Group 1 - Alibaba plans to spin off its subsidiary, Zebra Network Technology Co., Ltd., and list it independently on the Hong Kong Stock Exchange [1] - After the spin-off, Alibaba will retain over 30% ownership of Zebra [1] - The spin-off aims to allow Zebra to reflect an independent valuation, attract more specific sector investors, and enhance its independent image and market flexibility [1] Group 2 - Deutsche Bank, CICC, and Guotai Junan International are acting as joint sponsors for the listing [1]

Core Viewpoint - Foresight Autonomous Holdings Ltd. plans to conduct a reverse share split at a ratio of 1-for-7, effective on August 24, 2025, on the Tel-Aviv Stock Exchange and August 25, 2025, on the Nasdaq Capital Market [1][2]. Company Overview - Foresight Autonomous Holdings Ltd. is a technology company focused on developing advanced 3D perception systems and cellular-based applications [5]. - The company operates through subsidiaries including Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd., and Eye-Net Mobile Ltd., which develop both "in-line-of-sight" vision systems and "beyond-line-of-sight" accident-prevention solutions [5]. Reverse Share Split Details - The reverse share split will not change the existing ratio of ordinary shares represented by the Company's American Depositary Shares (ADSs) [2]. - Following the reverse share split, the ADS price is expected to increase proportionally, although there is no assurance that the post-split price will match the expected proportionate increase [2]. - The reverse share split aims to help the company maintain compliance with Nasdaq listing requirements, though success in this goal is not guaranteed [2]. Shareholder Impact - The reverse share split will not affect any shareholder's percentage ownership or voting power [4]. - No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [4]. Product and Market Applications - Foresight's 3D perception systems include automatic calibration modules and dense 3D point clouds applicable in various markets such as automotive, defense, autonomous driving, agriculture, heavy industrial equipment, and unmanned aerial vehicles (UAVs) [6]. - Eye-Net Mobile focuses on developing next-generation vehicle-to-everything (V2X) collision prevention solutions, enhancing road safety and situational awareness through AI technology and existing cellular networks [7].

BURLINGTON, Mass., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today announced the integration of its industry-leading Audio AI suite into HARMAN's AudioworX, a comprehensive tool and functionality suite that provides a high-quality development process for automotive audio products. This collaboration brings together Cerence AI's expertise in automotive audio solutions with HARMAN's innovative audio fram ...

Core Insights - Luminar Technologies reported a second-quarter adjusted loss of $1.49 per share, missing the Street estimate of $1.18 [1] - Quarterly revenue was $15.63 million, falling short of the consensus estimate of $17.27 million [1] Financial Performance - Revenue for the second quarter was $15.6 million, down 5% year-over-year and 17% quarter-over-quarter [6] - Gross loss for the second quarter was $10.8 million on a non-GAAP basis [6] - Non-GAAP net loss for the second quarter was $73.1 million, equating to $1.49 per share [6] - Operating expenses for the second quarter were $47 million on a non-GAAP basis [6] - Cash and marketable securities at the end of the second quarter totaled $107.6 million [6] Strategic Actions - The CEO stated that the company is taking decisive steps to fulfill customer commitments and focus on near-term revenue and profit opportunities beyond automotive markets [3] - The company is streamlining operations by exiting non-core areas and concentrating on key operational milestones [4] Outlook - Luminar has lowered its full-year sales guidance from a previous range of $82.93 million to $90.47 million to a new range of $67 million to $74 million, compared to the analyst estimate of $86.32 million [4]

Core Viewpoint - Garrett Motion Inc. successfully repriced its existing $690 million term loan, reducing interest rates and enhancing its financial position, which reflects lender confidence in the company's long-term strategy [1][2]. Company Overview - Garrett Motion Inc. is a differentiated technology leader with a 70-year history in the automotive sector, focusing on innovation in turbocharging and reducing engine size, fuel consumption, and CO2 emissions [3]. - The company is expanding its technology solutions for Zero Emission Vehicles, including fuel cell compressors for hydrogen fuel cell vehicles and systems for battery electric vehicles [3]. - Garrett operates six R&D centers, 13 manufacturing sites, and employs over 9,000 people across more than 20 countries [3].

Q3 FY25 Performance - Total revenue decreased to $62.2 million, compared to $70.5 million in Q3 FY24[5] - Gross margin increased to 73.7% from 71.5% in Q3 FY24[5] - Net loss improved to $(2.7) million from $(313.5) million in Q3 FY24[5] - Adjusted EBITDA decreased to $9.0 million from $12.5 million in Q3 FY24[5] - Cash provided by operating activities significantly increased to $48.4 million from $11.1 million in Q3 FY24[5] - Cash balance & marketable securities decreased to $73.7 million from $121.5 million in Q3 FY24[5] Revenue Details - Variable license revenue increased to $34.2 million in Q3 FY25[7] - Pro forma royalties increased to $43.2 million in Q3 FY25[9] - Adjusted Total Billings TTM increased by 3.5% to $226 million[12] Key Performance Indicators - Cerence technology is present in 52% of worldwide auto production (TTM)[12] - Approximately 12 million units shipped with Cerence technology in Q3, a 2.5% YoY increase[12] - Connected attach rate increased to 31% from 27% a year ago[12] - Average PPU on a TTM basis increased to $4.91 from $4.47 a year ago[12] Fiscal Q4 and FY25 Guidance - Q4FY25 revenue is projected to be between $53 million and $58 million[13] - FY25 revenue is projected to be between $244 million and $249 million[13]

