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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 announced that its Antora 1000 computing platform will be used in Geely's new Galaxy E5 SUV, which debuted today. The platform, which features the 7nm SE1000 SoC, offers 100K DMIPS computing power and 900G FLOPS graphics rendering capability. It integrates digital cockpit and parking capabilities, ensuring a cost-effective high-quality in-car experience and seamless connectivity with Flyme Auto. This integration helps reduce material costs without compromising safety or efficiency. CEO Ziyu Shen highlighted the growing demand for ECARX’s solutions and the important role of partnerships in driving technological innovation.
ECARX Holdings announced the commencement of deliveries for the Lynk & Co 07 EM-P sedan in China, starting on May 17, 2024. The vehicle features ECARX's advanced digital cockpit and ADAS solutions, including Antora® 1000 Pro, Skyland Pro, and Flyme Auto. Unveiled at the Beijing Auto Show in April 2024, the 07 EM-P received over 10,000 orders. Combined orders for the 07 EM-P and the previously launched 08 EM-P exceeded 7,800 units over the Chinese Labor Day holiday. ECARX's solutions are designed to reduce costs while enhancing safety and efficiency, and Flyme Auto ensures seamless smartphone integration. ECARX plans to expand these technologies globally with potential integrations with Google Automotive Services.
ECARX Holdings (Nasdaq: ECX) reported its unaudited Q1 2024 financial results, showing a 21% YoY revenue growth to RMB927.9 million (US$128.5 million). Sales of goods revenue surged 27%, driven by new digital cockpit programs and ADCU sales. However, software license revenue fell 26%, while service revenue increased by 39%. Despite higher revenues, gross profit declined by 2% due to a decrease in gross margin to 22%, attributed to a penetration pricing strategy and changes in revenue mix. Net loss widened to RMB302.2 million (US$42.0 million), and adjusted EBITDA loss increased to RMB222.0 million (US$30.8 million). The company strengthened global partnerships, expanded its customer base, and launched new products, including computing platforms and LiDAR technologies, but faced higher R&D and administrative expenses.
ECARX Holdings Inc. (Nasdaq: ECX) announced the launch of intelligent driving and safety features for its Skyland Pro platform, improving the driving experience. The update includes L2+ assisted driving and parking features, advanced safety features, and future plans for urban driving. The company aims to reduce engineering costs for automakers and stay ahead in technological advancements.
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