Cantor Fitzgerald initiated coverage of ECARX Holdings with a rating of Overweight and set a new price target of $10.00

SHANGHAI, Nov. 22, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (NASDAQ:ECX) ("ECARX"), a global mobility tech provider, recently showcased the advanced capabilities of its Skyland Pro ADAS solution at AutoSens China 2024, demonstrating how it empowers automakers with high-performance, cost-effective intelligent driving solutions. A key platform for collaboration among automotive professionals, AutoSens China 2024 attracted prominent companies and experts from across the intelligent driving ecosystem, including Volkswagen, BMW-Brilliance and NIO. Jie Zhang, Director of ADAS Product at ECARX, delivered a keynote presentation at the event titled "Driving and Parking ADAS Solution: Balanci

SHANGHAI, Nov. 18, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (NASDAQ:ECX) ("ECARX"), a global mobility tech provider, today announced that, on November 14, 2024, it entered into a components procurement and R&D services agreement with Geely Automobile Holdings Limited (HKEX: 0175) ("Geely Auto"), Zhejiang HUANFU and Hangzhou Langge (the "Components Procurement and R&D Services Agreement"), pursuant to which Geely Auto agrees to, subject to certain conditions set forth therein, purchase automobile components and R&D services from the Company, Zhejiang HUANFU Technology Co., Ltd. and Hangzhou Langge Technology Co., Ltd. (collectively, the "Supplier Group") to further enhance the driving

SHANGHAI, Nov. 07, 2024 (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 September 30, 2024. Ziyu Shen, ECARX Chairman and CEO, commented, "The solid growth momentum we picked up in the first half of the year continued into the third quarter with the market continuing to yield significant opportunities for us despite global headwinds. Revenue increased by 31% year-over-year, with 442,000 vehicles incorporating ECARX technology hitting the road this quarter alone, underscoring our unique positioning to drive growth in China and overseas, regardless of market

SHANGHAI, Oct. 27, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), a global mobility technology company, in partnership with AMD, the high performance and adaptive computing leader, today celebrated the official launch of smart #5, smart's first premium mid-size SUV which integrates ECARX's Makalu® computing platform powered by AMD Ryzen™ Embedded V2000 Series processors. Dr. Lisa Su, Chairman and CEO of AMD, congratulated smart via video at the launch event. The smart #5 made its global debut in Australia in August, showcasing its forward-thinking design embodying Mercedes-Benz's "Sensual Purity" design philosophy. Leveraging the powerful A

SHANGHAI, Oct. 17, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (NASDAQ:ECX) ("ECARX"), a global mobility tech provider, today announced that it will report its financial results for the third quarter of 2024 before the U.S. market opens on Thursday, November 7, 2024. 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: Date: Thursday, November 7, 2024 Time: 8:00 a.m. U.S. ET Webcast: https://edge.media-server.com/mmc/p/5b6hmo8h To join the live conference call, please register at https://register.vev

SHANGHAI, Sept. 05, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), a global mobility technology company, and AMD, the high performance and adaptive computing leader, today congratulated Lynk & Co. on the first deliveries of the Lynk & Co. Z10 flagship luxury sedan, which integrates ECARX's Makalu® computing platform powered by AMD Ryzen™ Embedded V2000 processors. Dr. Lisa Su, Chairman and CEO of AMD, extends compliments through a video on the launch event of Z10. The Lynk & Co Z10 officially debuted in Sweden in June 2024, where it showcased the strength of the Makalu® computing platform and AMD Ryzen Embedded processors, setting new benchmarks for

SAN JOSE, Calif., Aug. 29, 2024 /PRNewswire/ -- MulticoreWare Inc, a global technology company offering software solutions & engineering services, is pleased to announce its partnership with ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), a global mobility tech provider, to optimize algorithms for intelligent driving solutions on multi-core heterogeneous compute platforms. This collaboration focuses on enhancing performance for ECARX's advanced driving systems, integrating CPU, GPU, and DSP technologies. MulticoreWare achieved significant optimization of ECARX's vehicle software algorithms, which are now in operation in Lynk & Co 08 EM-P receiving positive market feedback. Thro

