ECARX Holdings ( (ECX) ) has shared an announcement.
ECARX Holdings Inc. announced at its Investor Day 2025 that it achieved EBITDA breakeven in Q4 2024 and anticipates positive EBITDA for the full year 2025. The company reported a 33% year-over-year increase in shipments, reaching 2 million units in 2024, and an 18% growth in revenue to RMB 5.6 billion. ECARX is expanding its global presence, securing a project with Volkswagen Group to deploy digital cockpit solutions in Brazil and India, and strengthening its partnership with Geely. The company also plans to continue investing in R&D to drive innovation and expand its product offerings, aiming for sustainable growth and international expansion.
More about ECARX Holdings
ECARX Holdings Inc. is a global automotive technology provider specializing in delivering turnkey solutions for next-generation smart vehicles. The company offers a range of products from system on a chip (SoC) to central computing platforms and software. Founded in 2017 and listed on Nasdaq in 2022, ECARX has over 1,900 employees across major locations in China, UK, USA, Sweden, Germany, and Malaysia. The company collaborates with well-known automakers, including Volkswagen Group, FAW, and Dongfeng Peugeot-Citroën, and its products are present in over 8.1 million vehicles worldwide.
YTD Price Performance: 60.89%
Average Trading Volume: 2,074,444
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $854.4M
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