SHANGHAI, July 28, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the "Company"), a global mobility technology provider, today announced that its Cloudpeak® cross-domain software stack is powering the global launch of the Volvo EX30 Cross Country compact electric SUV, which began sales in China on July 17, 2025 following its European launch in February 2025. This release contains statements that are forward-looking statements within the meaning of the U.S. Private Securities Litigati ...

Core Insights - ECARX Holdings Inc. has signed a strategic cooperation agreement with Monolithic Power Systems, focusing on automotive intelligence and robotics, aiming to establish a global supply chain and intelligent industrial ecosystem [1][2] - The partnership will enhance product adaptation, validation, and system optimization, reducing development cycles and accelerating time-to-market for customers [2] - MPS will leverage its global R&D and engineering support to help ECARX build a resilient supply chain and accelerate product rollout, supporting ECARX's global expansion strategy [2][4] Company Overview - ECARX is a global automotive technology provider delivering turnkey 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 has over 1,800 employees across 12 locations and its products are present in over 8.7 million vehicles worldwide [6] Partner Overview - Monolithic Power Systems, founded in 1997, specializes in high-performance semiconductor-based power electronics solutions, focusing on reducing energy and material consumption [7] - MPS is recognized for its deep system-level knowledge, semiconductor expertise, and innovative technologies, enabling reliable and energy-efficient solutions across various sectors [3][7]

SHANGHAI, July 21, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the "Company"), a global mobility technology provider, today announced that it has received ISO9001 (Quality Management Systems), ISO14001 (Environmental Management Systems), and ISO45001 (Occupational Health & Safety) certifications, covering the entire life cycle from designs to sales of intelligent cockpit and intelligent driving solutions. This underscores ECARX's commitment to and long-term investment in developin ...

Core Viewpoint - ECARX Holdings Inc. has entered into a global strategic partnership with Samsung Group to enhance the commercialization of automotive intelligence technologies and create a sustainable open technology ecosystem [1][2] Group 1: Partnership Details - The partnership aims to leverage the complementary strengths of both companies in technological innovation and engineering [2] - Focus areas include the integration of Samsung's advanced technologies, such as next-generation displays and high-speed memory, into ECARX's product offerings [2] - The collaboration will develop intelligent solutions for vehicles, smartphones, wearables, robots, and other connected devices, diversifying ECARX's applications beyond automotive intelligence [2] Group 2: Achievements and Innovations - ECARX and Samsung have successfully integrated Samsung's display products into multiple intelligent cockpit systems for automotive clients [3] - The companies have pioneered the integration of automotive-grade LPDDR5 memory in ECARX's Antora® computing platform and Skyland® intelligent driving solution, which are deployed in various vehicles globally [3] Group 3: Strategic Vision - Ziyu Shen, Chairman and CEO of ECARX, emphasized that deepening the partnership with Samsung is a significant milestone in the company's global strategy, providing opportunities for new growth drivers [4] - The strategy aims to enhance the product matrix of integrated, cost-effective solutions for the automotive market while also tapping into robotics and AI applications [4] Group 4: Company Overview - ECARX is a global automotive technology provider specializing in turnkey 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 has over 1,800 employees across 12 major locations and its products are present in over 8.7 million vehicles worldwide [6]

