Core Insights - ECARX Holdings Inc. reported a historic revenue high of US$304.7 million for Q4 2025, marking a 13% year-over-year increase, and achieved positive net income for the second consecutive quarter [1][2] - The company’s total revenue for the full year 2025 reached US$847.9 million, reflecting a 10% increase from US$771.5 million in 2024, demonstrating resilience amid macroeconomic challenges [1][3] - ECARX is focused on sustainable growth and expanding its global footprint, particularly through partnerships, such as with Volkswagen Group for digital cockpit solutions in Latin America [1][2] Financial Performance - Q4 2025 total revenue was US$304.7 million, with service revenue at US$33.2 million (down 27% YoY), software license revenue at US$2.0 million (down 84% YoY), and sales of goods revenue at US$269.5 million (up 27% YoY) [1][3] - For the full year 2025, service revenue was US$115.1 million (down 2% YoY), software license revenue was US$29.7 million (down 30% YoY), and sales of goods revenue was US$703.1 million (up 15% YoY) [1][3] Business Development Highlights - The company is actively pursuing regulatory approvals in the US to engage with local automakers, aiming to expand its addressable market [1][2] - ECARX has deepened its partnership with Volkswagen Group, securing a second agreement for digital cockpit solutions for multiple models in Latin America [1][2] - As of December 31, 2025, approximately 11 million vehicles on the road are equipped with ECARX technologies [1][2] Technological Advancements - The adoption of the Cloudpeak® software stack is enhancing the company's leadership in AI-powered cockpit solutions, integrating AI agents and generative UIs for an improved in-vehicle experience [2] - The global launch of Geely's flagship Galaxy M9 features the Pikes® computing platform and Cloudpeak® software stack, showcasing the company's technological capabilities [2]

Core Viewpoint - ECARX Holdings Inc. has successfully completed the issuance of US$100 million in convertible notes, which will enhance its capital structure and support its global expansion strategy [1]. Group 1: Convertible Notes Issuance - The US$100 million in convertible notes, referred to as the "2025 Notes," has been fully subscribed as of February 9, 2026 [1]. - The issuance included US$35 million purchased by the Initial Investor on November 14, 2025, followed by US$25 million from another investor on November 26, 2025, and the remaining US$40 million purchased by a consortium of investors [1]. - The initial conversion price for the 2025 Notes is set at US$2.62, subject to customary adjustments [1]. Group 2: Strategic Partnerships and Funding - In 2025, ECARX secured two major projects from Volkswagen Group and established technology partnerships with several global luxury automotive brands [1]. - The completion of the convertible notes transaction allowed ECARX to refinance US$65 million of previous convertible notes and obtain an additional US$35 million in funding [1]. - This funding, combined with a US$45.6 million strategic investment from Geely in January 2026, provides ECARX with ample liquidity to pursue its vision of becoming a leading innovator in Automotive Physical AI technology [1]. Group 3: Company Overview - ECARX is a global automotive technology provider that delivers turnkey solutions for next-generation smart vehicles, including system-on-a-chip (SoC) and central computing platforms [1]. - Founded in 2017 and listed on Nasdaq in 2022, ECARX has over 1,500 employees across 13 major locations worldwide [1]. - The company's products are currently utilized in approximately 10 million vehicles globally [1].