Date | Price Target | Rating | Analyst |
---|---|---|---|
2/11/2025 | $3.20 | Buy | UBS |
5/22/2023 | $10.00 | Overweight | Cantor Fitzgerald |
SHANGHAI, April 09, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), a global mobility tech provider, today announced that it achieved a significant milestone with the integration of intelligent cockpit, driving, and parking capabilities into Antora® 1000 SPB central computing platform, the latest and most cutting-edge iteration of the Antora® series. This solution has already passed road test and represents a significant breakthrough in ECARX's R&D roadmap. Powered by the world-leading 7nm SE1000 SoC developed by SiEngine, which provides high-performance computing power of 100K DMIPS and 900G FLOPS of graphics rendering capability, the SoC also integr
SHANGHAI, April 08, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (NASDAQ:ECX) ("ECARX" or "the Company"), a global mobility tech provider, today announced that the Company's board of directors has approved an additional US$20 million in share repurchase authorization under the share repurchase program adopted on December 20, 2024 as well as an extension to its term. This approval brings the total repurchase authorization under the program to $40 million and its term is now extended to March 31, 2026. About ECARX ECARX (NASDAQ:ECX) is a global automotive technology provider with capabilities to deliver turnkey solutions for next-generation smart vehicles, from the system on a chi
SHANGHAI, April 03, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), a global mobility tech provider, today announced that its Antora® 1000 Pro computing platform and Cloudpeak® software stack will power the launch of the Hongqi Tiangong 06 all-electric SUV which began pre-sales recently. This marks the second vehicle to launch under the deepening strategic partnership signed with FAW Group in April 2024 to jointly develop next-generation intelligent cockpits for its premium Hongqi brand of vehicles. Powered by the Antora® 1000 Pro and integrated with a customized Hongqi FAW OS built on top of the ECARX Cloudpeak® and AutoGPT, the Tiangong 06 will
SHANGHAI and BURLINGTON, Mass., April 02, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today announced that it has received a Best Contribution Award at the 2025 ECARX Partnership Conference, held on March 11, 2025, in Hangzhou, China. ECARX, a global automotive technology provider partnering with OEMs to accelerate the future of software-defined vehicles, presented the award in recognition of Cerence AI's extensive contributions as a trusted, long-term partner delivering cutting-edge, AI-driven solutions to ECARX and its OEM customers. This is the second consecutive year that Cerence AI has been
LONDON, April 01, 2025 (GLOBE NEWSWIRE) -- ECARX (NASDAQ:ECX), a leading global mobility technology company, has announced the completion of an underwritten public offering generated by the sale of new Class A Ordinary Shares for gross proceeds totalling USD 45 million. This is the first market raise for ECARX since its public listing on the Nasdaq in December 2022. Despite continuing geopolitical disruptions in automotive markets, and increased US market volatility impacting other market deals, the offer was fully subscribed and closed successfully on March 31 as planned. The funds will accelerate ECARX's global expansion, and the deployment of further global R&D, supply chain ma
SHANGHAI, March 31, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), a global mobility tech provider, today announced the completion of the underwritten public offering (the "Offering") of 25,000,000 Class A ordinary shares of the Company (the "Ordinary Shares"), at a public offering price of US$1.80 per share. The Company has granted the underwriters in the Offering a 30-day option to purchase up to an additional 3,750,000 Ordinary Shares. Deutsche Bank AG, Hong Kong Branch and China International Capital Corporation Hong Kong Securities Limited acted as representatives of the underwriters in the Offering. The Ordinary Shares have been offered un
SHANGHAI, March 28, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), a global mobility tech provider, announced the pricing of the underwritten public offering (the "Offering") of 25,000,000 Class A ordinary shares of the Company (the "Ordinary Shares"), at a public offering price of US$1.80 per share. The Company has granted the underwriters in the Offering a 30-day option to purchase up to an additional 3,750,000 Ordinary Shares. Deutsche Bank AG, Hong Kong Branch and China International Capital Corporation Hong Kong Securities Limited are acting as representatives of the underwriters in the Offering. The Ordinary Shares are offered under the Compan
