Company Overview - ECARX Holdings, Inc. is a global mobility tech provider specializing in automotive technology solutions for next-generation smart vehicles [3] - The company was founded in 2017 and went public on Nasdaq in 2022, currently employing over 2,000 people across 11 major locations worldwide [4] - ECARX's co-founders include Ziyu Shen and Eric Li, the latter being the founder and chairman of Zhejiang Geely Holding Group, which has interests in several global automotive brands [4] Financial Results Announcement - ECARX will report its financial results for the fourth quarter and full year ended December 31, 2023, on February 28, 2024, before the U.S. market opens [1] - An earnings conference call will be held on the same day at 8:00 am EST, where management will discuss the results and answer questions from analysts and institutional investors [1][2] Product and Market Position - ECARX develops full-stack solutions that enhance user experience while reducing complexity and cost for electric vehicle architectures [3] - The company's products are currently integrated into over 5.6 million vehicles globally, indicating a significant market presence [4]

LONDON, Jan. 05, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), a global mobility tech provider, today announced the appointment of Mr. Tan Su as a director of the Company, effective on January 5, 2024, to replace Mr. Zhenyu Li, who has tendered his resignation as a director of the Company effective on the same day due to personal reasons. Mr. Su has served as general manager of Baidu's Apollo Intelligent Automobile Department since 2023 and is fully responsible for th ...

SHANGHAI, China, Dec. 28, 2023 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX"), a global mobility technology provider, today announced that pursuant to a shareholders' agreement dated November 16, 2023, a joint venture has been established between ECARX and smart, the new-premium intelligent all-electric auto brand, through their respective subsidiaries. The joint venture, smart (Zhejiang) Software Technology Co., Ltd. ("smart Software Technology"), aims to drive the development of industry-l ...

SHANGHAI, China, Dec. 22, 2023 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX"), a global mobility technology provider, today announced that it has signed a new strategic partnership agreement with Black Sesame Technologies ("Black Sesame"), a leading automotive-grade SoC and SoC-based intelligent vehicle solution provider. Building upon strong track record of cooperation, ECARX and Black Sesame will collaborate closely to integrate their respective research and development, product, and techn ...

ECARX Holdings Inc. (NASDAQ:ECX) Q3 2023 Earnings Conference Call November 9, 2023 8:00 AM ET Company Participants Renee Du - Head of Investor Relations Ziyu Shen - Co-Founder, Chairman & Chief Executive Officer Peter Cirino - Chief Operating Officer Phil Zhou - Chief Financial Officer Conference Call Participants Derek Soderberg - Cantor Fitzgerald Renee Du Good morning and welcome to our Third Quarter 2023 Earnings Conference Call. With me today are ECARX Chairman and Chief Executive Officer; Ziyu Shen, C ...

ECARX Holdings Inc. (NASDAQ:ECX) Q2 2023 Earnings Conference Call August 9, 2023 8:00 AM ET Company Participants Adam Kay - Head of IR Ziyu Shen - Co-Founder, Chairman and CEO Peter Cirino - COO Phil Zhou - CFO Conference Call Participants Derek Soderberg - Cantor Fitzgerald Shelley Wang - Morgan Stanley Xiaoyi Lei - Jefferies Poe Fratt - Alliance Global Partners Adam Kay Good morning, and welcome to our second quarter 2023 earnings conference call. With me today are ECARX Chairman, Chief Executive Office ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2023 Commission File Number: 001-41576 ECARX Holdings Inc. (Translation of registrant's name into English) ECARX office, 2nd Floor South, International House 1 St. Katharine's Way London E1W 1UN United Kingdom (Address of principal executive office) Indicate by check mark whether the registrant file ...

ECARX Holdings Inc. (NASDAQ:ECX) Q1 2023 Earnings Conference Call June 12, 2023 8:00 AM ET Company Participants Adam Kay - Head of IR Ziyu Shen - Co-Founder, Chairman and CEO Peter Cirino - COO Ramesh Narasimhan - CFO Conference Call Participants George Gianarikas - Canaccord Genuity Yuqian Ding - HSBC Ying Si - CICC Derek Soderberg - Cantor Fitzgerald Shelley Wang - Morgan Stanley Xiaoyi Lei - Jefferies Suji Desilva - ROTH Capital Adam Kay Good morning, everyone, and welcome to our First Quarter 2023 ...

