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Overview of ECARX Holdings
ECARX Holdings (ECX) is a global automotive technology provider specializing in advanced automotive computing platforms and digital cockpit solutions. The company develops integrated system-on-chip core modules, infotainment head units, digital cockpits, and comprehensive software stacks, positioning itself as a major player in automotive intelligence and next-generation mobility. With a unique blend of hardware and software expertise, ECARX continuously innovates to deliver turnkey solutions for smart vehicles, addressing the complexity and cost challenges associated with modern automotive electronic architectures.
Core Business Areas and Products
At its core, ECARX focuses on creating and integrating critical automotive components that enhance the in-car experience. Its product portfolio includes:
- Infotainment Head Units and Digital Cockpits: Advanced display and interaction systems designed to provide drivers with a seamless and immersive digital experience.
- System-On-Chip (SoC) Core Modules: High-performance processors that power central computing platforms within vehicles.
- Integrated Software Stacks: Proprietary digital operating systems and software architectures that support connectivity, intelligent design, and enhanced user interactions.
- Full-Stack Automotive Computing Platforms: Comprehensive solutions from hardware design to software integration, tailored to evolving vehicle architectures.
Industry Position and Strategic Partnerships
ECARX's robust partnerships with globally recognized automotive brands such as Volvo, FAW, Geely, and others underline its position as a critical technology partner in the automotive sector. Its collaboration with industry leaders has enabled the integration of its platforms into millions of vehicles, underscoring the company's influence on the overall smart mobility ecosystem. The strategic alignment with key players, combined with a focus on rapid deployment and scalability, ensures that its solutions remain at the forefront of the competitive landscape.
Technology and Innovation
The company continually refines its digital solutions by investing in research and development across multiple geographies. Its in-house developed operating system, computing platforms, and modular software stacks are designed to enhance vehicle intelligence, improve user experience, and reduce system complexity. The emphasis on full-stack integration—from the chip level to comprehensive automotive computing—demonstrates ECARX's technical depth and commitment to delivering efficient, scalable, and cost-effective solutions for smart vehicles.
Commitment to Quality and R&D
With extensive R&D capabilities, ECARX remains focused on technological advancement and innovation in the rapidly evolving automotive market. The company’s approach involves extensive collaboration with automakers to create customized solutions that harmonize hardware and software elements. This commitment not only helps overcome the challenges of modern vehicle design but also supports continued growth in serving global automotive needs.
Conclusion
In summary, ECARX Holdings is a pivotal entity in the automotive technology sphere, delivering state-of-the-art computing platforms and digital solutions that redefine the driving experience. Its comprehensive suite of products, strategic global partnerships, and relentless pursuit of innovation equip automakers with the tools to build smarter, more integrated, and cost-effective vehicles suitable for today’s dynamic market conditions.
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.
ECARX (Nasdaq: ECX) announced the integration of its Skyland® Pro intelligent driving solution into Geely's G-Pilot unified intelligent driving system. The solution will be implemented across all future Geely Galaxy brand vehicles, including the newly launched Galaxy E8 sedan.
Skyland® Pro offers automakers a high-performance, cost-effective ADAS solution featuring automated parking assistance and highway autopilot capabilities. The system has already been successfully deployed in the Lynk & Co 08 EM-P (2023) and Lynk & Co 07 EM-P (2024), with combined sales exceeding 160,000 units.
The Lynk & Co 08 EM-P achieved high C-NCAP safety ratings, demonstrating ECARX's commitment to safety in intelligent driving systems. The company positions Skyland® Pro to capitalize on growing market demand for ADAS and vehicle intelligence solutions.
ECARX Holdings (Nasdaq: ECX) has secured a significant contract with Volkswagen Group to provide digital cockpit solutions for Volkswagen and Skoda vehicles globally. The partnership involves implementing ECARX's Antora® 1000 computing platform and Cloudpeak® software architecture.
The solution features the fourth-generation Antora® 1000 platform, powered by SiEngine's 7nm SE1000 System-on-Chip. The Cloudpeak® software platform, based on Android Automotive OS and Linux, supports various services including Google Maps, Google Assistant, Google Play store, Android Auto, and Apple CarPlay integration.
Initial vehicle launches are planned for Brazil and India markets, with potential for expansion. The partnership marks a strategic advancement for ECARX in global automotive technology, delivering intelligent cockpit solutions for Volkswagen and Skoda-branded vehicles.
ECARX Holdings (Nasdaq: ECX) has announced the integration of GigaAI's DriveDreamer World Model into its AutoGPT in-vehicle AI system. This strategic enhancement aims to improve autonomous driving development and intelligent cockpit experiences.
DriveDreamer enhances autonomous driving by:
- Generating diverse virtual driving scenarios, including rare edge cases
- Reducing physical road testing requirements
- Automating scenario-specific data generation
- Improving algorithm iteration speed
The integration enables AutoGPT to analyze multiple sensory inputs (sound, light, temperature, driver movements) to automatically adjust vehicle settings like ambient lighting, seat configurations, and climate controls, delivering a predictive and personalized cockpit experience.
ECARX Holdings announced that its automotive solutions helped Geely achieve record-breaking sales of 266,737 vehicles in January 2025. This follows Geely's successful 2024, where it surpassed its annual target with 2.17 million vehicles sold.
ECARX's solutions are implemented across various Geely brands, including Geely Galaxy and Lynk & Co, focusing on vehicle intelligence and user experience enhancement. The company's computing platforms - Antora, Makalu, and Venado - power different Geely models, offering scalable and cost-effective solutions for rapid integration.
The Antora platform powers models like Geely Galaxy E5 and Lynk & Co Z20, while Makalu supports premium vehicles such as Lynk & Co Z10. The Venado platform drives models including Geely Galaxy Starship 7 EM-i and Galaxy L6 EM-i.
ECARX Holdings (Nasdaq: ECX), a global mobility tech provider, has announced it will release its fourth quarter and full year 2024 financial results on Tuesday, March 11, 2025, before U.S. market opening. The company will host an earnings conference call and webcast at 8:00 a.m. U.S. ET on the same day.
Management will discuss financial results and take questions from analysts and institutional investors during the call. Participants are advised to register at least 15 minutes before the call. Audio replay and presentation materials will be available on ECARX's investor relations website after the event.
ECARX Holdings (Nasdaq: ECX) announced the debut of its first jointly developed intelligent cockpit with FAW Group in the Hongqi Tiangong 05 all-electric sedan, launched in January. This implementation marks a significant milestone in their strategic partnership formed in April 2024.
The intelligent cockpit features ECARX's Antora 1000 Pro computing platform, integrated with customized Hongqi FAW OS, ECARX Cloudpeak, and the upgraded ECARX AutoGPT with DeepSeek-R1 integration. The solution, developed through combined R&D efforts, creates an end-to-end value chain for intelligent cockpit development, from software and hardware design to system integration.
The system will be scaled across future Hongqi models, offering a cost-effective solution aligned with evolving E/E architecture.
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.
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