SHANGHAI, Aug. 29, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), a global mobility tech provider, has partnered with MulticoreWare Inc. to optimize algorithms for intelligent driving solutions on multi-core heterogeneous compute platforms. This collaboration focuses on enhancing performance for ECARX's advanced driving systems, integrating CPU, GPU, and DSP technologies. MulticoreWare achieved significant optimization of ECARX's vehicle software algorithms, which are now in operation in Lynk & Co 08 EM-P receiving positive market feedback. Through continued technological innovation and market practice, the intelligent driving technology products d

SHANGHAI, Aug. 08, 2024 (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, 2024. "We delivered another quarter of robust growth, building on our strong start to the year," commented ECARX Chairman and CEO, Ziyu Shen. "As the automotive industry rapidly evolves towards software-defined vehicles, we remain at the forefront of this transformation. Scaling existing solutions is critical to our sustainable growth, and we are clearly making substantial progress in this regard. By the quarter-end, over 6.9 million vehicles on the road incorporated ECARX tech

LONDON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. ("ECARX" or "the Company"), a global mobility technology company, announced today that it has sold its minority stake of 40% in HaleyTek AB ("HaleyTek"), a joint venture between Volvo Car Corporation ("Volvo Cars") and ECARX created to develop software for Android-powered infotainment systems, to Volvo Cars. ECARX will continue to collaborate with Volvo Cars and with HaleyTek as a fully-owned subsidiary of Volvo Cars, developing technology solutions to enhance the driving experience of automobiles made by Volvo Cars and related brands such as Polestar. Since the creation of HaleyTek in 2021, ECARX, HaleyTek and Volvo Cars

SHANGHAI, July 29, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), a global mobility tech provider, today announced the appointment of Mr. Tao Li as a director of the Company, effective on July 29, 2024, to replace Mr. Tan Su, who has tendered his resignation as a director of the Company effective on the same day due to personal reasons. Mr. Li joined Baidu in 2012 and was in charge of the R&D efficiency of the group and its enterprise IT platform, advancing the application of AI technologies in these fields. Mr. Li has substantial managerial experience. Starting from 2024, Mr. Li has served as general manager of Baidu ‘s Apollo intelligent cockpit bu

LONDON, Jan. 05, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), a global mobility tech provider, today announced the appointment of Mr. Tan Su as a director of the Company, effective on January 5, 2024, to replace Mr. Zhenyu Li, who has tendered his resignation as a director of the Company effective on the same day due to personal reasons. Mr. Su has served as general manager of Baidu's Apollo Intelligent Automobile Department since 2023 and is fully responsible for the implementation of Baidu's automotive intelligence strategy and coordinating and managing multiple businesses, including intelligent driving, cockpit-driving integration, and intellige

LONDON, July 28, 2023 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), the global mobility tech provider, today announced that it has appointed Mr. Phil Jing Zhou as its chief financial officer, effective on July 28, 2023. Mr. Zhou will succeed Mr. Ramesh Narasimhan, who will take on the position of advisor to the chief executive officer with effect from the same date. Ziyu Shen, ECARX's Co-founder, Chairman and CEO said: "Phil has been a key part of the leadership team at ECARX since the beginning of 2021 and has excelled in each of his roles in the business, most recently as EVP of China Operations. I look forward to him returning to a finance role as th

SHANGHAI, Nov. 07, 2024 (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 September 30, 2024. Ziyu Shen, ECARX Chairman and CEO, commented, "The solid growth momentum we picked up in the first half of the year continued into the third quarter with the market continuing to yield significant opportunities for us despite global headwinds. Revenue increased by 31% year-over-year, with 442,000 vehicles incorporating ECARX technology hitting the road this quarter alone, underscoring our unique positioning to drive growth in China and overseas, regardless of market

SHANGHAI, Oct. 17, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (NASDAQ:ECX) ("ECARX"), a global mobility tech provider, today announced that it will report its financial results for the third quarter of 2024 before the U.S. market opens on Thursday, November 7, 2024. 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: Date: Thursday, November 7, 2024 Time: 8:00 a.m. U.S. ET Webcast: https://edge.media-server.com/mmc/p/5b6hmo8h To join the live conference call, please register at https://register.vev