Core Viewpoint - Mercedes-Benz is actively working to enhance its smart technology capabilities by partnering with Geely's subsidiaries, Yika Tong and Meizu, to integrate the Flyme Auto system into its vehicles, starting with the long-wheelbase E-Class model set to launch in 2027 [3][4][10]. Group 1: Partnership and Product Development - Mercedes-Benz has collaborated with Yika Tong and Meizu to incorporate the Flyme Auto system into its vehicles, indicating a strategic move to address its shortcomings in smart technology [3][10]. - The first model to feature Flyme Auto will be the long-wheelbase E-Class, with expectations for its release in 2027 [4]. - Yika Tong, a subsidiary of Geely, focuses on creating a comprehensive automotive platform and has expanded its offerings to include smart driving and core components [6][7]. Group 2: Market Performance and Strategy - Mercedes-Benz's sales in China have been declining, with a nearly 7% drop in cumulative new car deliveries in 2024 and a 14% decline in the first half of the year [12]. - The partnership with Yika Tong and Meizu aims to halt this downward trend by enhancing the smart features of its vehicles [10][12]. - Flyme Auto has previously improved the user experience for Geely vehicles, suggesting potential benefits for Mercedes-Benz in terms of customer satisfaction and sales [13][14]. Group 3: Technological Advancements - Flyme Auto, launched in March 2023, features advanced capabilities such as a 7nm chip, seamless connectivity, and a user-friendly interface that integrates mobile and automotive functions [13][14]. - The upcoming Flyme Auto 2.0 version will further optimize AI and design aspects, enhancing the overall user experience [15]. - Mercedes-Benz's current vehicle lineup includes the third-generation MBUX system, which has been upgraded with new features to improve user interaction and navigation [18][19]. Group 4: Future Outlook - Mercedes-Benz plans to launch the new electric CLA in 2025, which will feature the new MB.OS operating system, aimed at improving update frequency and integrating advanced AI capabilities [21][22]. - The collaboration with local suppliers like Yika Tong and Meizu reflects Mercedes-Benz's strategy to adapt to the rapidly evolving smart technology landscape in China [26]. - The success of these partnerships will depend on the timely implementation of new technologies and meeting the high expectations of consumers accustomed to advanced smart features from domestic brands [27][28].

Core Insights - Mercedes is collaborating with Geely's subsidiaries, Yikaton and Meizu, to integrate the Flyme Auto system into its vehicles, starting with the long-wheelbase E-Class set to launch in 2027, aiming to enhance its smart technology capabilities in the Chinese market [1][2][5] Group 1: Collaboration and Product Development - The first model to feature Flyme Auto was the Lynk & Co 08 EM-P, launched in 2023, which has contributed to improving sales and brand reputation for Geely [2][3] - Flyme Auto has been adopted in 23 Geely models as of May 2023, with total sales exceeding 1.16 million units by mid-June 2023 [4][5] - The partnership with Geely is a strategic move for Mercedes to maintain competitiveness in the fuel vehicle segment in China, where it has faced declining sales [5][6] Group 2: Market Performance and Challenges - Mercedes reported a nearly 7% year-on-year decline in new car deliveries in China for 2024, with a 14% drop in the first half of the year [3][6] - The collaboration with local suppliers like Meizu and Yikaton is part of Mercedes' strategy to adapt to the rapidly evolving smart technology landscape in China [10] - The upcoming MB.OS system, set to launch in 2025, aims to enhance the user experience with features like continuous updates and advanced AI capabilities, but current fuel models cannot support this system [7][9] Group 3: Technological Advancements - Flyme Auto features a 7nm chip, supporting seamless integration of mobile and automotive functions, which is a significant upgrade for Mercedes' existing systems [3][8] - The third-generation MBUX system in current Mercedes models includes advanced features like a voice assistant with improved response times and enhanced navigation capabilities tailored for the Chinese market [6][8] - The collaboration with local tech firms is seen as a necessary step for Mercedes to keep pace with domestic brands that are rapidly advancing in smart vehicle technology [10]

Core Insights - ECARX Holdings Inc. has released a white paper detailing the integration of Google Automotive Services (GAS) into its infotainment systems for Volvo EX30 and Polestar 4 vehicles, highlighting a significant reduction in integration time [1][2][7] Group 1: Google Automotive Services Integration - GAS is built on Android Automotive OS and provides essential services like Google Maps, Google Play Store, and Google Assistant, enhancing in-vehicle experiences [2][3] - The integration process typically requires 12-18 months for GAS certification, but ECARX has managed to halve this time through a proactive, test-driven approach [4][5] - The first GAS certification for the Volvo EX30 was completed in 10 months, while the second for the Polestar 4 was achieved in just 8 months [7] Group 2: Technical Innovations - ECARX utilized a dedicated "test farm" to run over 1.6 million automatic test cases, allowing for rapid identification and resolution of issues [6] - The integration of the xTS suite into CI/CD pipelines enabled immediate detection of potential regressions, streamlining the certification process [6] Group 3: Company Overview - ECARX is a global automotive technology provider, offering full-stack solutions for next-generation smart vehicles, including system on a chip (SoC) and central computing platforms [10] - Founded in 2017 and listed on Nasdaq in 2022, ECARX employs over 1,800 people across 12 locations worldwide and has products in over 8.7 million vehicles [11]

