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.

Yangtze River Industry Fund

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CNCB Capital

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China Reform Holdings Corporation

Hangzhou Trust

Baidu

SIG China (SIG Asia Investments)

Geely Automobile Holdings Limited

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
revenue		2.78B -	3.56B 28.00%	4.67B 31.18%
cost of revenue		1.96B -	2.57B 30.82%	3.40B 32.32%
gross profit		817.19M -	990.50M 21.21%	1.27B 28.22%
selling and marketing expenses		82.83M -	86.60M 4.56%
general and administrative expenses		506.87M -	1.18B 132.84%
selling general and administrative expenses		589.70M -	1.27B 114.82%	928.76M 26.68%
research and development expenses		1.21B -	1.21B 0.13%	1.26B 4.41%
other expenses		207K -	20.90M 9,996.62%	-3.91M 118.71%
cost and expenses		3.76B -	5.01B 33.50%	5.59B 11.45%
operating expenses		1.79B -	2.45B 36.43%	2.19B 10.43%
interest expense		131.67M -	51.10M 61.19%	79.31M 55.20%
ebitda		-902.90M -	-1.56B 73.00%	-814.87M 47.83%
operating income		-981.68M -	-1.47B 49.37%	-917.71M 37.41%
depreciation and amortization		65.01M -	105.71M 62.61%	124.64M 17.90%
total other income expenses net		-84.72M -	-23M 72.85%	-46.98M 104.24%
income before tax		-1.18B -	-1.52B 28.56%	-1.02B 32.95%
income tax expense		3.45M -	21.60M 526.63%	-3.64M 116.87%
net income		-1.18B -	-1.54B 30.65%	-940.19M 39.00%
weighted average shs out	337.40M -	337.40M 0%	239.30M 29.08%	337.41M 41.00%
weighted average shs out dil	337.40M -	337.40M 0%	239.30M 29.08%	337.41M 41.00%
eps	0 -	-3.50 Infinity%	-6.44 84.00%	-2.79 56.68%
epsdiluted	0 -	-3.50 Infinity%	-6.44 84.00%	-2.79 56.68%

COM:ECARXGROUP

ECARX Holdings Inc.

Last Close

1.65

22/11 21:00

Market Cap

591.62M

Beta: -

Volume Today

8.43K

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