Financial Data and Key Metrics Changes - Total revenue for Q1 2025 reached RMB 1.2 billion, a 30% increase year over year [19] - Sales of goods revenue was RMB 879 million, up 16% year over year [19] - Gross profit for the quarter was RMB 243 million, up 19% year over year, resulting in a gross margin of 19.8% [20][21] - Adjusted EBITDA loss improved significantly compared to a loss of RMB 224 million during the same period last year [21][22] Business Line Data and Key Metrics Changes - Shipments surged to 684,000 units, a 35.8% increase year over year [6][10] - Software license revenue increased by 148% year over year, driven by higher demand and a one-time contract [20] - Service revenue rose to RMB 157 million, up 49% year over year, primarily due to design and development contracts [20] Market Data and Key Metrics Changes - Global vehicle sales fell by 5.6% year over year, while the China market grew by 12.9% year over year [5] - The company serves 18 OEMs across 28 brands globally, indicating a growing scale and trust from global automakers [10] Company Strategy and Development Direction - The company aims to capitalize on the growing demand for intelligent solutions in the automotive industry, focusing on innovative product offerings and strategic global partnerships [4][5] - Plans to establish a global supply chain center and engineering center in Singapore to enhance international operations and support global customers [17][53] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capturing opportunities as the automotive industry transitions to software-defined intelligent vehicles [18] - The company highlighted a robust pipeline of new projects and ongoing global expansion, with a positive outlook for 2025 [9][18] Other Important Information - The company achieved a significant milestone with the successful integration of intelligent driving and parking capabilities into its Antora platform [15] - The company has expanded its intellectual property portfolio to 705 registered patents and 778 pending applications as of March 31, 2025 [16] Q&A Session Summary Question: Update on Skyline's recent orders and profitability - Management reported good orders for Skyline in Q1, with fair market gross margins and confidence in maintaining goals for the product line [30] Question: Additional pressure for annual cost down - Management indicated that they are competitive in the China market and have achieved yearly cost reductions from OEM customers [31] Question: Involvement in the Cheney Hong Han H3 program - Management stated they are close partners with GD and are engaged in the ADAS roadmap, but did not provide specific details on the H3 program [32] Question: New business within automakers for SPV - Management confirmed a partnership with Volkswagen Group and highlighted strong performance from GD's product lines [37] Question: Impact of US tariffs on supply and chip supply - Management acknowledged significant challenges from US tariffs but noted that they use contract manufacturing, which mitigates the impact [41][70] Question: Outlook for partnerships with international OEMs - Management sees strong interest from global automakers and highlighted ongoing collaborations, particularly with Volkswagen for launches in Brazil and India [49][50] Question: Establishment of supply chain and engineering center in Singapore - Management elaborated on plans for the Singapore center to enhance global supply chain activities and support international markets [53][54] Question: Integration of driving and cabin features - Management confirmed that the Antora platform is designed for integration of cockpit and ADAS features, with ongoing interest from customers [60] Question: Sustainable demand for Geely Galaxy - Management expressed optimism about sustained demand for Geely Galaxy models, supported by strong market performance [62]

This presentation contains translations of certain Renminbi (RMB) amounts into U.S dollars (US$) at a specified rate solely for the convenience of the reader. Unless otherwise noted, the translation of RMB into US$ has been made at RMB7.2567 to US$1.00, the noon buying rate in effect on March 31, 2025 as set forth in the H.10 Statistical Release of The Board of Governors of the Federal Reserve System. We make no representation that any Renminbi or U.S. dollar amounts could have been, or could be, converted ...

