DXC Luxoft and ECARX partnership boosts advanced innovation capabilities for automotive manufacturers
ECARX (Nasdaq: ECX) and DXC Luxoft (NYSE: DXC) have announced a partnership aimed at enhancing in-vehicle capabilities for automotive manufacturers. This collaboration will focus on developing advanced infotainment, digital cockpit, and driver assistance systems.
By combining ECARX's full-stack digital cockpit and driver assistance technology with DXC Luxoft’s software integration expertise, the partnership aims to improve user experiences for drivers. The alliance will enable automotive OEMs to leverage software-defined vehicles' capabilities, providing access to a comprehensive ecosystem of apps and AI-powered voice assistants.
ECARX will contribute its turnkey solutions, including computing platforms and central computing technology, while DXC Luxoft will offer customized software integration. This partnership is set to accelerate the transformation of automotive business models and foster innovation in user experience.
- Partnership combines ECARX's leading digital cockpit technology with DXC Luxoft's software integration expertise.
- Collaboration aims to enhance in-vehicle capabilities for infotainment and driver assistance systems.
- Automotive OEMs can leverage advanced software-defined vehicle capabilities.
- Potential for innovative user experiences through seamless app and AI-powered voice assistant access.
- No specific financial data provided to evaluate immediate impact on ECARX's stock performance (ECX).
- Potential risks include integration challenges and dependency on successful collaboration.
Insights
The collaboration between DXC Luxoft and ECARX could change how automotive manufacturers develop and integrate digital technology in vehicles. As the automotive industry rapidly shifts toward software-defined vehicles (SDVs), the ability to create custom and advanced infotainment systems and driver assistance technologies is crucial. This partnership leverages ECARX’s full-stack hardware and software capabilities, combined with DXC Luxoft’s proficiency in software integration and customized solutions.
By providing a turnkey solution, this collaboration can help OEMs (Original Equipment Manufacturers) develop new features and user experiences more efficiently. The inclusion of AI-powered voice assistants and an ecosystem of apps suggests a push towards more intelligent and interactive systems within vehicles, which could become a competitive edge for automakers.
From an investor's perspective, the synergy between the two companies can drive innovation and potentially generate new revenue streams. However, the success of this partnership will depend on actual implementation and the market's reception to these enhanced vehicle capabilities. The technology integration's complexity may pose challenges, but the potential for enhanced user experience and product differentiation is a significant upside.
The partnership between ECARX and DXC Luxoft underscores a growing trend in the automotive industry—emphasizing the importance of software as a key differentiator for vehicles. This move aligns with the industry's shift towards SDVs, where software capabilities, rather than hardware alone, define the value proposition of a vehicle. This strategic alliance aims to offer OEMs more independence and flexibility in software development, which can be a critical factor in a market where consumer expectations for seamless connectivity and advanced driver assistance systems (ADAS) are rising.
For investors, it's essential to recognize the potential market expansion this partnership might facilitate. DXC Luxoft's reputation as a global integration partner could help ECARX penetrate new markets and win more contracts with leading OEMs. The ability to offer bespoke software solutions will likely be appealing to manufacturers looking to differentiate their vehicles in an increasingly competitive marketplace.
However, it's worth noting that market penetration and adoption of these technologies will take time and the actual financial benefits may not be immediate. Investors should monitor the progress of this partnership and the feedback from OEMs closely to gauge the true impact on their investment.
ECARX to combine industry-leading full-stack digital cockpit and driver assistance technology with DXC Luxoft’s deep domain expertise, enabling automotive manufactures to enhance the user experience
ZUG, Switzerland, June 25, 2024 (GLOBE NEWSWIRE) -- ECARX (Nasdaq: ECX) and DXC Luxoft (NYSE: DXC) today announced they will work together to accelerate the development of in-vehicle capabilities, resulting in enhanced infotainment, digital cockpit and advanced driver assistance systems, and enabling a better user experience for drivers.