Company Structure and Operations - ECARX Holdings is a Cayman Islands holding company, with operations conducted through PRC subsidiaries, which involves unique risks for investors[20]. - ECARX Holdings relies on cash transfers from subsidiaries for financing, which are subject to internal approval processes and regulatory restrictions[30]. - The company has transferred personal data processing rights to Zhejiang Huanfu Technology Co., Ltd. to comply with PRC data security regulations[28]. Financial Performance - ECARX Holdings reported consolidated revenues of RMB 3,557,137 thousand for the fiscal year ended December 31, 2022, a decrease from RMB 2,779,063 thousand in 2021[41]. - The gross profit for ECARX Holdings in 2022 was RMB 990,496 thousand, compared to RMB 817,193 thousand in 2021, indicating an increase in gross profit margin[41]. - Operating expenses for ECARX Holdings totaled RMB 2,456,779 thousand in 2022, up from RMB 1,798,878 thousand in 2021, reflecting a significant increase in operational costs[41]. - The net loss for ECARX Holdings in 2022 was RMB 1,541,209 thousand, compared to a net loss of RMB 1,180,881 thousand in 2021, indicating a worsening financial position[41]. - The comprehensive loss for ECARX Holdings in 2022 was RMB 1,933,143 thousand, reflecting the overall financial challenges faced by the company[41]. Investments and Loans - In 2021, ECARX Holdings made advances totaling $478.5 million to ECARX Technology Limited and provided loans of $11.0 million to subsidiaries[31]. - In 2022, ECARX Holdings made advances of $50.9 million to ECARX Technology Limited and loans of $35.0 million to ECARX (Hubei) Tech Co., Ltd.[31]. - The company reported a share of loss from subsidiaries and consolidated VIEs amounting to RMB 1,486,141 thousand in 2022, highlighting challenges in its investments[41]. Regulatory Environment - The PRC government has intensified control over overseas capital raising by mainland China-based issuers, which may affect future operations[27]. - The PCAOB has regained the ability to inspect registered public accounting firms in mainland China and Hong Kong, reducing the risk of being identified as a Commission-Identified Issuer under the HFCAA[24]. - The company is closely monitoring regulatory developments that may impose additional restrictions on its business practices[127]. Cash Flow and Financing Activities - Net cash generated from operating activities was a negative RMB 22,893 thousand, compared to a negative RMB 22,741 thousand in the previous year[52]. - Net cash used in investing activities amounted to RMB 734,299 thousand, a significant increase from RMB 3,121,321 thousand in the previous year[52]. - Cash and cash equivalents stood at RMB 119,022 thousands as of December 31, 2022, a decline from RMB 618,032 thousands in the previous year[48]. - The company reported a cash contribution from redeemable non-controlling shareholders of RMB 10,000 thousand[52]. Market and Competitive Landscape - The automotive intelligence industry is highly competitive, and the company may face challenges in maintaining its market position[58]. - The automotive intelligence market is characterized by rapidly changing technologies and intense competition, which may adversely affect the company's financial condition and results of operations[70]. - The company is facing a global chip shortage that could materially and adversely affect production and delivery levels[72]. Risks and Challenges - The company has faced challenges due to the COVID-19 pandemic, which may continue to impact operations[58]. - The company may face significant costs and operational disruptions due to potential intellectual property infringement claims, which could adversely affect its financial condition and results[156]. - The company is vulnerable to natural disasters and geopolitical uncertainties that could disrupt operations and adversely affect financial performance[149][150]. Labor and Compliance - Increased labor costs and stricter labor laws in China are expected to negatively impact the company's profitability and operational results[217]. - The company must adhere to minimum wage regulations and statutory employee benefits, including pensions and medical insurance, which could increase operational costs[218]. - Compliance with the PRC Labor Contract Law imposes limitations on terminating employees and changing labor practices, potentially affecting business outcomes[218]. Intellectual Property and Data Security - As of December 31, 2022, the company had 464 registered patents and 883 pending patent applications globally, indicating a strong focus on intellectual property development[161]. - The company relies on a combination of patent, copyright, trademark, and trade secret laws to protect its intellectual property, but enforcement challenges exist, particularly in mainland China[159]. - Cybersecurity and data protection regulations are evolving, and any breaches could result in legal liabilities and harm to the company's reputation[112].

Exhibit 99.1 ECARX Announces Fourth Quarter and Full Year 2022 Financial Results ● FY 2022 revenue up 28% YoY to $515.7 million; Q4 2022 revenue up 44% YoY to $221.4 million at constant currency ● FY 2022 gross profit up 21% YoY to $143.6 million; Q4 2022 gross profit up 30% YoY to $62.0 million at constant currency ● Expect revenue growth of approximately 38% YoY for FY 2023; adjusted EBITDA breakeven by end of FY 2024 London, April 24, 2023 – ECARX Holdings, Inc. (Nasdaq: ECX) ("ECARX"), a global mobility ...