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ECARX Announces Second Quarter 2025 Unaudited Financial Results
SHANGHAI, Aug. 26, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced
About this update from Ecarx Holdings Inc.
[{"type":"text","content":"SHANGHAI, Aug. 26, 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 ended June 30, 2025. “The strong momentum we built in 2024 and early 2025 continued in the second quarter,” said Ziyu Shen, ECARX Chairman and CEO. “Revenue was US$155.6 million, reflecting the impact of typical seasonal headwinds and the timing of certain contracts, while the disciplined execution of our lean operating strategy reduced operating expenses by 20% to US$57.2 million. With a robust pipeline of new projects expected to launch over the next two quarters, we remain firmly on track to hit EBITDA breakeven in each of the remaining quarters and full-year 2025, and deliver close to 20% revenue growth for the year. Shipments of Antora® series solutions surged 112% year-over-year to 135,000 units during the quarter, underpinned by sustained demand across the Geely portfolio, especially the Galaxy brand, which surpassed 1 million cumulative sales—the fastest NEV brand to achieve this milestone—a strong indicator of its future growth momentum. Beyond Geely, we are expanding our footprint by collaborating with a Chinese local partner to supply to a top-five automaker in China and developing a next-generation intelligent cockpit operating system for a premium global brand. Internationally, we have secured contract wins with a total lifetime revenue of over $1 billion. These expanding partnerships demonstrate the strength and scalability of our technology portfolio and how they can drive sales for automakers. In addition, the selection of our lidar technology by a leading developer of robotic lawn mowers during the quarter marks the start of the monetization of our R&D initiatives beyond the automotive sector. A central pillar of our global expansion is our focus on setting new benchmarks for safety, security, and performance for products that can be quickly deployed across multiple applications and markets. Following our first project award from Volkswagen Group in March 2025, I was honored to accept Volkswagen Brazil’s Technical Development & Innovation award on behalf of ECARX at their ‘the One’ partnership celebration earlier this month—recognition that underscores their confidence in our innovation and the growing impact of our ...