Core Viewpoint - Garrett Motion Inc. is set to release its first quarter financial results on May 01, 2025, before the U.S. market opens [1] Financial Results Announcement - The financial results will be announced prior to market opening on May 01, 2025 [1] - A conference call will be held on the same day at 8:30 am EDT / 2:30 pm CET to discuss the results [2] Conference Call Details - Participants can join the conference call by dialing +1-877-883-0383 (U.S.) or +1-412-902-6506 (international) with passcode 2829687 [2] - The conference call will be webcast and include a slide presentation, accessible via the Investor Relations section of Garrett's website [3] - A replay of the conference call will be available through specific dialing options and access codes [3] Company Overview - Garrett Motion Inc. has a 70-year history in automotive technology, focusing on turbocharging and reducing engine size, fuel consumption, and CO2 emissions [4] - The company is developing technology solutions for Zero Emission Vehicles, including fuel cell compressors and electric propulsion systems [4] - Garrett operates five R&D centers, 13 manufacturing facilities, and employs over 9,000 people across more than 20 countries [4]

Core Viewpoint - The article highlights the significant achievements of ECARX in the automotive intelligence sector, emphasizing its global expansion and profitability goals for 2025, alongside its technological advancements and partnerships with major automotive brands [2][4][5]. Group 1: Financial Performance and Goals - ECARX aims to achieve sustained profitability by 2025, having reported a profitable fourth quarter in 2024 with a total shipment volume of over 2 million units, marking a 33% year-on-year increase [2][4]. - The company has empowered 8.1 million vehicles globally with its technology products, showcasing its rapid growth and financial health within just eight years of establishment [2][4]. Group 2: Technological Advancements - ECARX's technological product matrix has become a robust ecosystem that meets global market demands, attracting partnerships with leading automotive brands like FAW Hongqi and Volkswagen [4][9]. - The Antora series computing platform and the Cloudpeak software platform have been pivotal in the successful launch of multiple models, including the FAW Hongqi Tian Gong series [9][11]. Group 3: Global Expansion Strategy - The company has established a global presence with operations in 12 countries, including Malaysia, Sweden, and Germany, and has expanded its OEM customer base to 18 automotive manufacturers [22][20]. - ECARX's strategy includes collaborating with global automotive leaders to enhance its market position and adapt to diverse delivery requirements and compliance challenges [4][20]. Group 4: Market Position and Future Outlook - The successful partnerships and technological capabilities position ECARX as a potential leader in the global automotive intelligence supply chain, similar to the trajectory of CATL in the battery sector [23][26]. - The company’s focus on AI models and high-performance computing platforms indicates a clear path for future growth and innovation in the automotive intelligence market [13][26].

Financial Data and Key Metrics Changes - Revenue for Q4 2024 was RMB1.9 billion, an increase of 4% year-over-year and 36% sequentially [29] - Full year total revenue reached RMB5.6 billion, up 18% year-over-year; gross profit was RMB1.2 billion, down 9% year-over-year, with gross margins at 20.8% [34] - The company achieved breakeven at the EBITDA level during Q4 2024, with adjusted EBITDA gains of RMB74 million, a significant improvement from a loss of RMB236 million in the same period last year [33][34] Business Line Data and Key Metrics Changes - Sales of goods revenue for Q4 2024 was RMB1.5 billion, up 16% year-over-year, driven by demand for computing platforms like Antora and Makalu, which accounted for approximately 29% of sales of goods revenue [29] - Software license revenue was RMB90 million, a decrease of 3% year-over-year, while service revenue was RMB326 million, down 31% year-over-year but up 102% sequentially [30] Market Data and Key Metrics Changes - Global vehicle sales grew by approximately 2% in 2024 to 91 million, with China’s passenger vehicle sales increasing 6% to 28 million, primarily driven by NEVs [8] - ECARX technology was incorporated in over 8.1 million vehicles on the road by the end of 2024, with total shipments reaching a record high of 2 million, up 33% year-over-year [11] Company Strategy and Development Direction - The company aims to strengthen its position as a leading provider of intelligent solutions for automakers, focusing on software-defined vehicles and expanding its portfolio of cost-effective solutions [7] - A USD 20 million share repurchase program was announced, reflecting confidence in future growth prospects [15] - The company plans to further improve operational efficiency and product costs, focusing on procurement, supply chain, and manufacturing strategies [36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about achieving positive EBITDA for the full year 2025, emphasizing the importance of cash flow and financial health for global expansion [53] - The company is aware of pricing pressures in the industry but is focused on optimizing costs and improving operational efficiency to maintain margins [32][60] Other Important Information - The company secured a new project with Volkswagen Group, expanding its global customer base to 18 automakers across 28 brands [12] - The company has a robust intellectual property portfolio with 692 registered patents and 723 patent pending applications globally as of December 31, 2024 [24] Q&A Session Summary Question: Could you share the company's global production capacity layout and how you expect to pace the implementation of global orders in the coming years - The company ramped up manufacturing capabilities in China and plans to use contract manufacturing partners globally to expand production capacity [44] Question: What's your current plan for ADAS or AD products, which clients are you working with - The company is investing in the Skyline Pro product and working with various clients, including Geely, to enhance its ADAS offerings [45][46] Question: Can the management share some color or guidance for revenue, gross margin, and also the breakeven point of 2025 - The main priority for 2025 is achieving breakeven, with revenue growth being secondary [52][53] Question: Can you provide a revenue breakdown by clients for '24, and maybe share your outlook for your current mix for the next 5 years to 10 years - In 2024, nearly 80% of revenue came from Geely and related businesses, with plans to diversify further in the coming years [83] Question: Do we see any impact on our business with Lincoln Co, given their merger into Zeker - The company does not expect significant impact and continues to maintain a strong partnership with Lincoln Co [86] Question: Is the Galaxy E8 using our Pikes computing platform - The Galaxy E8 uses the Flyme Auto software, but the hardware is from another supplier; however, the company provided the Skyline ADAS system for the vehicle [88]