Core Viewpoint - ECARX Holdings Inc. reported strong financial performance in Q1 2025, with a 30% year-over-year revenue growth and a significant narrowing of operating losses, indicating effective execution of its strategic vision in the automotive technology sector [2][3]. Financial Performance - Total revenue for Q1 2025 was RMB 1,222.4 million (US$ 168.5 million), representing a 30% increase year-over-year [3]. - Sales of goods revenue reached RMB 879.2 million (US$ 121.2 million), up 16% year-over-year, driven by increased sales volume of automotive computing platform products [3]. - Software license revenue surged by 148% year-over-year to RMB 186.6 million (US$ 25.7 million), primarily due to heightened demand for operating software licenses [3]. - Service revenue increased by 49% year-over-year to RMB 156.6 million (US$ 21.6 million), attributed to growth in design and development contracts [3]. - Gross profit was RMB 242.5 million (US$ 33.5 million), with a gross margin of 20%, down from 22% in the same period last year [3]. - Net loss for the quarter was RMB 196.9 million (US$ 27.0 million), a significant reduction from RMB 304.0 million in Q1 2024 [9][24]. Business Developments - Shipments of ECARX technology reached 684,000 units in Q1 2025, bringing the total to over 8.7 million vehicles on the road [2][9]. - The company secured 8 new project wins under Geely's foundational E/E architecture, enhancing its position in the automotive market [9]. - ECARX introduced the ECARXperience, an advanced generative in-vehicle HMI system powered by its proprietary AutoGPT AI model [9]. Technological Advancements - The integration of intelligent cockpit, driving, and parking capabilities into the Antora® 1000 SPB has been successfully completed, with road testing already passed [9]. - The company partnered with HERE Technologies to launch a next-generation in-vehicle navigation system for global automakers [9]. Global Expansion - Plans are underway to establish a global supply chain center and an international engineering center in Singapore [9]. - The company raised US$ 45 million through its first public offering since listing, aimed at accelerating global expansion [2].

Canalys最新报告预计，2025年中国市场L2级及以上功能渗透率将达62%，较2024年显著提升，高速 NOA与城市NOA分别达到10.8%和9.9%。预计2027–2028年，城市NOA增速将反超高速NOA ，市场结 构快速演变，将重塑SoC竞争格局。 ...

Monday, April 28, 2025 Considering how the sky had been falling for much of this month on Wall Street, we're not doing so badly overall. Today saw a mid-day dip across major indexes, but rebounded into the green by the end of the session — all but the tech-heavy Nasdaq. The Dow gained +114 points on the day, +0.28% — after hitting -244 points at its session lows — while the S&P 500 finished +0.06%, essentially flat. The Nasdaq was mostly flat today, as well: -0.10%, while the small- cap Russell 2000 rose +0 ...

| | 2024 年 | 2023 年 | 本年比上年增减 | 2022 年 | | --- | --- | --- | --- | --- | | 营业收入(元) | 3,517.707.799.23 | 3,121,819,530.69 | 12.68% | 3,346,814,809.97 | | 归属于上市公司股东的净利润 (元) | -1.094.505.368.26 | -1.313.619.381.45 | 16.68% | -336,322,828.23 | | 归属于上市公司股东的扣除非经 常性损益的净利润(元) | -1.118.265.335.14 | -1,427,917,300.59 | 21.69% | -351.174.421.79 | | 经营活动产生的现金流量净额 (元) | 669.665.08 | -468.665.516.42 | 100.14% | -156.047.618.35 | | 基本每股收益(元/股) | -0.4734 | -0.5753 | 17.71% | -0.1482 | | 稀释每股收益(元/股) | -0.4734 | -0.5753 | 17 ...

