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ECARX Holdings (ECX) drives innovation in automotive intelligence through cutting-edge computing platforms and digital cockpit solutions. This news hub delivers essential updates about the company's technological advancements and market position.
Access comprehensive coverage of earnings reports, product launches, and strategic partnerships with global automakers. Our curated collection features official announcements and verified developments in vehicle connectivity systems and full-stack automotive computing.
Key focus areas include updates on system-on-chip modules, infotainment platform deployments, and R&D milestones shaping next-generation mobility solutions. Track ECX's progress in delivering integrated hardware-software architectures for premium vehicle brands.
Bookmark this page for streamlined access to ECARX Holdings' latest business developments and technology breakthroughs. Check regularly for authoritative updates on automotive computing innovations directly impacting the smart vehicle ecosystem.
ECARX Holdings (Nasdaq: ECX) announced a major upgrade to its ECARX AutoGPT in-vehicle AI application by integrating the DeepSeek-R1 model. This integration enhances local processing capabilities, improving data privacy and reducing cloud dependency, latency, and costs.
The upgrade strengthens AutoGPT's core capabilities including AutoAgent, AutoFlow, AutoScene, and AutoEco, which are built on leading language models. The enhancement enables better reasoning, decision-making, and personalized user experiences in automotive-specific scenarios.
The integration allows for local execution of complex tasks, ensuring compliance with privacy regulations while reducing security certification costs for ECARX's global customer base. The company aims to deliver smarter, safer, and more efficient in-vehicle solutions through its open ecosystem of partnerships.
ECARX Holdings (Nasdaq: ECX), a global mobility tech provider, has announced a change in its board of directors. Zenggang Liu has been appointed as a director effective January 13, 2025, replacing Tao Li, who resigned due to personal reasons. Liu, who joined Baidu in 2014, currently serves as the deputy general manager of Baidu Maps, overseeing its open platform and navigation business. He holds a bachelor's degree from Harbin Institute of Technology and a master's degree from Northeastern University.
ECARX Holdings (Nasdaq: ECX) announced that its Cloudpeak® hypervisor, a core component of the Cloudpeak® software stack, has achieved ISO 26262 ASIL-D certification, the highest level of functional safety certification in automotive standards. The certification was jointly issued by LQRA and DEKRA, validating ECARX's capabilities in automotive-grade safety development.
The Cloudpeak® hypervisor provides safe, reliable, high-performance low-loss virtualization capabilities for vehicles integrated with the Cloudpeak® software stack. The technology has already been successfully implemented in ECARX's Makalu® computing platform, powering models like the Lynk & Co Z10 and smart #5.
According to Rongbo Zhang, ECARX Head of R&D, this certification demonstrates their ability to develop components meeting stringent functional and informational safety requirements, supporting the expansion of Cloudpeak® software stack across multiple operating systems and computing platforms globally.
ECARX Holdings (Nasdaq: ECX) has announced a share repurchase program authorizing the buyback of up to $20 million worth of ordinary shares. The program will run until September 30, 2025. Repurchases may be executed through open market transactions, private negotiations, block trades, or other legal means, subject to market conditions and regulations. The company plans to fund the buybacks using its existing cash reserves. The board will periodically review and may adjust the program's terms and size. All transactions will comply with SEC Rules 10b-18 and 10b5-1 requirements.
ECARX Holdings (Nasdaq: ECX) received a special recognition award from the Saudi Standards, Metrology, and Quality Organization (SASO) at Saudi Arabia National Quality Conference for its contributions to AI-driven automotive innovation. The conference gathered over 60 industry leaders focused on technological innovation and sustainable development. Senior Director of Product Siying Gong presented on 'Generative AI in Quality Assurance,' highlighting ECARX AutoGPT, which features AutoAgent, AutoFlow, AutoScene, and AutoEco capabilities designed to enhance in-vehicle experience.
ECARX Holdings showcased its Skyland Pro ADAS solution at AutoSens China 2024, demonstrating high-performance, cost-effective intelligent driving capabilities. Jie Zhang, ADAS Product Director, presented on balancing performance and cost in driving and parking ADAS solutions. The Skyland Pro, currently in mass production, powers vehicles including Lynk & Co 08 EM-P and 07 EM-P models, featuring parking assistance and highway Navigate-on-Autopilot (NOA). ECARX aims to scale this technology across various brands while continuing to enhance its performance.
ECARX Holdings (Nasdaq: ECX) has signed a three-year components procurement and R&D services agreement with Geely Auto. The agreement, effective until December 31, 2027, includes annual caps of RMB6,387.281 million, RMB6,430.855 million, and RMB6,489.889 million for 2025, 2026, and 2027 respectively. ECARX will provide automobile components and R&D services to enhance Geely Auto's new energy vehicles driving technology system. The company will continue supporting brands within Geely Auto, such as ZEEKR and LYNK & CO, while maintaining its commitment to serve external brands like Volvo, smart, Lotus, and Polestar.
ECARX reported Q3 2024 financial results with total revenue of RMB1,425.3 million (US$203.1 million), up 31% YoY. Sales of goods revenue increased 61% YoY to RMB1,179.9 million, while software license and service revenue declined 39% and 26% YoY respectively. The company reported a gross margin of 17%, down from previous year due to penetration pricing strategy. Net loss widened to RMB340.0 million. Notable achievements include over 7.3 million vehicles incorporating ECARX technology, two new design wins, and products under development for over 40 vehicle models. The company expanded its product portfolio with launches of Antora 1000SPB and Pikes computing platforms.
ECARX Holdings (Nasdaq: ECX) announced the global launch of the smart #5, a premium mid-size SUV featuring ECARX's Makalu® computing platform powered by AMD Ryzen™ Embedded V2000 Series processors. The vehicle debuted in Australia in August, incorporating Mercedes-Benz's 'Sensual Purity' design philosophy. The smart #5 features six interconnected screens and supports AI applications with Unreal Engine graphics. The vehicle introduces the 'Crystal Prism' design, evolving from smart's 'Low Poly' style, enhanced by 3D UI designs and visual effects.
ECARX Holdings, Inc. (Nasdaq: ECX), a global mobility tech provider, has announced it will report its third quarter 2024 financial results on November 7, 2024, before the U.S. market opens. The company will hold an earnings conference call and live audio webcast on the same day at 8:00 a.m. U.S. ET to discuss the financial results and answer questions from analysts and institutional investors.
To participate in the live conference call, interested parties must register in advance to receive call details and international access numbers. The webcast link and registration details are provided in the announcement. Participants are encouraged to join at least 15 minutes early to ensure a timely connection. An audio replay and presentation materials will be available on ECARX's investor relations website following the event.
