealed a new partnership to integrate its lidar systems into robotic lawn mowers.
The deal with a prominent yet unnamed global developer of robotic lawn mowers signals ECARX’s strategic move to broaden its reach beyond automotive intelligence into the expanding robotics sector. The collaboration targets large-scale production worldwide by 2026.
ECARX will supply its proprietary solid-state 3D short-range lidar technology, which operates at a 905nm wavelength and offers a detection range of up to 60 meters. This advanced sensor will enhance autonomous navigation and obstacle detection capabilities in robotic lawn mowers.
“This partnership highlights the adaptability of our state-of-the-art technologies and pushes their use well beyond automotive applications,” said Ziyu Shen, Chairman and CEO of ECARX. “We look forward to tapping into new growth avenues within robotics while showcasing the broad commercial promise of our sensor innovations.”
Currently, ECARX provides automotive intelligence solutions to 18 automakers across 28 global brands. This new venture reflects the company’s strategy to leverage its automotive research and development expertise into other rapidly growing fields as AI and robotics continue to evolve.