Ecarx Holdings Stock Price, News & Analysis

ECARX Holdings (Nasdaq: ECX), a global mobility tech provider, has announced a significant expansion of its share repurchase program. The company's board of directors has approved an additional US$20 million in share repurchase authorization, effectively doubling the program's total authorization to US$40 million.

The share repurchase program, which was initially adopted on December 20, 2024, has also been extended. The new termination date is set for March 31, 2026, providing the company with an extended timeline to execute its buyback strategy.

ECARX (Nasdaq: ECX) announced that its Antora® 1000 Pro computing platform and Cloudpeak® software stack will power the newly launched Hongqi Tiangong 06 all-electric SUV. This represents the second vehicle launch under the strategic partnership with FAW Group, following their April 2024 agreement to develop next-generation intelligent cockpits for FAW's premium Hongqi brand.

The Tiangong 06 features a customized Hongqi FAW OS built on ECARX's Cloudpeak® and AutoGPT, aiming to set new industry standards for AI-driven intelligent cockpit experiences. This solution follows the successful implementation in the Tiangong 05 launched in February 2025 and is planned to be scaled across future Hongqi models, offering a cost-effective solution aligned with E/E architecture requirements.

ECARX (Nasdaq: ECX) has successfully completed its first public offering since its 2022 Nasdaq listing, raising USD 45 million through the sale of Class A Ordinary Shares. The funding will support the company's global expansion and enhance R&D, supply chain management, and manufacturing capabilities.

The mobility technology company reported strong performance in 2024, with an 18% year-on-year revenue increase and 33% growth in shipments. ECARX achieved breakeven EBITDA in Q4 2024 and projects positive EBITDA for full-year 2025. The company secured a new program from a global automaker in late 2024.

With current operations in Gothenburg, Stuttgart, San Diego, Kuala Lumpur, and London, ECARX plans to expand to Singapore. The company focuses on software-defined vehicle technology, offering solutions for intelligent cockpit features, assisted driving, and AI-enriched capabilities.

ECARX Holdings (Nasdaq: ECX) has completed an underwritten public offering of 25,000,000 Class A ordinary shares at US$1.80 per share. The company has granted underwriters a 30-day option to purchase up to an additional 3,750,000 ordinary shares.

The offering was conducted under ECARX's shelf registration statement on Form F-3, with Deutsche Bank AG, Hong Kong Branch and China International Capital Hong Kong Securities acting as underwriter representatives.

The net proceeds will be allocated towards three main areas:

• Research and development initiatives
• Establishment of overseas supply chain networks
• General corporate purposes

ECARX Holdings (Nasdaq: ECX) has announced the pricing of its underwritten public offering of 25,000,000 Class A ordinary shares at US$1.80 per share. The global mobility tech provider has granted underwriters a 30-day option to purchase up to an additional 3,750,000 shares.

The offering is being led by Deutsche Bank AG, Hong Kong Branch and China International Capital Hong Kong Securities as representatives of the underwriters. The shares are being offered under ECARX's shelf registration statement on Form F-3, which became effective on December 27, 2024.

The company plans to utilize the net proceeds for:

• Research and development initiatives
• Establishment of overseas supply chain networks
• General corporate purposes

ECARX Holdings (Nasdaq: ECX), a global mobility tech provider, has announced a public offering of 25,000,000 Class A ordinary shares with an additional 30-day option for underwriters to purchase up to 3,750,000 shares. The offering will be led by Deutsche Bank AG, Hong Kong Branch and China International Capital Hong Kong Securities as underwriter representatives.

The shares will be offered under ECARX's shelf registration statement on Form F-3, which received SEC approval on December 27, 2024. The company plans to utilize the proceeds for three main purposes:

• Research and development initiatives
• Establishment of overseas supply chain networks
• General corporate purposes

ECARX Holdings Inc. (Nasdaq: ECX), a global mobility tech provider, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission. The report is accessible on the company's investor relations website at www.ir.ecarxgroup.com.

Shareholders can request a free hard copy of the annual report containing audited consolidated financial statements by contacting the Investor Relations team at ir@ecarxgroup.com or through the company's Shanghai office.

ECARX Holdings (Nasdaq: ECX) showcased strong financial performance at its Investor Day 2025, highlighting key achievements and future outlook. The company reached EBITDA breakeven in Q4 2024 and projects positive EBITDA for full-year 2025.

Key financial metrics for 2024 include:

• Revenue growth of 18% YoY to RMB 5.6 billion
• Gross margin of 21%
• Record shipments of 2 million units (33% YoY increase)
• Q4 shipments of 700,000 units (10% QoQ growth)

The company expanded its global presence through a new partnership with Volkswagen Group for digital cockpit solutions in Brazil and India. ECARX's customer base now includes 18 automakers across 28 global brands. The company maintains R&D investment at 15-20% of total revenue and has established operations centers in London, Sweden, Germany, and the US, with plans for Singapore expansion.

ECARX Holdings (Nasdaq: ECX) reported strong Q4 and full year 2024 results, with total revenue reaching RMB5,561.3 million (US$761.9 million), up 18% year-over-year. The company achieved record-high total shipments of 2 million units in 2024, a 33% increase from 2023.

Q4 2024 highlights include:

• Revenue of RMB1,940.7 million (US$265.9 million), up 4% YoY
• Net loss significantly reduced to RMB39.5 million (US$5.3 million)
• First-time positive Adjusted EBITDA of RMB74.4 million

Key developments include securing a nomination from Volkswagen Group for multiple vehicles, launching the first overseas model with Antora 1000 computing platform (Galaxy EX5), and expanding their global customer base to 18 automakers across 28 brands. The company expects to reach full-year breakeven in 2025 and has announced a US$20 million share repurchase program.