Company Overview - Garrett Motion Inc. is a leading differentiated automotive technology provider with a 70-year history of innovation in the automotive sector and beyond, including off-highway equipment, marine, and power generators [4] - The company specializes in turbocharging technology, which has led to significant reductions in engine size, fuel consumption, and CO2 emissions [4] - Garrett is actively developing technology solutions for Zero Emission Vehicles, including fuel cell compressors for hydrogen fuel cell vehicles and electric propulsion systems for battery electric vehicles [4] - The company operates six R&D centers, 13 manufacturing sites, and employs over 9,000 people across more than 20 countries [4] Board Changes - Kevin Mahony has resigned from the Board of Directors of Garrett Motion Inc., where he also served on the Nominating and Governance Committee and the Finance Committee [1][2] - Mahony's resignation follows Centerbridge Partners' divestiture of a significant portion of its ownership stake in Garrett, which now holds less than 5% of the company's common stock [2] - The Chairman of the Board, Daniel Ninivaggi, expressed gratitude for Mahony's contributions and acknowledged his role in Garrett's success [3]

Core Insights - SaverOne 2014 Ltd. reported a 57% year-over-year increase in revenues, reaching NIS 756 thousand (~$224 thousand) for the first half of 2025, compared to NIS 483 thousand (~$143 thousand) in the same period of 2024, driven by international expansion efforts [6][8][11] - The company is actively pursuing international growth, securing new deals with existing customers' international subsidiaries and expanding its presence in Europe and North America [4][6][13] - The management expressed optimism about the company's growth trajectory, highlighting the successful integration of their Vulnerable Road User (VRU) detection technology with a leading European automotive technology provider [4][6] Financial Highlights - Revenues increased by 57% to NIS 756 thousand (~$224 thousand) in the first half of 2025 from NIS 483 thousand (~$143 thousand) in the first half of 2024 [8][11] - Gross profit for the first half of 2025 was NIS 224 thousand (~$66 thousand), with a gross margin of 30%, compared to a gross profit of NIS 85 thousand (~$25 thousand) and a gross margin of 18% in the first half of 2024 [9][24] - Operating loss for the first half of 2025 was NIS 16.8 million (~$5.0 million), slightly higher than the NIS 15.7 million (~$4.6 million) loss in the first half of 2024 [11][24] - Net loss for the first half of 2025 was NIS 16.1 million (~$4.7 million), compared to a net loss of NIS 16.3 million (~$4.8 million) in the first half of 2024 [11][24] - Cash and cash equivalents increased to NIS 16.0 million (~$4.7 million) as of June 30, 2025, up from NIS 13.3 million (~$4.0 million) at the end of 2024 [12][24] Recent Developments - The company has signed new sales and marketing agreements in the United States and a distribution agreement in Canada, enhancing its North American strategy [6][13] - SaverOne has broadened its relationship with Cemex across several European countries, demonstrating the effectiveness of its international expansion strategy [7] - The company signed a preliminary agreement with a leading European ADAS technology provider to integrate its VRU detection solution into their sensor fusion platform [4][13]

Core Insights - ECARX announced that its Antora® 1000 Pro computing platform and Cloudpeak® software stack will be used in the intelligent cockpit of the new Volvo XC70 hybrid SUV, which began pre-sales on August 27, 2025 [1][4] - The collaboration between ECARX and Volvo focused on various aspects of the XC70's design and development, including hardware, system architecture, and user experience enhancements through AI-powered features [2][4] - The XC70 features a minimalist design aimed at providing a more intuitive user experience, setting it apart from more complex interfaces in premium vehicles [3] Company Overview - ECARX is a global automotive technology provider that offers comprehensive 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 has over 1,600 employees across 13 locations worldwide and collaborates with major automotive brands, including Volkswagen Group and FAW Group [6] - ECARX's products are currently integrated into over 9.3 million vehicles globally, showcasing its significant market presence [6]

Lear Corporation (NYSE: LEA) is a global automotive leader in Seating and E-Systems. The company designs, manufactures, and delivers advanced technologies to the world's major automakers. Building on more than 100 years of heritage, Lear is the largest U.S.-based automotive supplier, headquartered in Southfield, Michigan. Driven by a commitment to innovation, operational excellence, and sustainability, Lear's global team of talented employees is shaping the future of mobility by developing solutions that en ...

