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ECARX Holdings Inc. - ECX STOCK NEWS

Welcome to our dedicated page for ECARX Holdings news (Ticker: ECX), a resource for investors and traders seeking the latest updates and insights on ECARX Holdings stock.

ECARX Holdings Inc. (Nasdaq: ECX) is a leading global automotive technology provider dedicated to delivering advanced solutions for the next generation of smart vehicles. Founded in 2017 and publicly listed on the Nasdaq in 2022, ECARX has rapidly scaled its operations with over 2,000 employees spread across 12 major locations, including China, the UK, USA, Sweden, Germany, and Malaysia.

At the core of ECARX's business are their system-on-chip (SoC) core modules, automotive computing platform products, and comprehensive software stacks. Their key offerings include infotainment head units, digital cockpits, vehicle chip-set solutions, and an integrated core operating system. Committed to automotive intelligence and networking, they are actively developing a full-stack automotive computing platform designed to enhance user experience while reducing complexity and cost.

ECARX's recent accomplishments highlight their innovative prowess and industry impact. In April 2024, ECARX announced a strategic partnership with China FAW Group Co., Ltd. to develop next-generation intelligent cockpits for the premium Hongqi brand of vehicles. This collaboration aims to set new benchmarks in the industry through joint research and development efforts. In May 2024, ECARX celebrated the first deliveries of the Lynk & Co 07 EM-P sedan, which integrates ECARX’s full-stack solution for digital cockpits and advanced driver-assistance systems (ADAS), including their proprietary Antora® 1000 Pro, Skyland Pro, and Flyme Auto technologies.

ECARX's strategic partnerships extend beyond FAW Group to include prominent automotive brands such as Lotus, Lynk & Co, Polestar, Smart, and Volvo Cars. These collaborations are a testament to ECARX's reputation for quality and innovation in the automotive tech industry.

For stakeholders and investors, ECARX provides a transparent and accessible view of its financial health and strategic direction. The company's annual report, containing audited consolidated financial statements, is available on the ECARX investor relations website. They also offer hard copies free of charge upon request.

With a solid foundation and a focus on innovation, ECARX continues to drive advancements in automotive technology, ensuring their products and solutions remain at the forefront of the industry.

Rhea-AI Summary
ECARX Holdings Inc. (Nasdaq: ECX) announced a strategic partnership with China FAW Group Co., to develop intelligent cockpits for the premium Hongqi brand of vehicles. The partnership aims to set new industry benchmarks by combining research and development capabilities. Ziyu Shen, CEO of ECARX, expressed excitement about the collaboration.
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ECARX Holdings Inc. (Nasdaq: ECX) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC. Shareholders can access the report on the company's investor relations website. Hard copies are available upon request, free of charge.
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ECARX Holdings Inc. (ECX) announces a strategic partnership with Lianyou Zhilian Technology Co., to develop innovative intelligent cockpits and driving solutions for automakers. The partnership aims to enhance travel experiences globally by integrating technological strengths and research capabilities.
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ECARX Holdings Inc. partners with Microsoft to enhance intelligent vehicle technology, integrating large language models into vehicles globally. The collaboration aims to revolutionize intelligent cockpits and autonomous driving solutions, providing advanced intelligence and connectivity.
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ECARX Holdings Inc. debuts industry-leading automotive intelligence solutions at Hangzhou event, unveiling new computing platforms, driving and parking capabilities, and strategic partnerships.
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ECARX Holdings Inc. (ECX) is driving global expansion through robust R&D capabilities and international accreditations, deploying solutions in over 6 million vehicles worldwide. The company obtained 23 global accreditations, including ISO/SAE 21434 for automotive cybersecurity, enabling compliance with regulatory requirements and wider global deployment. ECARX collaborates with industry leaders to develop innovative automotive solutions and has successfully deployed Google Automotive Service for vehicle launches in overseas markets.
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ECARX Holdings Inc. (ECX) reported a 31% year-over-year increase in revenue for Q4 2023, with total revenue reaching RMB1,868.7 million. The company also narrowed its net loss significantly. The innovative digital cockpit solutions gained traction, leading to partnerships with global automotive OEMs. Despite a decrease in software license revenue, service revenue saw a 95% increase due to successful deliveries of Volvo EX30 and Polestar 4. While research and development expenses decreased, total cost of revenue and net loss also decreased. ECARX aims to improve operating efficiency to achieve profitability amidst growing business scale. Full-year 2023 results showed a 31% revenue increase, with total revenue at RMB4,666.1 million. Sales of goods revenue and service revenue also saw significant growth. Gross profit margin was 23% for Q4 2023 and 27% for the full year. Research and development expenses decreased, contributing to a lower net loss compared to 2022. Adjusted EBITDA loss improved in 2023. The company expanded its global customer base, secured multiple project wins, and launched new vehicles equipped with ECARX solutions.
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ECARX Develops Cloudpeak Software for Software-Defined Vehicles, Starting with Volvo EX30 Electric SUV
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ECARX Holdings Inc. (Nasdaq: ECX) announces the successful launch of its new office in Stuttgart, Germany, marking a significant milestone in the company's growth strategy. The new office will focus on providing cutting-edge infotainment, connectivity, and ADAS technology to European automotive OEMs, showcasing ECARX's commitment to customer excellence and tailored software solutions.
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ECARX Holdings, Inc. (Nasdaq: ECX) will report its financial results for Q4 and full year 2023 on February 28, 2024. The company will hold an earnings conference call to discuss the results and answer questions from analysts and investors.
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FAQ

What is the current stock price of ECARX Holdings (ECX)?

The current stock price of ECARX Holdings (ECX) is $1.93 as of December 20, 2024.

What is the market cap of ECARX Holdings (ECX)?

The market cap of ECARX Holdings (ECX) is approximately 614.2M.

What does ECARX Holdings Inc. do?

ECARX Holdings Inc. specializes in automotive technology, providing system-on-chip core modules, digital cockpits, vehicle chip-set solutions, and software stacks.

Where is ECARX Holdings Inc. headquartered?

ECARX Holdings Inc. is headquartered in Shanghai, China.

Who founded ECARX Holdings Inc.?

ECARX was founded by automotive entrepreneurs Ziyu Shen and Eric Li (Li Shufu).

What recent partnerships has ECARX Holdings Inc. announced?

ECARX recently announced a strategic partnership with China FAW Group Co., Ltd. to develop intelligent cockpits for the Hongqi brand of vehicles.

Which automotive brands use ECARX technology?

ECARX technology is used by brands such as Lotus, Lynk & Co, Polestar, Smart, and Volvo Cars.

How many employees does ECARX Holdings Inc. have?

ECARX Holdings Inc. has over 2,000 employees across 12 major global locations.

When was ECARX Holdings Inc. listed on the Nasdaq?

ECARX Holdings Inc. was listed on the Nasdaq in 2022.

What is ECARX's role in the Lynk & Co 07 EM-P sedan?

ECARX provides the full-stack solution for the digital cockpit and ADAS in the Lynk & Co 07 EM-P sedan.

Where can shareholders access ECARX's annual report?

Shareholders can access the annual report on ECARX's investor relations website or request a hard copy via email.

What is ECARX's mission in the automotive technology industry?

ECARX aims to enhance user experiences in vehicles by developing innovative, full-stack automotive computing platforms that reduce complexity and cost.

ECARX Holdings Inc.

Nasdaq:ECX

ECX Rankings

ECX Stock Data

614.20M
161.29M
62.92%
3.1%
0.06%
Auto Parts
Consumer Cyclical
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United States of America
Shanghai