SHANGHAI, May 16, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, announced the debut of its EXP01 processor built on the RISC-V architecture at the RISC-V Summit Europe 2025 which was held from May 12-15, 2025, in Paris. Alongside this technical breakthrough, ECARX also outlined its roadmap for the next-generation MCU, deepened technical collaborations with the RISC-V ecosystem, and reaffirmed its commitment to accelerating RISC-V adop ...

ECARX Holdings (ECX) Q1 2025 Earnings Call April 30, 2025 08:00 AM ET Company Participants Rene Du - Head of IRZiyu Shen - CEO & ChairmanPeter Cirino - Chief Operating OfficerPhil Zhou - Chief Financial OfficerBin Wang - VP - Investment Banking Conference Call Participants Dan Lin Ren - Equity AnalystKatherine Zhang - AnalystTony Shen - Technology AnalystDerek Soderberg - Director, Senior Equity Research Analyst Operator Good day, thank you for joining us. Welcome to the EcarX First Quarter twenty twenty fi ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 reached RMB 1.2 billion, a 30% increase year over year [19] - Sales of goods revenue was RMB 879 million, up 16% year over year [19] - Gross profit for the quarter was RMB 243 million, up 19% year over year, resulting in a gross margin of 19.8% [20][21] - Adjusted EBITDA loss improved significantly compared to a loss of RMB 224 million during the same period last year [21][22] Business Line Data and Key Metrics Changes - Shipments surged to 684,000 units, a 35.8% increase year over year [6][10] - Software license revenue increased by 148% year over year, driven by higher demand and a one-time contract [20] - Service revenue rose to RMB 157 million, up 49% year over year, primarily due to design and development contracts [20] Market Data and Key Metrics Changes - Global vehicle sales fell by 5.6% year over year, while the China market grew by 12.9% year over year [5] - The company serves 18 OEMs across 28 brands globally, indicating a growing scale and trust from global automakers [10] Company Strategy and Development Direction - The company aims to capitalize on the growing demand for intelligent solutions in the automotive industry, focusing on innovative product offerings and strategic global partnerships [4][5] - Plans to establish a global supply chain center and engineering center in Singapore to enhance international operations and support global customers [17][53] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capturing opportunities as the automotive industry transitions to software-defined intelligent vehicles [18] - The company highlighted a robust pipeline of new projects and ongoing global expansion, with a positive outlook for 2025 [9][18] Other Important Information - The company achieved a significant milestone with the successful integration of intelligent driving and parking capabilities into its Antora platform [15] - The company has expanded its intellectual property portfolio to 705 registered patents and 778 pending applications as of March 31, 2025 [16] Q&A Session Summary Question: Update on Skyline's recent orders and profitability - Management reported good orders for Skyline in Q1, with fair market gross margins and confidence in maintaining goals for the product line [30] Question: Additional pressure for annual cost down - Management indicated that they are competitive in the China market and have achieved yearly cost reductions from OEM customers [31] Question: Involvement in the Cheney Hong Han H3 program - Management stated they are close partners with GD and are engaged in the ADAS roadmap, but did not provide specific details on the H3 program [32] Question: New business within automakers for SPV - Management confirmed a partnership with Volkswagen Group and highlighted strong performance from GD's product lines [37] Question: Impact of US tariffs on supply and chip supply - Management acknowledged significant challenges from US tariffs but noted that they use contract manufacturing, which mitigates the impact [41][70] Question: Outlook for partnerships with international OEMs - Management sees strong interest from global automakers and highlighted ongoing collaborations, particularly with Volkswagen for launches in Brazil and India [49][50] Question: Establishment of supply chain and engineering center in Singapore - Management elaborated on plans for the Singapore center to enhance global supply chain activities and support international markets [53][54] Question: Integration of driving and cabin features - Management confirmed that the Antora platform is designed for integration of cockpit and ADAS features, with ongoing interest from customers [60] Question: Sustainable demand for Geely Galaxy - Management expressed optimism about sustained demand for Geely Galaxy models, supported by strong market performance [62]

This presentation contains translations of certain Renminbi (RMB) amounts into U.S dollars (US$) at a specified rate solely for the convenience of the reader. Unless otherwise noted, the translation of RMB into US$ has been made at RMB7.2567 to US$1.00, the noon buying rate in effect on March 31, 2025 as set forth in the H.10 Statistical Release of The Board of Governors of the Federal Reserve System. We make no representation that any Renminbi or U.S. dollar amounts could have been, or could be, converted ...

