ECARX Holdings (ECX) has released an update.
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ECARX Holdings Inc., a leading global mobility tech provider, announced a 31% year-over-year increase in revenue for Q2 2024, with over 6.9 million vehicles now using their technology. Despite strong sales growth, the company reported a net loss, largely attributed to higher equity investment losses and share-based compensation expenses. ECARX is strengthening its global presence through new design wins and international partnerships, including collaborations with Tencent Smart Transportation and DXC Luxoft.
For further insights into ECX stock, check out TipRanks’ Stock Analysis page.