SHANGHAI, March 27, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), a global mobility tech provider, announced the commencement of an underwritten public offering (the "Offering") of 25,000,000 Class A ordinary shares of the Company (the "Ordinary Shares"). The Company intends to grant the underwriters in the Offering a 30-day option to purchase up to an additional 3,750,000 Ordinary Shares. Deutsche Bank AG, Hong Kong Branch and China International Capital Corporation Hong Kong Securities Limited are acting as representatives of the underwriters in the Offering. The Ordinary Shares will be offered under the Company's shelf registration statement on
SHANGHAI, March 26, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the Company"), a global mobility tech provider, today announced that its annual report on Form 20-F for the fiscal year ended December 31, 2024 has been filed with the Securities and Exchange Commission. The annual report can be accessed on the Company's investor relations website at www.ir.ecarxgroup.com. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to its Investor Relations team at [email protected] or ECARX Holdings Inc., 12/F, Tower 2, Park Place
SHANGHAI, March 13, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), a global mobility tech provider, today showcased its significant financial milestones and strategic initiatives from 2024 while outlining its vision to drive growth going forward at its Investor Day 2025 held in Hong Kong on March 13, 2025. At the event, ECARX's management showcased the Company's breakeven at the EBITDA level during the fourth quarter of 2024, its confidence in delivering positive EBITDA for the full year 2025, and its expanding global customer base supported by innovative, cost-effective solutions. Financial Milestones ECARX closed out 2024 with a robust financial
SHANGHAI, Jan. 13, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), a global mobility tech provider, today announced the appointment of Mr. Zenggang Liu as a director of the Company, effective on January 13, 2025, to replace Mr. Tao Li, who has tendered his resignation as a director of the Company effective on the same day due to personal reasons. Mr. Liu joined Baidu in 2014 and currently serves as the deputy general manager of Baidu Maps. He oversees Baidu Maps' open platform business and navigation business, and has amassed substantial experience in the mapping industry. Mr. Liu received a bachelor's degree from Harbin Institute of Technology and
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, March 11, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (NASDAQ:ECX) ("ECARX" or the "Company"), a global mobility tech provider, today announced unaudited financial results for the quarter and full year ended December 31, 2024. Ziyu Shen, ECARX Chairman and CEO, commented, "2024 was a remarkable year for ECARX, marked by significant milestones and progress across our business. We continued to execute on our strategic vision, further strengthening the unique value proposition we offer global automakers who are seeking cutting-edge, cost-effective solutions to distinguish themselves from the competition. We are capitalizing on this growing demand with our innovative product portfo
SHANGHAI, China, Feb. 17, 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 fourth quarter and full year ended December 31, 2024, before the U.S. market opens on Tuesday, March 11, 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: Date: Tuesday, March 11, 2025 Time: 8:00 a.m. U.S. ET Webcast: https://edge.media-server.com/mmc/p/tgipb3eh To join the live conferen
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
UBS initiated coverage of ECARX Holdings with a rating of Buy and set a new price target of $3.20
Cantor Fitzgerald initiated coverage of ECARX Holdings with a rating of Overweight and set a new price target of $10.00
6-K - ECARX Holdings Inc. (0001861974) (Filer)
424B5 - ECARX Holdings Inc. (0001861974) (Filer)
6-K - ECARX Holdings Inc. (0001861974) (Filer)
6-K - ECARX Holdings Inc. (0001861974) (Filer)
424B5 - ECARX Holdings Inc. (0001861974) (Filer)
20-F - ECARX Holdings Inc. (0001861974) (Filer)
6-K - ECARX Holdings Inc. (0001861974) (Filer)
6-K - ECARX Holdings Inc. (0001861974) (Filer)
6-K - ECARX Holdings Inc. (0001861974) (Filer)
6-K - ECARX Holdings Inc. (0001861974) (Filer)