Financial Highlights - Q4 2024 revenue reached RMB 19407 million, a 4% year-over-year increase[13, 51] - FY24 revenue totaled RMB 56 billion, up 18% year-over-year[13] - Q4 2024 gross profit was RMB 411 million, with a gross margin of 21%[13, 53] - FY24 gross profit amounted to RMB 1154 million, with a gross margin of 21%[13] - Q4 2024 adjusted EBITDA was RMB 744 million, resulting in an adjusted EBITDA margin of 4%[55, 70] - Q4 2024 net loss was RMB 395 million, representing a net margin of -2%[57, 67] - FY24 net loss was RMB 9899 million[67] Operational Metrics - ECARX products are integrated into over 81 million vehicles as of December 31, 2024[13] - The company serves 18 OEMs across 28 vehicle brands as of December 31, 2024[13] - Geely Geome E02 achieved cumulative shipments of over 21 million as of December 31, 2024[38] Product and Technology - ECARX has a major presence across three continents with R&D centers and operation centers[17, 18, 21, 22] - ECARX Cloudpeak software solution offers customizable cross-domain software development solutions[27] - ECARX is developing AI solutions including AI Voice, AI Scene Engine, and ADAS Copilot[31]

Core Viewpoint - Gauzy Ltd. has received an exemption renewal from the FMCSA, allowing the company to replace traditional mirrors on public transit buses with its Smart-Vision camera monitor system across all 50 states, pending state approvals, which could lead to retrofitting over 900,000 buses in the U.S. [1][2][4] Group 1: Company Developments - The FMCSA approval positions Gauzy to accelerate the adoption of advanced driver assistance systems (ADAS) in commercial vehicles throughout the U.S. [4] - Gauzy's Smart-Vision CMS is already operational on approximately 300 public buses in the U.S., with ongoing efforts to retrofit existing buses and outfit new ones [5] - The company has demonstrated the effectiveness of its Smart-Vision system in international markets, equipping over 2,500 buses in London, covering about 30% of the market [6] Group 2: Strategic Partnerships - Luminator Technology Group, a strategic partner of Gauzy and the largest distributor of its Smart-Vision CMS in North America, is positioned to leverage the FMCSA approval to enhance safety in mobility [2][7] - The partnership aims to significantly increase the number of buses equipped with Gauzy's ADAS nationwide, contributing to safer urban environments [7] Group 3: Market Potential - With over 900,000 licensed buses in the U.S. that can be retrofitted with the Smart-Vision system, Gauzy has the potential to generate a substantial new revenue stream [2] - The extension of the FMCSA exemption is seen as a strategic win for Gauzy, enabling growth in its Safety Tech division and expanding implementation across various markets [3]