ECARX Holdings, Inc. engages in the design, development, and delivery of vehicle technology. Its products include infotainment head units, digital cockpits, vehicle chip-set, operating system and software stack. The company was founded in 2017 and is based in Shanghai, China with an additional office in Europe.

ECARX Holdings, Inc.

ECARX is s a global automotive technology provider with the capabilities to deliver turnkey solutions for software-defined 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.

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ECARX

🚗 Accelerate into the future of automotive software development! Discover how Agile is revolutionizing the industry, managing complexity, and shortening development cycles. From its origins to real-world applications, our latest article by our Head of Product Centre Thomas Esebrant unveils the impact of Agile on the software-defined vehicles era. Uncover industry insights, challenges, and the pivotal role of closer collaborations. 

Click the link now to dive into the dynamic transformation shaping the automotive landscape! 🔗

https://lnkd.in/eRTpbqCC

The countdown begins! There is only one week to go until Polestar 4 is sold in Europe and Australia! 

Looking forward to seeing ECARX solutions on the road very soon 👀

It’s never too late to relive ECARX’s incredible 2023 achievements 🚀

Check out our 2023 wrap video highlighting the milestones, innovations and teamwork that powered our growth ✨

#vehiclemind #digitalcockpit #softwaredefinedvehicle

Reflecting on a productive week at #CES2024 in Las Vegas for ECARX 🪞

From engaging discussions to promising innovations, our time there has filled us with anticipation for the future. 🔮

A huge shoutout to the entire ECARX team for their hard work and dedication that made this event a success.👏

Looking forward to turning our discussion and connections into meaningful partnerships to accelerate the future of software-defined vehicles together! 🌐🚗

Day 2 of CES and I have gathered some thoughts and reflections so far from the show itself. Having been coming to CES for a number of years now, it is always interesting to see how the show has changed each year, what the themes of the show are, and which companies have gone all out on their presence and which ones are not here at all.

It is clear even from the entrance hall advertising that Software Defined Vehicle (SDV) is front and centre at this year’s show. Lots of Tier 1 and Tier 2 companies are talking about their role in that movement in the automotive industry and many OEMs are using CES as a platform to talk about their approach to SDVs.

We have seen two major OEMs announce ChatGPT integrations in their vehicles here and ECARX sees the integration of Large Language Modules as something that is going to be increasingly a requirement for automakers and their customers. It is interesting to note that some of these integrations are being rolled out to cars that are already built via Software Over the Air (SOTA) updates.

Whilst this is excellent news for customers of recently built cars, it also highlights the issue for SOTA that OEMs and their customers are increasingly realising - computing horsepower is now as important as mechanical horsepower. At ECARX we have been showing our flagship digital cockpit Makalu platform, which has significant processing power headroom to allow for years of updates after production. 

We have been working on true software defined vehicles with many of our OEM customers for many years and the automotive industry's attention is now firmly focused on delivering customer SDVs in many forms.

ECARX is in full swing at #CES2024! 
Here’s a snapshot of what's going on at our suite:

🚗 Showcasing Innovation - Come check out our automotive tech solutions for ADAS and Centralised Domain Controllers. ECARX Makalu and ECARX Super Brain can be demo'd in our suite for a glimpse of the software-defined vehicle of the future.

🤝 Networking opportunities with tech experts and industry pioneers.

Join us now at CES!

#TechInnovation #CESExperience #softwaredefinedvehicles

We are thrilled to continue our partnership with AMD and see the capabilities of the new Ryzen™ Embedded V2000A Series processor in our digital cockpit solution (ECARX Makalu) on the roads in 2024!

https://lnkd.in/eHuQstak

The most powerful tech event in the world is back! Next week ECARX will be in Las Vegas for #CES2024 to showcase our automotive technology solutions 💥
 
Come and meet us to find out how we are accelerating the future of software-defined vehicles

Wishing you a very happy new year from everyone at ECARX! 🎊

Today marks an important milestone in the strengthening of our relationship with smart Automobile 🤝 

Following our collaboration with smart on the development of the smartOS for the #1 and #3 models, we are now embarking on a JV that aims to leverage the strengths of both companies in brand power, product development expertise, and R&D advancements. 

The aim of this initiative is to accelerate the future of software-defined vehicles on a global scale 🌎 

https://lnkd.in/ehEXFePb

	Dec '20	Dec '21	Dec '22	Dec '23
net income	-440.00M -	-1.19B 169.41%	-1.54B 30.01%	-1.02B 34.13%
depreciation and amortization	58.96M -	65.01M 10.27%	105.71M 62.61%	124.64M 17.90%
deferred income tax	29.34M -	145.05M 394.30%		85.16M -
stock based compensation	11.41M -	179.93M 1,476.98%	725.65M 303.29%	174.03M 76.02%
change in working capital	-83.11M -	-176.81M 112.76%	234.15M 232.43%	-614.91M 362.62%
accounts receivables	497.69M -	-141.34M 128.40%	45.19M 131.98%	-585.55M 1,395.70%
inventory	-9.27M -	-105.56M 1,038.94%	56.36M 153.39%	11.15M 80.22%
accounts payables	-832.88M -	-199.44M 76.05%	502.59M 351.99%	359.80M 28.41%
other working capital	261.36M -	269.52M 3.12%	-369.99M 237.28%	-400.30M 8.19%
other non cash items	55.35M -	99.92M 80.53%	69.93M 30.02%	2.86M 95.91%
net cash provided by operating activities	-368.05M -	-872.33M 137.02%	-405.76M 53.48%	-1.24B 206.44%
investments in property plant and equipment	-69.11M -	-78.86M 14.11%	-127.78M 62.02%	-62.19M 51.33%
acquisitions net		-8.36M -	-21.64M 158.89%	792.06M 3,759.67%
purchases of investments		-1.35B -	-79.44M 94.10%	-163.94M 106.37%
sales maturities of investments			1.73M -	24M 1,285.68%
other investing activites	-22.00M -	41.50M 288.65%	-56.40M 235.91%	2.16M 103.83%
net cash used for investing activites	-91.11M -	-1.39B 1,427.09%	-283.53M 79.62%	592.08M 308.83%
debt repayment	-167.90M -	-1.28B 663.23%	-2.35B 83.54%	-1.47B 37.50%
common stock issued
common stock repurchased	-8.50M -
dividends paid
other financing activites	1.31B -	3.47B 164.30%	2.89B 16.82%	-33.17M 101.15%
net cash used provided by financing activities	1.14B -	2.19B 92.67%	537.77M 75.48%	296.83M 44.80%
effect of forex changes on cash	-10.02M -	-32.02M 219.46%	28.91M 190.28%	41.34M 43.02%
net change in cash	668.95M -	-102.91M 115.38%	-122.62M 19.15%	-313.15M 155.38%
cash at beginning of period	334.93M -	1.00B 199.73%	900.96M 10.25%	901.43M 0.05%
cash at end of period	1.00B -	900.96M 10.25%	778.34M 13.61%	588.27M 24.42%
operating cash flow	-368.05M -	-872.33M 137.02%	-405.76M 53.48%	-1.24B 206.44%
capital expenditure	-69.11M -	-78.86M 14.11%	-127.78M 62.02%	-62.19M 51.33%
free cash flow	-437.16M -	-951.19M 117.58%	-533.54M 43.91%	-1.31B 144.70%

COM:ECARXGROUP

ECARX Holdings Inc.

Last Close

1.65

22/11 21:00

Market Cap

591.62M

Beta: -

Volume Today

8.43K

Avg: -

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