ECARX Holdings (ECX) Company Report

ECARX Holdings Inc., through its wholly-owned subsidiary ECARX (Hubei) Tech Co., Ltd., entered into a Convertible Loan Agreement with Hubei DreamSmart Group Co., Ltd. and DREAMSMART TECHNOLOGY PTE. LTD. on December 4, 2025.
Under the agreement, ECARX (Hubei) will provide a convertible loan in the principal amount of RMB300 million to Hubei DreamSmart Group Co., Ltd. The proceeds are designated for the daily business operations of DreamSmart Hubei and its affiliated group companies.
The Convertible Loan has a term of 36 months and bears an annual interest rate equal to the average of the five-year and one-year Loan Prime Rates plus 45 basis points.
ECARX (Hubei) obtains the right, exercisable through ECARX Holdings Inc., to convert all or part of the principal amount and accrued but unpaid interest into shares of DreamSmart Singapore.

Dec 4, 2025, 11:02 AM

ECARX Deepens Partnership with Volkswagen Group for Digital Cockpit Solutions

ECX

Product Launch

New Projects/Investments

ECARX Holdings Inc. announced on November 13, 2025, a deepened partnership with the Volkswagen Group to supply advanced digital cockpit solutions for multiple vehicle models in Latin America.
The solutions will include the ECARX Antora® 1000 computing platform for online variants with Google Automotive Services and the ECARX Cloudpeak® software architecture, as well as the ECARX Antora® 500 for offline configurations.
This marks the second agreement between ECARX and Volkswagen Group in 2025, following an initial award in March 2025, and represents a platform extension of the Global Entry Infotainment system.

Nov 13, 2025, 12:03 PM

ECARX Deepens Partnership with Volkswagen Group for Digital Cockpit Solutions

ECX

New Projects/Investments

ECARX Holdings Inc. announced a second award from the Volkswagen Group in 2025 to provide advanced digital cockpit solutions for Volkswagen brand vehicles.
This award is a platform extension of an initial agreement from March 2025 and involves supplying the ECARX Antora® 1000 computing platform and ECARX Cloudpeak® software architecture.
The solutions will integrate Google Automotive Services (GAS) for online configurations and utilize the ECARX Antora® 500 platform for designated offline solutions.
This partnership will extend ECARX's digital cockpit technology to multiple vehicle models in Brazil and other parts of Latin America.

Nov 13, 2025, 12:00 PM

ECARX reports Q3 2025 results

ECX

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

ECARX achieved net profitability for the first time in Q3 2025, reporting a net profit of $0.9 million and adjusted EBITDA of $8 million.
Total revenue for Q3 2025 reached $220 million, an 11% year-over-year increase, driven by strong demand and the successful launch of new vehicle models incorporating ECARX solutions.
The company reported strong unit shipments of approximately 667,000 units in Q3 2025, a 51% year-over-year increase, with the Antara series reaching a record high of 196,000 units.
ECARX secured a second project with a leading European automaker, adding $400 million to its lifetime revenue pipeline, bringing the total contracted lifetime revenue from global automakers to over $2.5 billion.
To enhance liquidity and fuel international expansion, ECARX raised up to $150 million in convertible notes.

Nov 3, 2025, 1:00 PM

ECARX Holdings Inc. Announces Q3 2025 Financial Results

ECX

Earnings

Debt Issuance

New Projects/Investments

ECARX Holdings Inc. reported total revenue of $219.9 million for Q3 2025, an 11% increase year-over-year and 41% quarter-over-quarter.
The company achieved its first-ever net profit of $0.9 million and an Adjusted EBITDA of $8.3 million in Q3 2025, meeting its guidance for EBITDA breakeven.
Gross profit for the quarter increased 39% year-over-year to $47.6 million, resulting in a 22% gross margin.
Total shipments reached approximately 667,000 units, a 51% year-over-year increase, and the company secured a second project with a leading European automaker, expected to add $400 million in lifetime revenue.
ECARX entered into an agreement to issue up to $150 million in convertible notes to ATW Partners and a separate convertible note purchase agreement for up to $100 million of new convertible notes, with an initial investor committing to $35 million.

Nov 3, 2025, 12:02 PM

ECARX Secures Up to $150 Million in Convertible Note Financing

ECX

Debt Issuance

New Projects/Investments

ECARX Holdings Inc. has entered into a securities purchase agreement with ATW Partners, allowing the company to issue and sell convertible notes for up to an aggregate principal amount of $150 million.
This financing is expected to enhance ECARX's liquidity position and strengthen its balance sheet, providing greater financial flexibility.
The proceeds will support the company's global expansion, accelerate product innovation, scale partnerships with international OEMs, and invest in software-defined vehicle and intelligent cockpit technologies.

Oct 31, 2025, 8:10 PM

ECARX Holdings Inc. Reports First Half 2025 Financial Results

ECX

Earnings

Debt Issuance

Profit Warning

ECARX Holdings Inc. reported a 6.5% increase in total revenues to US$323.3 million for the six months ended June 30, 2025, compared to the same period in 2024. However, gross profit decreased by 27.0% to US$50.0 million, and gross margin fell from 22.6% to 15.5%.
The company's net loss improved to US$72.6 million for the six months ended June 30, 2025, from US$84.7 million in the prior year, primarily due to a 15.2% decrease in total operating expenses to US$115.2 million. Adjusted EBITDA also improved from a loss of US$60.1 million to a loss of US$44.3 million.
As of June 30, 2025, ECARX had an accumulated deficit of US$1,193.5 million and its current liabilities exceeded current assets by US$347.2 million. The company also reported US$82.0 million in net cash used in operating activities for the six months ended June 30, 2025, and concluded that substantial doubt about its ability to continue as a going concern has not been alleviated.
The company's total contractual obligations as of June 30, 2025, amounted to US$339.8 million, with US$319.2 million due in less than one year, including US$279.2 million in short-term borrowings from banks and US$64.9 million in convertible notes.