ECARX (Nasdaq: ECX) is a global automotive technology provider with capabilities to deliver turnkey solutions for next-generation smart vehicles, from the system on a chip (SoC), to central computing platforms, and software. As automakers develop new electric vehicle architectures from the ground up, ECARX is developing full-stack solutions to enhance the user experience, while reducing complexity and cost. Founded in 2017 and listed on the Nasdaq in 2022, ECARX now has around 1,800 employees based in 12 ma ...

SHANGHAI, July 30, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the "Company"), a global mobility technology provider, showcased its AI-driven intelligent cockpit and driving solutions at the 2025 World Artificial Intelligence Conference (WAIC) in Shanghai. ECARX demonstrated how its cutting-edge Antora series computing platform and latest AI-powered solutions are keeping global automakers at the forefront of technological advancement, underscoring its leadership in driving the era ...

Core Insights - Xperi reported Q2 2025 results with non-GAAP revenue of $105.9 million, missing estimates by $10 million, and non-GAAP EPS of $0.11, two cents below consensus [1][2] - The company lowered its full-year guidance for revenue and margins due to a challenging macroeconomic environment [1][13] Financial Performance - Non-GAAP revenue decreased by 11.5% year-over-year from $119.6 million in Q2 2024 [2] - Non-GAAP EPS fell by 8.3% from $0.12 in Q2 2024 [2] - Non-GAAP operating income increased to $8.8 million, up 6.0% from $8.3 million in Q2 2024 [2] - Non-GAAP net income declined by 14.3% year-over-year to $4.8 million [2] - Adjusted EBITDA rose to $15.2 million, a 4.1% increase from $14.6 million in the previous year, with an adjusted EBITDA margin improvement to 14.4% from 12.2% [2][8] Business Overview - Xperi operates at the intersection of entertainment and technology, focusing on software platforms for Smart TVs and connected cars, with brands like TiVo and DTS [3][4] - The company aims to expand its independent media platform and DTS AutoStage infotainment system, emphasizing user growth and monetization through advertising and subscriptions [4][5] User and Device Growth - TiVo One's monthly active users increased from 2.5 million to 3.7 million, on track to exceed the goal of 5 million by the end of FY2025 [5] - DTS AutoStage expanded to 12 million vehicles, up from 11 million, with new partnerships with major automotive brands [6] Strategic Focus - Xperi's strategy includes developing technology platforms for partners, allowing them to monetize content and advertising effectively [9] - The TiVo One Advertising Platform is crucial for attracting advertising revenue, although specific financial metrics were not disclosed this quarter [10] Outlook and Guidance - Management revised FY2025 revenue guidance to $440–460 million from $480–500 million, citing increased uncertainty in the macroeconomic environment [13] - Non-GAAP adjusted EBITDA margin guidance was also lowered to a range of 15% to 17% [13]

Core Insights - Robofinity has launched the InsightDrive Car Thermal Night Vision system, which enhances road safety by providing superior visibility in challenging conditions such as darkness, glare, and fog [1][3][4] Technology Overview - Traditional night vision systems rely on visible light and often fail in adverse conditions, while Robofinity's system uses heat detection to identify pedestrians, animals, and vehicles even in zero visibility [3][4][6] - The InsightDrive system can detect objects up to 200 meters away, significantly outperforming standard halogen high beams, which only illuminate 80-120 meters ahead [5][6] - The AI component of InsightDrive boasts a 95% accuracy rate in object recognition, allowing for early hazard detection [9] Market Need - Traffic accidents claim 1.35 million lives annually, with 30%-40% occurring at night, highlighting the urgent need for improved night-time driving safety solutions [4] - Robofinity InsightDrive is positioned as an essential safety technology for vehicles by 2025, akin to airbags and seat belts [13][14] User Benefits - The system is designed for everyday drivers, enhancing safety during commutes by identifying hazards before they are visible [10] - For professional drivers, InsightDrive acts as a digital co-pilot, reducing fatigue-related accidents and improving job safety [10] - Adventurers benefit from the system's ability to detect dangers in remote areas, even on moonless nights [11] Installation and Accessibility - Robofinity InsightDrive is easy to install, requiring no tools or professional assistance, making it accessible for a wide range of vehicles including sedans, SUVs, and trucks [13][15] - The product is priced at $519, making it an affordable option for enhancing vehicle safety [15]