Core Insights - Garrett Motion Inc. and Shaanxi Hande Axle Co., Ltd. have signed a strategic agreement to co-develop advanced electric beam axle systems for medium and heavy-duty trucks, marking a significant milestone in the electrification of commercial transport [1][5][7] Company Overview - Garrett Motion is a leading differentiated automotive technology provider with a 70-year history of innovation in the automotive sector, focusing on turbocharging and electric propulsion technologies [10] - The company has established a strong presence in China since 1994, with advanced manufacturing facilities in Shanghai and Wuhan, and a dedicated R&D team of over 200 specialists [8][9] Strategic Partnership Details - The partnership aims to integrate Garrett's high-speed e-motor and inverter technology into HanDe's axle and transmission platforms, targeting production for 2027 [5][6] - Initial manufacturing will occur in Xi'an and Wuhan, with test fleets expected to begin field trials in 2026 as part of a global rollout strategy [6] Technological Advancements - Garrett's technology promises significant reductions in size and weight compared to current industry benchmarks, leading to lower total cost of ownership (TCO) for fleets through reduced energy use and maintenance [4] - The collaboration aims to minimize the use of rare earths and critical minerals, supporting sustainable sourcing and contributing to the local electrification ecosystem [4][7] Market Impact - The strategic partnership includes a multi-year production award from major Chinese commercial vehicle manufacturers, supporting both domestic output and international expansion [6] - There is strong interest from global commercial vehicle OEMs and fleet operators in adopting Garrett's E-powertrain solution due to its tangible TCO savings and sustainability benefits [4][7]

Core Insights - Garrett Motion Inc. is showcasing its latest innovations at Auto Shanghai 2025, including the debut of its 3-in-1 E-Powertrain and E-Cooling Compressor, which are pivotal for zero-emission mobility [1][4][10] Group 1: Technology Innovations - The 3-in-1 E-Powertrain integrates a high-speed electric motor, inverter, and reducer, achieving a size and weight reduction of up to 40% compared to industry standards [6] - The E-Cooling Compressor utilizes high-speed centrifugal technology for enhanced battery and cabin cooling, essential for the efficient operation of electric vehicles [6] - Garrett's Fuel Cell Compressor portfolio is the broadest and most mature in the industry, offering best-in-class efficiency and reliability [7] Group 2: Market Trends and Demand - Global production of new energy vehicles (NEVs) reached 18 million units in 2024, with China leading in adoption, driving demand for lightweight and efficient electric platforms [4] - By 2030, the market share of Plug-in Hybrid Electric Vehicles (PHEVs) and Range-Extended Electric Vehicles (REEVs) in China is expected to approach that of Battery Electric Vehicles (BEVs) [10] - In 2024, 75% of China's vehicle exports were powered by internal combustion engines (ICE), indicating continued relevance of ICE technologies alongside electrification [9] Group 3: Company Overview and Strategy - Garrett Motion has a 70-year history in automotive innovation, focusing on turbocharging technologies that reduce engine size, fuel consumption, and CO2 emissions [13] - The company operates five R&D centers and 13 manufacturing facilities globally, employing over 9,000 people [13] - Garrett is committed to advancing motion through differentiated technology solutions for zero-emission vehicles, including electric propulsion and thermal management systems [13]

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]

" 技术产品全球赋能810万辆车，亿咖通开启全球发展新阶段。 " 作者丨马广宇 编辑丨相辉 "2025年，我们的首要目标是实现持续盈利。" 在不久前结束的2025投资者日上，亿咖通科技联合创始人、董事长&CEO沈子瑜明确阐述了企业新一年的 发展目标，作为行业里少数具有汽车智能化全栈技术产品和全球交付能力的企业，亿咖通在2024年交出了 一份亮眼的成绩单。 3月中旬，亿咖通发布了2024年第四季度及全年业绩报告，宣布在2024年第四季度实现盈利。总出货量 同比增长33%，突破200万件，创下历史新高。全球范围内，搭载亿咖通技术产品的整车数量已达810万 辆，成绩可观。 值得注意的是，汽车供应链通常以 3-5 年为一代发展周期，亿咖通作为一家成立 8 年的企业，几乎是十 分迅速地达成了财务状况正循环的目标，而财务健康度作为考验企业经营状态乃至核心竞争力的关键指 标，考虑到亿咖通从创立之初就锚定全球化发展的特殊身位，实现这一成绩更为不易。 在多年的布局下，亿咖通的技术产品矩阵早已成为了能够满足全球市场需求的生态体系，也吸引了越来越 多像一汽红旗、大众集团这样的全球头部汽车品牌来合作，技术产品解决方案矩阵、全球化交付 ...