SHANGHAI, Aug. 08, 2024 (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, 2024. "We delivered another quarter of robust growth, building on our strong start to the year," commented ECARX Chairman and CEO, Ziyu Shen. "As the automotive industry rapidly evolves towards software-defined vehicles, we remain at the forefront of this transformation. Scaling existing solutions is critical to our sustainable growth, and we are clearly making substantial progress in this regard. By the quarter-end, over 6.9 million vehicles on the road incorporated ECARX tech

SHANGHAI, July 18, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (NASDAQ:ECX) ("ECARX"), a global mobility tech provider, today announced that it will report its financial results for the second quarter ended June 30, 2024, before U.S. markets open on Thursday, August 8, 2024. The Company's management team will hold an earnings conference call and live audio webcast to discuss the financial results and will be available to answer questions from analysts and investors. Earnings Conference Call & Webcast Details: Date: Thursday, August 8, 2024 Time: 8:00 a.m. U.S. ET Webcast: https://edge.media-server.com/mmc/p/fptu2v2s Participant dial-in numbers: United States:+1-888-596-4144Mainland Chi

Exhibit 99.1 SHANGHAI, China, May 20, 2024 (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 March 31, 2024. "The strong growth momentum that we picked up last year continued into the first quarter with revenues increasing 21% year-over-year," commented ECARX Chairman and CEO Ziyu Shen. "The development of software-defined vehicles and their underpinning technologies will determine the winners in this next stage of the auto revolution. Continued product innovation and a strong ecosystem of partnerships are key to capitalizing on this opportunity. The m

SHANGHAI, China, April 29, 2024 (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 2024 before the U.S. market opens on Monday, May 20, 2024. 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:Date: Monday, May 20, 2024Time: 8:00am ESTWebcast: https://edge.media-server.com/mmc/p/ji9r3h9b To join the live conference call, please register at https://register.veven

SHANGHAI, China, Feb. 28, 2024 (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 December 31, 2023. "ECARX closed out 2023 on a high note, delivering a 31% year-over-year increase in revenues and significantly narrowing our net loss for the full year," said ECARX Chairman and CEO Ziyu Shen. "Our innovative digital cockpit solutions are gaining considerable traction in the market as we bring our sophisticated in-car experience to new EV models with truly international reach and build stronger brand awareness among global automotive OEMs. This was reflected in th

SHANGHAI, China, Feb. 06, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (NASDAQ:ECX) ("ECARX"), a global mobility tech provider, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2023, before the U.S. market opens on Wednesday, February 28, 2024. 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:Date: Wednesday, February 28, 2024Time: 8:00am ESTWebcast: https://edge.media-server.com/mmc/p/csskvz6t To join the live confere

LONDON, Nov. 09, 2023 (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 September 30, 2023. "With revenue up 50% year-on-year, ECARX has delivered yet another quarter of robust growth, driven by growing demand for increasingly sophisticated digital cockpit solutions," said ECARX Chairman and CEO Ziyu Shen. "Our vertically integrated technology stack offers automakers flexible solutions that are fully customizable, enabling them to precisely tailor the customer experience. Together with the significant investments that we have made, this has helped us dive

SHANGHAI, China, Oct. 18, 2023 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (NASDAQ:ECX) ("ECARX"), a global mobility tech provider, today announced that it will report its financial results for the third quarter of 2023 before the U.S. market opens on Thursday, November 9, 2023. 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: Date: Thursday, November 9, 2023Time: 8:00am ESTWebcast: https://edge.media-server.com/mmc/p/j6amxp7p To join the live conference call, please register at https://register.veven

DXC Technology Company (NYSE:DXC) announced a collaboration with ECARX Holdings Inc. (NASDAQ:ECX) to expedite the advancement of in-vehicle functionalities. This partnership will enhance infotainment systems, digital cockpits, and advanced driver assistance systems, ultimately improving drivers’ user experiences. Both companies collaborate to enhance product and platform development in response to rapid industry changes. ECARX will bolster its full-stack hardware and software offerings with DXC Luxoft’s software integration and engineering expertise and its ability to deliver customized solutions for automotive OEMs. The new partnership aims to streamline the integration of softw