The two automotive technology leaders will collaborate on product and platform development to keep up with rapid changes in the automotive industry. ECARX’s full-stack hardware and software offering will now support a wider range of services through the addition of DXC Luxoft’s expertise in software integration and engineering, and its ability to develop customized solutions for automotive Original Equipment Manufacturers (OEMs).
The new partnership will make it easier for automotive OEMs to leverage the capabilities of software-defined vehicles to develop solutions which deliver innovative user experiences — such as providing drivers flawless access to the entire ecosystem of apps and intelligent AI-powered voice assistants.
As a trusted global automotive software systems integrator, DXC Luxoft is uniquely positioned to provide automotive OEMs with deep domain expertise, leveraging the latest in software development innovation, powered by AI.
To empower automotive OEMs in this partnership, ECARX will leverage its turnkey solutions for smart vehicles, including computing platforms, in-vehicle software, and central computing technology designed to connect the systems of next-generation software-defined vehicles.
ECARX and DXC Luxoft will collaborate to enable automotive OEMs to accelerate the transformation of their business models, and maximize the impact that software-defined vehicles can make to the end user’s experience.
Peter Cirino, Chief Operating Officer, ECARX, said, “We’re delighted to work with DXC Luxoft, a globally trusted brand and integration partner that will help automotive OEMs to integrate our hardware and software to meet their individual needs, deliver bespoke user experiences and differentiate their products. This will bring automotive OEMs more software independence and business growth by enabling them, in collaboration with DXC Luxoft, to develop software solutions on ECARX’s industry-leading stack.”
“Automotive OEMs need to be able to leverage the very latest advancements in the industry in order to offer a unique user experience,” said Luz G. Mauch, Executive Vice President of DXC Luxoft Automotive. “Through this collaboration between ECARX and DXC Luxoft, our clients will have the ability to build unique software and interfaces, and accelerate the transformation to software-defined vehicles,” he added.
About ECARX
ECARX (Nasdaq: ECX) is a global automotive technology provider with the capabilities to deliver turnkey solutions for next-generation smart vehicles, from the system on a chip (SoC), to computing platforms and software. As automakers develop new vehicle architectures from the ground up, ECARX is developing full-stack solutions to enhance the user experience, while reducing complexity and cost.
Founded in 2017 and listed on the Nasdaq in 2022, ECARX now has almost 2,000 employees based in 11 major locations in UK, USA, Sweden, China and Germany. To date, ECARX products can be found in over 6 million vehicles worldwide.
About DXC Luxoft
DXC Luxoft is a trusted partner in global digital transformation and a leader in delivering competitive advantage in the software-defined world. We engineer and deliver innovative services and products that shape the future of industries by leveraging our extensive partnership network and deep industry-specific expertise.
For more information, please visit luxoft.com
About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.
Together, DXC and DXC Luxoft deliver a differentiated customer value proposition for digital transformation, combining DXC Luxoft's digital front-end capabilities with DXC's expertise in IT modernization and integration.
Forward-looking statements — ECARX
This release contains statements that are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s beliefs and expectations as well as on assumptions made by and data currently available to management, appear in a number of places throughout this document and include statements regarding, amongst other things, results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate. The use of words “expects”, “intends”, “anticipates”, “estimates”, “predicts”, “believes”, “should”, “potential”, “may”, “preliminary”, “forecast”, “objective”, “plan”, or “target”, and other similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties that could cause actual results to differ materially, including, but not limited to statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, and the markets in which we operate. For a discussion of these and other risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statement, see ECARX’s filings with the U.S. Securities and Exchange Commission. ECARX undertakes no obligation to update or revise and forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law.
Forward-looking statements — DXC Luxoft
All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled “Risk Factors” in DXC’s upcoming Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. No assurance can be given that any goal or plan set forth in any forward-looking statement can or will be achieved, and readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this report or to reflect the occurrence of unanticipated events except as required by law.
Media contacts:
Irina Patentova, Marketing Manager, DXC Luxoft
ipatentova@dxc.com
Daniel Griffiths, Communications Director, ECARX
daniel.griffiths@ecarxgroup.com
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