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].

Core Viewpoint - ECARX Holdings Inc. has announced a strategic partnership with HERE Technologies to co-develop an AI-powered in-vehicle navigation system aimed at global automakers, set to debut at Auto Shanghai 2025 [1][2][4] Company Overview - ECARX is a global automotive technology provider specializing in full-stack 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 employs over 1,900 people across 12 major locations worldwide [6] - The company has partnerships with notable automakers such as Volkswagen Group, FAW, and Dongfeng Peugeot-Citroën, with its products present in over 8.1 million vehicles globally [6] Partnership Details - The collaboration combines HERE's advanced navigation platform with ECARX's full-stack solutions to create a navigation system that meets the evolving needs of automakers [2][4] - The new navigation system is designed for multi-scenario adaptability, high data accuracy, and robust technical performance, supporting high-precision mapping and real-time navigation [3][4] Technical Features - The jointly developed navigation system will utilize HERE's SDK and global location data, allowing automakers to reduce development cycles and ensure compliance with international data regulations [2][4] - The system aims to provide a plug-and-play global navigation development framework for automakers, facilitating faster market entry for new navigation solutions [4]

SHANGHAI, April 14, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced the launch of ECARXperience, an advanced generative in-vehicle HMI system powered by its proprietary AutoGPT AI large model application, designed to transform the driving experience with a dynamic, generative interface that evolves in real-time to address driver needs, delivering smarter, safer, and more personalized interactions. ECARXperience simplifie ...

SHANGHAI, April 14, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (Nasdaq: ECX) ("ECARX"), a global mobility tech provider, today announced that it will report its financial results for the first quarter of 2025, before the U.S. market opens on Wednesday, April 30, 2025. Company management will hold an earnings conference call via live audio webcast to discuss the financial results and will be available to answer questions from analysts and institutional investors. Earnings Conference Call & Webcast Details ...

Core Insights - ECARX Holdings Inc. announced that its full-stack solution will power the Geely Galaxy Xingyao 8 PHEV sedan, which began pre-sales on April 10, 2025 [1] - The company's advanced technologies provide automotive intelligence and user-centric functionality, enabling automakers to differentiate their offerings in a competitive market [2] - ECARX's full-stack solution is designed to align with evolving E/E architectures and the industry's shift towards software-defined vehicles, addressing the demand for scalable and cost-effective technologies [3] Company Performance - The Galaxy Xingyao 8 is the first Geely vehicle to integrate ECARX's three platforms, showcasing the potential of its technologies to redefine luxury, interaction, and safety [4] - The Galaxy brand experienced significant growth, with over 90,000 units sold in March 2025, marking an increase of over 290% year-over-year [4] - ECARX is focused on empowering automakers to accelerate market entry while delivering cutting-edge features that set new benchmarks for intelligent driving [4] 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 [5] - Founded in 2017 and listed on Nasdaq in 2022, ECARX has over 1,900 employees across 12 major locations worldwide [6] - The company collaborates with various well-known automakers, including Volkswagen Group, FAW, and Dongfeng Peugeot-Citroën, with its products present in over 8.1 million vehicles globally [6]

Core Insights - ECARX Holdings Inc. has achieved a significant milestone with the integration of intelligent cockpit, driving, and parking capabilities into its Antora® 1000 SPB central computing platform, marking a breakthrough in its R&D roadmap [1][2] - The Antora® 1000 SPB utilizes a 7nm SE1000 SoC, providing high-performance computing power of 100K DMIPS and 900G FLOPS, along with an 8 TOPS AI computing power NPU, enhancing intelligent driving functions [2][3] - The platform integrates L2 ADAS capabilities, improving driving safety with features such as automatic emergency braking, highway assist, and automatic lane change assist [2][3] Company Overview - ECARX is a global automotive technology provider, delivering turnkey solutions for next-generation smart vehicles, including SoC, central computing platforms, and software [4] - Founded in 2017 and listed on Nasdaq in 2022, ECARX has over 1,900 employees across 12 major locations worldwide, including China, the UK, the USA, Sweden, and Germany [5] - The company collaborates with notable automakers such as Volkswagen Group, FAW, and Dongfeng Peugeot-Citroën, with its products present in over 8.1 million vehicles globally [5]

Core Viewpoint - ECARX Holdings, Inc. has announced an additional US$20 million share repurchase authorization, increasing the total to US$40 million, with the program extended to March 31, 2026 [1] Company Overview - ECARX is a global automotive technology provider specializing in turnkey solutions for next-generation smart vehicles, including system on a chip (SoC), central computing platforms, and software [2] - Founded in 2017 and listed on Nasdaq in 2022, ECARX employs over 1,900 people across 12 major locations in China, the UK, the USA, Sweden, and Germany [3] - ECARX products are currently integrated into over 8.1 million vehicles worldwide [3]

Core Insights - ECARX Holdings Inc. announced the launch of the Hongqi Tiangong 06 all-electric SUV, powered by its Antora® 1000 Pro computing platform and Cloudpeak® software stack, marking the second vehicle developed under a strategic partnership with FAW Group [1][2] - The Tiangong 06 features an AI-driven intelligent cockpit experience, similar to the successful Tiangong 05 launched in February 2025, indicating a scalable and cost-effective solution for future Hongqi models [2][3] - ECARX aims to enhance user experience in next-generation smart vehicles while reducing complexity and cost through its full-stack solutions [4] Company Overview - ECARX is a global automotive technology provider, established in 2017 and listed on Nasdaq in 2022, with over 1,900 employees across 12 locations worldwide [5] - The company has integrated its products into over 8.1 million vehicles globally, showcasing its significant market presence [5]