ECARX (NASDAQ:ECX) and DXC Luxoft (NYSE:DXC) today announced they will work together to accelerate the development of in-vehicle capabilities, resulting in enhanced infotainment, digital cockpit and advanced driver assistance systems, and enabling a better user experience for drivers. The two automotive technology leaders will collaborate on product and platform development to keep up with rapid changes in the automotive industry. ECARX's full-stack hardware and software offering will now support a wider range of services through the addition of DXC Luxoft's expertise in software integration and engineering, and its ability to develop customized solutions for automotive Original Equipment M

Gainers Kaival Brands Innovations (NASDAQ:KAVL) shares moved upwards by 274.2% to $5.09 during Friday's regular session. The market value of their outstanding shares is at $14.5 million. SRIVARU Holding (NASDAQ:SVMH) stock increased by 121.31% to $0.34. The company's market cap stands at $10.9 million. MOGU (NYSE:MOGU) shares rose 28.97% to $3.16. The company's market cap stands at $25.9 million. Jeffs Brands (NASDAQ:JFBR) shares rose 17.03% to $0.41. The market value of their outstanding shares is at $3.7 million. E-Home Household Service (NASDAQ:EJH) shares moved upwards by 15.03% to $0.76. The market value of their outstanding shares is at $13.5 million. ECARX Holdings (NASDAQ:ECX)

U.S. stocks were mostly lower, with the Dow Jones index falling around 300 points on Friday. Shares of Hasbro, Inc. (NASDAQ:HAS) rose sharply during Friday's session after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $70 to $80. Hasbro shares gained 5.5% to $61.22 on Friday. Here are some other big stocks recording gains in today’s session. Disc Medicine, Inc. (NASDAQ:IRON) shares gained 15.6% to $45.29. Disc Medicine announced a $178 million underwritten offering of 4.944 million shares at $36 per share. UroGen Pharma Ltd. (NASDAQ:URGN) rose 15.4% to $20.19. UroGen Pharma recently announced an 82.3% 12-month duration of response i

U.S. stock futures were lower this morning, with the Dow futures falling over 50 points on Monday. Shares of Perion Network Ltd. (NASDAQ:PERI) fell sharply in today's pre-market trading after the company lowered its revenue forecast. Perion Network slashed its second-quarter revenue forecast from $118 million – $122 million to $106 million – $108 million. The company lowered its FY24 revenue forecast from $590 million – $610 million to $490 million – $510 million. Perion Network shares dipped 21% to $9.74 in pre-market trading. Here are some big stocks recording losses in today's pre-market trading session. Skye Bioscience, Inc. (NASDAQ:SKYE) shares tumbled 45.2% to $6.00 in

Gainers ECARX Holdings (NASDAQ:ECX) stock increased by 18.3% to $1.29 during Thursday's pre-market session. The market value of their outstanding shares is at $436.1 million. TH International (NASDAQ:THCH) shares rose 15.73% to $1.03. The company's market cap stands at $162.6 million. As per the news, the Q1 earnings report came out yesterday. Yoshiharu Global (NASDAQ:YOSH) stock moved upwards by 11.9% to $4.7. The market value of their outstanding shares is at $6.2 million. Lululemon Athletica (NASDAQ:LULU) shares moved upwards by 10.13% to $339.5. The company's market cap stands at $42.7 billion. As per the press release, Q1 earnings came out yesterday. Greenlane Hldgs (NASDAQ:GNLN) s

ECARX Holdings (NASDAQ:ECX) reported quarterly losses of $(0.12) per share which missed the analyst consensus estimate of $(0.08) by 50 percent. This is a 50 percent decrease over losses of $(0.08) per share from the same period last year. The company reported quarterly sales of $128.500 million which missed the analyst consensus estimate of $135.013 million by 4.82 percent. This is a 15.66 percent increase over sales of $111.100 million the same period last year.