ECARX Holdings reported unaudited first-quarter 2026 results with total revenue of US$131.5 million, down 22% year over year, as lower software license and service revenue offset relatively stable sales of goods. Gross profit was US$28.2 million with gross margin improving from 19.8% to 21.4% on pricing and product mix.
Net loss narrowed to US$11.0 million from US$27.2 million, helped by a sharp reduction in operating expenses and a US$14.2 million gain from equity method investments. Adjusted EBITDA turned positive at US$4.0 million versus a US$14.5 million loss a year earlier. R&D expenses fell 32% to US$23.5 million, and the company ended March 31, 2026 with total cash of US$70.1 million. ECARX reiterated full-year 2026 revenue guidance of US$1.0–US$1.1 billion and highlighted new partnerships, including May Mobility, and over 11 million vehicles globally using its technologies.
ECARX Holdings reported unaudited first-quarter 2026 results with total revenue of US$131.5 million, down 22% year over year, as lower software license and service revenue offset relatively stable sales of goods. Gross profit was US$28.2 million with gross margin improving from 19.8% to 21.4% on pricing and product mix.
Net loss narrowed to US$11.0 million from US$27.2 million, helped by a sharp reduction in operating expenses and a US$14.2 million gain from equity method investments. Adjusted EBITDA turned positive at US$4.0 million versus a US$14.5 million loss a year earlier. R&D expenses fell 32% to US$23.5 million, and the company ended March 31, 2026 with total cash of US$70.1 million. ECARX reiterated full-year 2026 revenue guidance of US$1.0–US$1.1 billion and highlighted new partnerships, including May Mobility, and over 11 million vehicles globally using its technologies.
ECARX Holdings Inc. filed a Form 6-K highlighting a strategic framework agreement with May Mobility to support an autonomous ride-hail fleet. ECARX is expected to develop high-performance L4 central computing platforms and a complete sensor suite for thousands of autonomy-enabled vehicles, with initial deployment targeted for next year and commercialization scale-up in 2028. The collaboration targets at least a 50% reduction in the all-in cost of May Mobility’s autonomous vehicles by 2028 and an estimated total project value of about US$750m over its duration, subject to definitive agreements and regulatory determinations.
ECARX Holdings Inc. filed a Form 6-K highlighting a strategic framework agreement with May Mobility to support an autonomous ride-hail fleet. ECARX is expected to develop high-performance L4 central computing platforms and a complete sensor suite for thousands of autonomy-enabled vehicles, with initial deployment targeted for next year and commercialization scale-up in 2028. The collaboration targets at least a 50% reduction in the all-in cost of May Mobility’s autonomous vehicles by 2028 and an estimated total project value of about US$750m over its duration, subject to definitive agreements and regulatory determinations.
ECARX Holdings Inc. has appointed Lone Fønss Schrøder as Chairperson of its Board of Directors, effective immediately, formally separating the roles of Chairperson and Chief Executive Officer. Ziyu Shen remains Chief Executive Officer and a Director, which the company highlights as a strengthening of its corporate governance framework.
Ms. Schrøder is a Danish executive with decades of leadership experience across automotive, technology, finance, logistics, and industrial sectors. Her background includes serving as Vice Chairperson of Volvo Cars during a major period of electrification and software transformation, and board roles at Ingka Holding B.V. (IKEA Group), Ikano Bank, GSHAB, companies within the Aker Group, and Geely Sweden Holdings.
The company notes that her expertise in corporate governance, global strategy, electrification, AI, and software-defined vehicles supports ECARX’s international ambitions, including a strategic goal of generating 50% of its revenue from global markets by 2030. ECARX describes itself as a global automotive technology provider with more than 1,400 employees in 13 locations and products in approximately 11 million vehicles worldwide.
ECARX Holdings Inc. has appointed Lone Fønss Schrøder as Chairperson of its Board of Directors, effective immediately, formally separating the roles of Chairperson and Chief Executive Officer. Ziyu Shen remains Chief Executive Officer and a Director, which the company highlights as a strengthening of its corporate governance framework.
Ms. Schrøder is a Danish executive with decades of leadership experience across automotive, technology, finance, logistics, and industrial sectors. Her background includes serving as Vice Chairperson of Volvo Cars during a major period of electrification and software transformation, and board roles at Ingka Holding B.V. (IKEA Group), Ikano Bank, GSHAB, companies within the Aker Group, and Geely Sweden Holdings.
The company notes that her expertise in corporate governance, global strategy, electrification, AI, and software-defined vehicles supports ECARX’s international ambitions, including a strategic goal of generating 50% of its revenue from global markets by 2030. ECARX describes itself as a global automotive technology provider with more than 1,400 employees in 13 locations and products in approximately 11 million vehicles worldwide.
ECARX Holdings Inc. announced that its board approved a preliminary plan to pursue the potential acquisition of a minority interest and certain intellectual property assets, particularly relating to FlyMe OS, from its Singapore-based affiliate DreamSmart Technology Pte. Ltd. and related entities.
