Ecarx Holdings Inc. (OQ:ECX)

Business Focus: N/A

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Sector: Technology	Industry: N/A

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Company Contact

Address:	SHANGHAI SHA 200030
Tel:	N/A
Website:	https://ir.ecarxgroup.com
IR:	See website

Key People

Shen Ziyu Chairman of the Board, Chief Executive Officer	Shen Ziyu Chairman of the Board, Chief Executive Officer	Zhou Phil Chief Financial Officer
Zhou Phil Chief Financial Officer	Peter W. Cirino Chief Operating Officer	Peter W. Cirino Chief Operating Officer

Business Overview

ECARX Holdings Inc is a holding company mainly engaged in the development of system on a chip (SoC) core modules, automotive computing platforms and software solutions. The Company is committed to transforming vehicles into seamlessly integrated information, communications, and transportation devices. The Company's core products include infotainment head units (IHU), digital cockpits, vehicle chip-set solutions, a core operating system and integrated software stack. The Company is also engaged in developing a full-stack automotive computing platform. The Company mainly serves customers such as original equipment manufacturers (OEMs) and tier 1 automotive suppliers.

Financial Overview

For the fiscal year ended 31 December 2023, Ecarx Holdings Inc. revenues increased 31% to RMB4.67B. Net loss applicable to common stockholders decreased 51% to RMB940.2M. Revenues reflect Sales of goods revenues segment increase of 36% to RMB3.31B, Service revenues segment increase of 26% to RMB909.8M, Software license revenues segment increase of 10% to RMB444.8M.

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