Core Insights - ECARX has achieved Automotive SPICE (ASPICE) v4.0 Capability Level 3 (CL3) certification, the highest rating under the ASPICE standard, enhancing its portfolio of certifications necessary for collaboration with leading automakers [1] - The company has established a scalable, compliant software-development backbone through various certifications, including ASPICE v3.1 CL2, CMMI CL3, and ASPICE v3.1 CL3, which strengthens its competitive positioning in the global market [2] - ECARX is committed to developing products in compliance with ISO26262 and ISO21434 standards for functional safety and cybersecurity, further enhancing its competitive edge [2] 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 [4] - Founded in 2017 and listed on Nasdaq in 2022, ECARX has over 1,600 employees across 13 major locations worldwide, including China, the UK, the USA, Singapore, Malaysia, Sweden, and Germany [5] - The company collaborates with notable automakers such as Volkswagen Group, FAW Group, and Dongfeng Peugeot-Citroën, with its products present in over 9.3 million vehicles globally [5] Leadership Perspective - Ziyu Shen, Chairman and CEO of ECARX, emphasized that achieving ASPICE v4.0 CL3 certification reflects the company's focus on R&D capability, quality control, and process maturity, supporting large-scale global mandates like the project with Volkswagen Group [3]

Financial Data and Key Metrics Changes - Total revenue for Q2 was $156 million, with sales of goods revenue at $131 million, reflecting a 1% year-over-year increase driven by double-digit customer demand despite strategic price reductions [25][27] - Gross profit declined to $70 million, a 58% decrease year-over-year, resulting in a gross margin of 11%, down 12% from the previous year [26][27] - Operating expenses were reduced by 20% year-over-year to $57 million, contributing to a slight decline in adjusted EBITDA loss to $30 million compared to $29 million in the same period last year [27][28] Business Line Data and Key Metrics Changes - The Antora, VANELO, and Skyland platforms contributed 56% to total sales of goods revenue, more than doubling from 28% in the prior year [26] - Software license revenue decreased by 85% year-over-year to $1.2 million, primarily due to a decline in per vehicle software license revenue [26] - Service revenue was $23 million, down 34% year-over-year, mainly due to lower revenue from non-recurring engineering services contracts [26] Market Data and Key Metrics Changes - Shipments of the Antora series solution surged 112% year-over-year to 135,000 units during the quarter, indicating strong market demand [7] - The company serves 18 OEMs across 28 brands globally, with significant contributions from Geely, which accounted for nearly 40% to 50% of total business [12][58] - In the EU market, the company has 14 active projects with eight different global automakers and has secured four wins to date [18] Company Strategy and Development Direction - The company aims to achieve EBITDA breakeven in each of the remaining quarters of 2025, supported by operational discipline and a growing pipeline of projects [5][28] - A new global headquarters in Singapore is set to open in 2025, enhancing global IP management, R&D collaboration, and supply chain optimizations [10][23] - The company is diversifying its technological reach beyond automotive, with partnerships in robotics and AI applications, indicating a strategic shift towards multi-industry applications [9][14] Management Comments on Operating Environment and Future Outlook - Management acknowledged seasonal headwinds but emphasized solid progress in securing new projects and expanding partnerships [5][10] - The company expects full-year revenue to recover strongly and grow by close to 20% year-over-year, driven by volume growth and improved product mix [28] - Management expressed confidence in achieving adjusted EBITDA breakeven in each of the remaining quarters of 2025, despite external challenges [28][29] Other Important Information - The company received three ISO certifications for quality management, environmental stewardship, and occupational health and safety, which are prerequisites for collaboration with leading automakers [23] - The Fujian plant operates at 80% utilization, achieving its 1,000,000 unit annual capacity ahead of schedule, which is critical for global scaling [21] Q&A Session Summary Question: Non-automotive business layout and future development - Management expressed optimism about the potential for non-automotive applications, particularly in robotics, leveraging LiDAR technology [34][35] Question: Progress in overseas expansion - The company has secured multiple international clients, including Volkswagen, and is actively pursuing additional opportunities in global markets [36][37] Question: Update on in-house chip development - Management confirmed ongoing development of the Antora platform and plans to launch the Qualcomm A295 product, indicating a robust roadmap for internal capabilities [38][40] Question: Volume guidance for the second half of the year - The company anticipates shipping between 1,400,000 to 1,500,000 vehicles in the second half, aiming for a total of 2,500,000 to 2,600,000 vehicles for the year, reflecting a 30% year-over-year growth [44][45] Question: Pricing strategy and market competition - Management acknowledged pricing pressures but emphasized ongoing cost optimization efforts and a focus on maintaining market share to support revenue growth [46][48] Question: Update on ADCU business and collaboration with Qualcomm - The company is exploring opportunities with Qualcomm's SoCs and plans to launch a Fusion platform in 2026, indicating a strategic focus on advanced automotive technologies [52][53] Question: Growth drivers for the second half and next year - Management highlighted the importance of diversifying the customer base and expanding partnerships, with a healthy mix of business from both domestic and international OEMs [56][60]