Core Viewpoint - ECARX Holdings Inc. reported strong financial performance in Q1 2025, with a 30% year-over-year revenue growth and a significant narrowing of operating losses, indicating effective execution of its strategic vision in the automotive technology sector [2][3]. Financial Performance - Total revenue for Q1 2025 was RMB 1,222.4 million (US$ 168.5 million), representing a 30% increase year-over-year [3]. - Sales of goods revenue reached RMB 879.2 million (US$ 121.2 million), up 16% year-over-year, driven by increased sales volume of automotive computing platform products [3]. - Software license revenue surged by 148% year-over-year to RMB 186.6 million (US$ 25.7 million), primarily due to heightened demand for operating software licenses [3]. - Service revenue increased by 49% year-over-year to RMB 156.6 million (US$ 21.6 million), attributed to growth in design and development contracts [3]. - Gross profit was RMB 242.5 million (US$ 33.5 million), with a gross margin of 20%, down from 22% in the same period last year [3]. - Net loss for the quarter was RMB 196.9 million (US$ 27.0 million), a significant reduction from RMB 304.0 million in Q1 2024 [9][24]. Business Developments - Shipments of ECARX technology reached 684,000 units in Q1 2025, bringing the total to over 8.7 million vehicles on the road [2][9]. - The company secured 8 new project wins under Geely's foundational E/E architecture, enhancing its position in the automotive market [9]. - ECARX introduced the ECARXperience, an advanced generative in-vehicle HMI system powered by its proprietary AutoGPT AI model [9]. Technological Advancements - The integration of intelligent cockpit, driving, and parking capabilities into the Antora® 1000 SPB has been successfully completed, with road testing already passed [9]. - The company partnered with HERE Technologies to launch a next-generation in-vehicle navigation system for global automakers [9]. Global Expansion - Plans are underway to establish a global supply chain center and an international engineering center in Singapore [9]. - The company raised US$ 45 million through its first public offering since listing, aimed at accelerating global expansion [2].

SHANGHAI, April 29, 2025 (GLOBE NEWSWIRE) -- ECARX (Nasdaq: ECX), ("ECARX" or the "Company"), a global automotive technology provider, announced a new phase of its collaboration with Qualcomm Technologies, Inc. Building on their long-term relationship, the two companies will leverage ECARX's extensive experience in full-stack hardware and software development—successfully applied in over 8.1 million vehicles globally—and multiple generations of the Snapdragon® Cockpit Platform from Qualcomm Technologies, to ...

Core Viewpoint - ECARX Holdings Inc. has announced a strategic partnership with HERE Technologies to co-develop an AI-powered in-vehicle navigation system aimed at global automakers, set to debut at Auto Shanghai 2025 [1][2][4] Company Overview - ECARX is a global automotive technology provider specializing in full-stack solutions for next-generation smart vehicles, including system on a chip (SoC) and central computing platforms [5] - Founded in 2017 and listed on Nasdaq in 2022, ECARX employs over 1,900 people across 12 major locations worldwide [6] - The company has partnerships with notable automakers such as Volkswagen Group, FAW, and Dongfeng Peugeot-Citroën, with its products present in over 8.1 million vehicles globally [6] Partnership Details - The collaboration combines HERE's advanced navigation platform with ECARX's full-stack solutions to create a navigation system that meets the evolving needs of automakers [2][4] - The new navigation system is designed for multi-scenario adaptability, high data accuracy, and robust technical performance, supporting high-precision mapping and real-time navigation [3][4] Technical Features - The jointly developed navigation system will utilize HERE's SDK and global location data, allowing automakers to reduce development cycles and ensure compliance with international data regulations [2][4] - The system aims to provide a plug-and-play global navigation development framework for automakers, facilitating faster market entry for new navigation solutions [4]