Investment Rating - The report assigns a "Strong Buy" rating to the company with a target price of $2.51 [2][8]. Core Viewpoints - The company is positioned as a global leader in automotive intelligence solutions, leveraging its strong ties with Geely and expanding its customer base internationally. The report highlights three main investment highlights: deep integration of group and industry resources, outstanding software capabilities adaptable for global markets, and the development of third-party automotive partnerships and overseas growth [7][30][31]. Financial Performance - The company is projected to achieve total revenue of $5.561 billion in 2024, with a year-on-year growth rate of 18.3%. By 2027, revenue is expected to reach $9.334 billion, reflecting a growth rate of 24.1% [3][32]. - The adjusted EBITDA is forecasted to improve from -$2.11 billion in 2025 to $3.35 billion in 2027, indicating a potential turning point towards profitability [3][9]. - The company reported a total net loss of $932 million in 2024, which is expected to narrow to $172 million by 2027 [3][37]. Business Overview - The company, established in 2017, focuses on providing comprehensive intelligent automotive solutions, including hardware and software systems. It has developed a full-stack automotive computing platform and has expanded its client base beyond Geely to include major global automotive brands [7][14][23]. - The company has successfully integrated its products into over 8.7 million vehicles globally, with a significant increase in shipment volume of 81% year-on-year in Q1 2025 [7][27]. Industry Development - The report notes a deepening penetration of cockpit and intelligent driving domain controllers, with a trend towards integrated cockpit-driving solutions, particularly in mid-range vehicles [11][30]. - The competitive landscape is characterized by intense competition in cockpit domain controllers, while the company has achieved a leading position in intelligent driving domain controllers [11][30]. Investment Highlights - The company has established a competitive barrier through the integration of group resources and the development of a comprehensive "chip-software-vehicle" capability [8][30]. - Its proprietary Cloudpeak cross-domain software platform has been successfully deployed in the Volvo EX30 model, enhancing its international competitiveness [7][30]. - The company is leveraging its Geely customer base to develop partnerships with third-party automakers and expand into overseas markets, with notable success in Australia and New Zealand [7][30][31].

Core Insights - ECX has announced a collaboration with a leading global technology company to provide core perception solutions for its smart lawn mower business, aiming for mass production by 2026 [2] - This partnership marks ECX's entry into the promising field of embodied intelligence, creating a new strategic growth area beyond automotive intelligence [2] - The collaboration will utilize ECX's solid-state 3D LiDAR technology as the core environmental perception sensor for the smart robot, enhancing autonomous navigation, obstacle avoidance, and task execution capabilities [2] Company Statements - The CEO of ECX emphasized the significance of this collaboration, highlighting it as a validation of the company's industry-leading position and competitiveness in LiDAR products [3] - The CEO expressed optimism about forming a new growth trajectory based on innovation and indicated plans to collaborate with more cross-industry technology partners to advance LiDAR technology and product optimization [3] - ECX aims to leverage its LiDAR solutions and R&D capabilities to contribute to the ongoing development of the embodied intelligence sector as application scenarios diversify [3]

Core Insights - ECARX Holdings Inc. has entered a partnership with a leading robotic lawn mower developer to integrate its lidar technology, marking a strategic move to diversify beyond the automotive intelligence sector [1][5] - The robotics market is seen as a natural extension of ECARX's sensor technology expertise, allowing the company to leverage its automotive R&D investments in high-growth sectors [2][4] - ECARX's proprietary solid-state 3D short-range lidar is designed for high-precision environmental perception, crucial for autonomous robot operations [3] Company Strategy - The partnership aims to validate the application of ECARX's technologies beyond automotive, with plans for global mass production of integrated solutions in 2026 [1][5] - ECARX's approach includes extending its ecosystem to robotics applications, similar to its existing partnerships with 18 automakers across 28 global brands [4] - The company is committed to expanding its presence in robotics and AI sectors through collaborations with industry partners [5] Technology Overview - ECARX's lidar operates at a 905nm wavelength, featuring no mechanical components, which enhances reliability and performance [3] - The lidar system includes a customized large-array addressing VCSEL light source with a 60-meter detection range and a high-resolution SPAD sensor for precise environmental mapping [3] Market Potential - The integration of AI and robotics is accelerating, driven by increased investments from global tech leaders, indicating a shift from concept to real-world applications [2] - This evolution is expected to create a scalable industry with vast market potential, positioning ECARX favorably within the robotics sector [2]