Financial Data and Key Metrics Changes - Total revenue for Q2 was $156 million, with sales of goods revenue at $131 million, reflecting a 1% year-over-year increase driven by double-digit customer demand despite strategic price reductions [24][25] - Gross profit for the quarter was $70 million, a decline of 58% year-over-year, resulting in a gross margin of 11%, down 12% compared to the previous year [25] - Operating expenses were reduced by 20% year-over-year to $57 million, contributing to a slight decline in adjusted EBITDA loss to $30 million from $29 million in the same period last year [26][27] Business Line Data and Key Metrics Changes - The Antora, Vanado, and Skyland platforms contributed 56% to total sales of goods revenue, more than doubling from 28% in the prior year [24] - Service revenue decreased by 34% year-over-year to $23 million, primarily due to lower revenue from non-recurring engineering services [25] Market Data and Key Metrics Changes - Shipments of the Antora series solution surged 112% year-over-year to 135,000 units during the quarter, supporting growth momentum [6] - The company serves 18 OEMs across 28 brands globally, with a significant presence in both the Chinese and international markets [10][17] Company Strategy and Development Direction - The company is focused on achieving EBITDA breakeven in each of the remaining quarters of 2025, with a target of close to 20% revenue growth for the full year [5][27] - A new global headquarters in Singapore is set to open in 2025 to enhance global IP management, R&D collaboration, and supply chain optimizations [9][21] - The company is diversifying its customer base, with Geely accounting for 40-50% of total business and ongoing efforts to expand into international markets [58] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of seasonal headwinds and macroeconomic uncertainties but emphasized solid progress in securing new projects and partnerships [4][24] - The company remains confident in achieving adjusted EBITDA breakeven and expects full-year revenue to recover strongly, driven by volume growth and improved product mix [27] Other Important Information - The company has secured over $1 billion in lifetime revenue from overseas contracts and has 14 active projects with eight different carmakers [6][38] - The company received three ISO certifications for quality management, environmental stewardship, and occupational health and safety, which are prerequisites for collaboration with leading automakers [21] Q&A Session Summary Question: Update on non-automotive business layout and future development - Management expressed optimism about the potential for non-automotive applications, particularly in robotics, leveraging LiDAR technology [33][36] Question: Progress in overseas expansion and international clients - Management highlighted ongoing efforts in Europe and other markets, with 14 active programs and recognition from Volkswagen for innovation capabilities [38][39] Question: Update on in-house chip development - Management confirmed continued growth of the Antora platform and plans to launch Qualcomm A295 products, indicating a robust roadmap for SoC development [40] Question: Volume guidance for the second half of the year - Management projected shipment volumes of 1.4 to 1.5 million vehicles in the second half, aiming for a total of 2.5 to 2.6 million vehicles for the year, reflecting a 30% year-over-year growth [45] Question: Pricing pressures and content per car improvements - Management acknowledged pricing pressures but noted improvements in content per car due to strategic pricing and cost optimization efforts [46][48] Question: Update on ADCU business and collaboration with Qualcomm - Management confirmed plans to work with Qualcomm's SoCs, including the 8,775, and highlighted the development of a Fusion platform for enhanced vehicle features [51][53]

Financial Performance - Q2 2025 revenue was $155.6 million, a decrease of 10% year-over-year[17] - Q2 2025 gross profit was $16.8 million, with a gross margin of 11%[18] - Q2 2025 operating expenses decreased by 20% to $57.2 million[18] - The net loss for Q2 2025 was $45.4 million[92] - Adjusted EBITDA for Q2 2025 was $(29.7) million[97] Products and Operations - Antora®shipment increased 112%[17] - The company serves 18 OEMs across 28 vehicle brands as of June 30, 2025[18] - Product in Vehicles 9.3mn+[17] Reporting Change - The company changed its reporting currency from Chinese Renminbi ("RMB") to U.S Dollars ("USD")[7]

SHANGHAI, Aug. 26, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced unaudited financial results for the quarter ended June 30, 2025. “The strong momentum we built in 2024 and early 2025 continued in the second quarter,” said Ziyu Shen, ECARX Chairman and CEO. “Revenue was US$155.6 million, reflecting the impact of typical seasonal headwinds and the timing of certain contracts, while the disciplined execution of our lean o ...

夏莲指出，上市圈钱不是自己的人生追求和理想，自己从斑马智行首轮融资12亿，60亿 AliOS合并重 组，30亿再增资，7亿新股权融资，到完成股改，一路风雨，支持自己的是对一件事有始有终做完的信 念，对一群有情有义的人做一件有意义的事的理想主义追求，如果这些不复存在，自己不愿意为上市圈 钱再委曲求全。 "非常鄙视斑马某些高管的人品与行径，承认你的权谋与城府，但鄙视你的为人与价值观。"夏莲表示， 因为还有一些好朋友投资在斑马这个局里，很高兴自己的离开帮这些朋友降低了50%的估值，"希望降 了50%估值的斑马可以帮他们成功登陆"。 责任编辑：何俊熹 新浪科技讯 8月22日晚间消息，斑马网络技术股份有限公司（简称斑马智行）递交招股书准备在港交所 上市之际，原斑马智行CFO夏莲在朋友圈发文对此事进行了点评，公开表示"不看好公司业务发展""上 市圈钱不是人生追求和理想"，并表示自己已于2025年4月离开公司。 夏莲表示，"过去3年也许斑马业绩增长不达预期，但对比未来3年，很可能是斑马最好的3年。"在其看 来，没有门槛的座舱技术，车厂都可以自己干。 ...