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ECARX and Qualcomm Strengthen Relationship to Expand ECARX Product Portfolio Based on Snapdragon Cockpit Platforms
Globenewswire· 2025-04-29 11:00
Core Insights - ECARX and Qualcomm Technologies are enhancing their collaboration to develop innovative solutions for intelligent, software-defined vehicles (SDVs) [1][3][2] - The partnership aims to leverage ECARX's experience in hardware and software development, which has been applied in over 8.1 million vehicles globally, alongside Qualcomm's Snapdragon Cockpit Platform [1][5][2] - The collaboration focuses on accelerating the transition of automakers towards SDVs by integrating advanced technologies and fostering an open automotive intelligence ecosystem [3][2] 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 [4][5] - Founded in 2017 and listed on Nasdaq in 2022, ECARX has over 1,900 employees across 12 locations worldwide, with significant partnerships with major automakers like Volkswagen Group and FAW [5][4] - Qualcomm Technologies is a leader in automotive technologies, providing advanced system-on-chips (SoCs) and driving technological transformation in the automotive sector [2][6]
ECARX Partners with HERE Technologies to Launch Next-Gen In-Vehicle Navigation System
Newsfilter· 2025-04-22 11:00
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]
ECARX Unveils ECARXperience: Revolutionizing In-Vehicle Interaction with Adaptive AI-Powered Driving Experience
Globenewswire· 2025-04-14 11:10
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]
ECARX to Report First Quarter 2025 Financial Results on April 30, 2025
Globenewswire· 2025-04-14 11:00
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].
ECARX Powers Launch of Geely Galaxy Xingyao 8, Delivering Cutting-Edge Intelligent Cockpit and Driving Experience
Newsfilter· 2025-04-11 11:00
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]
ECARX Achieves Significant Milestone with Integration of Intelligent Cockpit, Driving, and Parking Capabilities into the Antora® 1000 SPB
Newsfilter· 2025-04-09 11:00
Core Insights - ECARX Holdings Inc. has achieved a significant milestone with the integration of intelligent cockpit, driving, and parking capabilities into its Antora® 1000 SPB central computing platform, marking a breakthrough in its R&D roadmap [1][2] - The Antora® 1000 SPB utilizes a 7nm SE1000 SoC, providing high-performance computing power of 100K DMIPS and 900G FLOPS, along with an 8 TOPS AI computing power NPU, enhancing intelligent driving functions [2][3] - The platform integrates L2 ADAS capabilities, improving driving safety with features such as automatic emergency braking, highway assist, and automatic lane change assist [2][3] Company Overview - ECARX is a global automotive technology provider, delivering turnkey solutions for next-generation smart vehicles, including 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 collaborates with notable automakers such as Volkswagen Group, FAW, and Dongfeng Peugeot-Citroën, with its products present in over 8.1 million vehicles globally [5]
ECARX Announces Upsizing and Extension of Share Repurchase Program
Newsfilter· 2025-04-08 11:00
Core Viewpoint - ECARX Holdings, Inc. has announced an additional US$20 million share repurchase authorization, increasing the total to US$40 million, with the program extended to March 31, 2026 [1] 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 [2] - 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 [3] - ECARX products are currently integrated into over 8.1 million vehicles worldwide [3]
ECARX Powers Launch of Hongqi Tiangong 06, Deepening Strategic Partnership with FAW Group
GlobeNewswire News Room· 2025-04-03 13:22
Core Insights - ECARX Holdings Inc. announced the launch of the Hongqi Tiangong 06 all-electric SUV, powered by its Antora® 1000 Pro computing platform and Cloudpeak® software stack, marking the second vehicle developed under a strategic partnership with FAW Group [1][2] - The Tiangong 06 features an AI-driven intelligent cockpit experience, similar to the successful Tiangong 05 launched in February 2025, indicating a scalable and cost-effective solution for future Hongqi models [2][3] - ECARX aims to enhance user experience in next-generation smart vehicles while reducing complexity and cost through its full-stack solutions [4] Company Overview - ECARX is a global automotive technology provider, established in 2017 and listed on Nasdaq in 2022, with over 1,900 employees across 12 locations worldwide [5] - The company has integrated its products into over 8.1 million vehicles globally, showcasing its significant market presence [5]
ECARX completes first market raise since 2022 Nasdaq listing; will use the funds to accelerate global expansion
Globenewswire· 2025-04-01 14:07
Core Insights - ECARX has successfully completed a public offering of new Class A Ordinary Shares, raising gross proceeds of USD 45 million, marking its first market raise since its Nasdaq listing in December 2022 [1][2] - The funds will be utilized to accelerate global expansion and enhance R&D, supply chain management, and manufacturing capabilities [3][4] - In 2024, ECARX reported an 18% year-on-year increase in revenue and a 33% year-on-year increase in shipments, achieving breakeven EBITDA in Q4 2024 and projecting positive EBITDA for the full year 2025 [4][5] Company Overview - Founded in 2017, ECARX is a global automotive technology provider with operations in multiple countries, including the UK, USA, Sweden, and Germany, and plans to expand further into Singapore [3][9] - The company focuses on developing full-stack solutions for next-generation smart vehicles, including system on a chip (SoC) and central computing platforms [8] - ECARX's products are currently integrated into over 8.1 million vehicles worldwide [9] Strategic Vision - The company aims to generate more than half of its revenue from global markets as it enters the next decade, emphasizing the importance of AI in shaping the future of mobility [6][7] - ECARX is positioned to meet the growing demand for AI-driven automotive solutions, including in-car voice agents and intelligent driving technologies [7]
ECARX Holdings Inc. Announces Completion of Offering of 25,000,000 Class A Ordinary Shares
Newsfilter· 2025-03-31 20:20
Core Viewpoint - ECARX Holdings Inc. has successfully completed a public offering of 25 million Class A ordinary shares at a price of $1.80 per share, with an option for underwriters to purchase an additional 3.75 million shares [1][2]. Company Overview - ECARX is a global automotive technology provider specializing in delivering comprehensive 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 employs over 1,900 people across 12 major locations worldwide, including China, the UK, the USA, Sweden, and Germany [6]. - The company is co-founded by Ziyu Shen and Eric Li, who is also the chairman of Zhejiang Geely Holding Group, which owns several global automotive brands [6]. - ECARX's products are currently integrated into over 8.1 million vehicles globally, collaborating with notable automakers such as Volkswagen Group, FAW, and Dongfeng Peugeot-Citroën [6]. Offering Details - The offering was conducted under the company's shelf registration statement on Form F-3, which was approved by the SEC on December 27, 2024 [3]. - The net proceeds from the offering will primarily be allocated to research and development initiatives, establishing overseas supply chain networks, and general corporate purposes [4].