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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.

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ECARX Holdings Inc. selected by DPCA to supply Intelligent Cockpit 2.0 products for three major vehicle launches this year.
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ECARX Holdings, Inc. reported financial results for Q2 2023, with total revenue of RMB952.3 million ($131.4 million), up 45% YoY. Sales of goods revenue increased by 87% YoY, driven by new digital cockpit sales volumes. Software license revenue increased by 212% YoY due to intellectual property licenses. Service revenue decreased by 36% YoY. Gross profit was RMB297.6 million ($41.1 million), up 3% YoY, with a gross margin of 31%. The net loss improved by 31% YoY to RMB191.8 million ($26.5 million). Total cash was RMB925.4 million ($127.6 million) as of June 30, 2023.
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ECARX Holdings has appointed Phil Jing Zhou as its new chief financial officer, effective immediately. Zhou has over 20 years of experience in finance and business operations in the IT industry. He previously held senior management positions at Alibaba Cloud Intelligent Group, Microsoft Greater China, and Amazon Web Services Greater China. The company's CEO expressed confidence in Zhou's abilities and thanked the outgoing CFO for his support during the company's listing on Nasdaq.
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ECARX Holdings, Inc. (Nasdaq: ECX) will report its Q2 2023 financial results on August 9, 2023. An earnings conference call will be held to discuss the results and answer questions from analysts and investors.
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ECARX Holdings, Inc. (Nasdaq: ECX) announces participation in upcoming investor conferences in May and June.
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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