Core Insights - ECARX Holdings Inc. has launched ECARXperience, an advanced generative in-vehicle HMI system powered by AutoGPT AI, aimed at transforming the driving experience through a dynamic interface that evolves in real-time to meet driver needs [1][2] Company Overview - ECARX is a global automotive technology provider that offers turnkey solutions for next-generation smart vehicles, including system on a chip (SoC), central computing platforms, and software [4] - Founded in 2017 and listed on Nasdaq in 2022, ECARX has over 1,900 employees across 12 major locations worldwide, including China, the UK, the USA, Sweden, and Germany [5] - The company was co-founded by Ziyu Shen and Eric Li, with ownership interests in global automotive brands such as Lotus, Lynk & Co, and Volvo Cars [5] Product Features - ECARXperience enhances driver and passenger interaction by providing an adaptive interface that adjusts in real-time based on driving conditions and user preferences, improving safety and comfort [2] - The system includes features like fatigue detection, child monitoring, and tailored route recommendations, integrating navigation and advanced driver assistance into a cohesive interface [2] - Emotionally intelligent virtual assistants within ECARXperience interpret voice tone and gestures, facilitating natural interactions that prioritize user needs [2] Strategic Vision - The Chairman and CEO of ECARX, Ziyu Shen, emphasized that ECARXperience is designed to scale across various models and brands, enabling automakers to offer personalized driving experiences in a competitive market [3] - The integration of ECARXperience into the broader technology solutions matrix is part of the company's long-term R&D roadmap, aimed at helping global vehicle brands stay at the forefront of technological advancements [3]

Core Viewpoint - ECARX Holdings, Inc. will report its financial results for Q1 2025 on April 30, 2025, before the U.S. market opens, followed by an earnings conference call for analysts and institutional investors [1]. Financial Reporting - The earnings conference call is scheduled for April 30, 2025, at 8:00 a.m. U.S. ET, and will be accessible via a live audio webcast [2]. - Participants are encouraged to join at least 15 minutes early to ensure a timely connection, with audio replay information available on the company's investor relations website [3]. Company Overview - ECARX is a global automotive technology provider specializing in turnkey solutions for next-generation smart vehicles, including system on a chip (SoC), central computing platforms, and software [4]. - Founded in 2017 and listed on Nasdaq in 2022, ECARX employs over 1,900 people across 12 major locations in China, the UK, the USA, Sweden, and Germany [5]. - The company was co-founded by Ziyu Shen and Eric Li, who is also the chairman of Zhejiang Geely Holding Group, which has ownership interests in several global automotive brands [5]. - ECARX collaborates with notable automakers such as Volkswagen Group, FAW, and Dongfeng Peugeot-Citroën, with its products present in over 8.1 million vehicles worldwide [5].

Core Insights - ECARX Holdings Inc. announced that its full-stack solution will power the Geely Galaxy Xingyao 8 PHEV sedan, which began pre-sales on April 10, 2025 [1] - The company's advanced technologies provide automotive intelligence and user-centric functionality, enabling automakers to differentiate their offerings in a competitive market [2] - ECARX's full-stack solution is designed to align with evolving E/E architectures and the industry's shift towards software-defined vehicles, addressing the demand for scalable and cost-effective technologies [3] Company Performance - The Galaxy Xingyao 8 is the first Geely vehicle to integrate ECARX's three platforms, showcasing the potential of its technologies to redefine luxury, interaction, and safety [4] - The Galaxy brand experienced significant growth, with over 90,000 units sold in March 2025, marking an increase of over 290% year-over-year [4] - ECARX is focused on empowering automakers to accelerate market entry while delivering cutting-edge features that set new benchmarks for intelligent driving [4] Company Overview - ECARX is a global automotive technology provider that delivers turnkey solutions for next-generation smart vehicles, including system on a chip (SoC), central computing platforms, and software [5] - Founded in 2017 and listed on Nasdaq in 2022, ECARX has over 1,900 employees across 12 major locations worldwide [6] - The company collaborates with various well-known automakers, including Volkswagen Group, FAW, and Dongfeng Peugeot-Citroën, with its products present in over 8.1 million vehicles globally [6]