The total consideration may combine cash with securities of ECARX and/or its subsidiaries, and the company may seek third-party debt financing to fund part of the transaction and costs. The planned acquisition is at an early, exploratory stage, subject to due diligence, negotiations, financing and board approvals, and there is no assurance a binding agreement or closing will occur.
ECARX Holdings Inc. announced that its board approved a preliminary plan to pursue the potential acquisition of a minority interest and certain intellectual property assets, particularly relating to FlyMe OS, from its Singapore-based affiliate DreamSmart Technology Pte. Ltd. and related entities.
The total consideration may combine cash with securities of ECARX and/or its subsidiaries, and the company may seek third-party debt financing to fund part of the transaction and costs. The planned acquisition is at an early, exploratory stage, subject to due diligence, negotiations, financing and board approvals, and there is no assurance a binding agreement or closing will occur.
ECARX Holdings Inc. files its annual report detailing a Cayman holding-company structure with operations mainly in China and 310,505,777 Class A and 45,960,916 Class B ordinary shares outstanding as of December 31, 2025.
The company reports net losses of US$143.9 million, US$137.8 million and US$68.9 million for 2023, 2024 and 2025, negative operating cash flows in all three years, and a US$339.8 million net current liability position, leading auditors to include a going-concern note.
Revenue is highly concentrated: sales to Geely Holding and its subsidiaries contributed 78.5%, 81.8% and 68.1% of total revenue over 2023–2025. ECARX describes extensive China-related legal and regulatory risks, including cybersecurity, data, foreign‑investment, CSRC filing and HFCAA-driven delisting risks, and notes it has not paid dividends and does not plan near‑term distributions.
ECARX Holdings Inc. Chief Executive Officer Shen Ziyu filed an initial ownership report showing indirect control of both Class A and Class B ordinary shares through Jie&Hao Holding Limited. The filing reports 3,000,000 Class A shares and 21,480,458 Class B shares held indirectly. Each Class A share carries one vote, while each Class B share carries ten votes, giving Shen substantial voting power over ECARX through Jie&Hao Holding Limited.
ECARX Holdings Inc. Chief Executive Officer Shen Ziyu filed an initial ownership report showing indirect control of both Class A and Class B ordinary shares through Jie&Hao Holding Limited. The filing reports 3,000,000 Class A shares and 21,480,458 Class B shares held indirectly. Each Class A share carries one vote, while each Class B share carries ten votes, giving Shen substantial voting power over ECARX through Jie&Hao Holding Limited.
ECARX Holdings Inc. director Heng Jun Hong filed an initial statement of beneficial ownership. The filing lists direct holdings of 279,564 Class A Ordinary Shares and warrants exercisable for 124,028 Class A Ordinary Shares at an exercise price of $11.50 per share, expiring on December 20, 2027. It also shows indirect holdings through Absolute Bond Limited of 1,030,956 Class A Ordinary Shares and warrants exercisable for 3,797,216 Class A Ordinary Shares on the same terms. A footnote explains that Absolute Bond Limited is managed by Press Room LLC, for which Heng Jun Hong is the manager, and that he disclaims ownership of the shares and warrants held by Absolute Bond Limited.
ECARX Holdings Inc. director ZHANG XINGSHENG filed an initial ownership report showing vested share options granted under the company’s incentive plans. The options allow him to buy Class A ordinary shares at an exercise price of $0.5000 per share, with tranches covering 46,952, 123,362 and 101,266 underlying shares expiring between 2033 and 2035. All of these options were fully vested as of the date of this Form 3.
ECARX Holdings Inc. director ZHANG XINGSHENG filed an initial ownership report showing vested share options granted under the company’s incentive plans. The options allow him to buy Class A ordinary shares at an exercise price of $0.5000 per share, with tranches covering 46,952, 123,362 and 101,266 underlying shares expiring between 2033 and 2035. All of these options were fully vested as of the date of this Form 3.
ECARX Holdings Inc. director Grace Hui Tang filed an initial ownership report listing vested stock options, rather than new trades. She holds share options over 46,952, 123,362 and 101,266 underlying Class A Ordinary Shares, each with an exercise price of $0.5000 and expirations in 2033, 2034 and 2035. All of these options were granted under the company’s share incentive plans and are fully vested as of this Form 3, showing her existing potential ownership position.
ECARX Holdings Inc. director Grace Hui Tang filed an initial ownership report listing vested stock options, rather than new trades. She holds share options over 46,952, 123,362 and 101,266 underlying Class A Ordinary Shares, each with an exercise price of $0.5000 and expirations in 2033, 2034 and 2035. All of these options were granted under the company’s share incentive plans and are fully vested as of this Form 3, showing her existing potential ownership position.
ECARX Holdings Inc. director Schroeder Lone Foenss has filed an initial statement of beneficial ownership on Form 3. The filing lists no reportable transactions, no common stock holdings, and no derivative securities positions, indicating a baseline disclosure of insider status without any trading activity.
ECARX Holdings Inc. director Schroeder Lone Foenss has filed an initial statement of beneficial ownership on Form 3. The filing lists no reportable transactions, no common stock holdings, and no derivative securities positions, indicating a baseline disclosure of insider status without any trading activity.