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SHANGHAI - ECARX (NASDAQ:ECX), a global mobility technology provider with a market capitalization of $562 million and current trading price of $1.52, announced Wednesday that its Antora 1000 Pro computing platform has received Automotive SPICE (ASPICE) v4.0 Capability Level 3 certification, the highest rating under the ASPICE standard.
This certification adds to ECARX’s growing portfolio of accreditations, which includes ASPICE v3.1 CL2 certification obtained in September 2020, CMMI CL3 accreditation in May 2022, and ASPICE v3.1 CL3 certification in August 2022.
The company is also developing products in compliance with ISO26262 and ISO21434 standards for functional safety and cybersecurity, according to the press release statement.
ECARX Chairman and CEO Ziyu Shen said the certification "validates the strength of our global R&D system" and positions the company to "support large-scale global mandates such as the ongoing project with Volkswagen Group."
Founded in 2017 and listed on Nasdaq in 2022, ECARX currently employs over 1,600 people across 13 locations in China, UK, USA, Singapore, Malaysia, Sweden, and Germany. The company was co-founded by Shen and Eric Li, who is also the founder and chairman of Zhejiang Geely Holding Group.
ECARX develops turnkey solutions for smart vehicles, from system-on-chip technology to central computing platforms and software. The company reports that its products can be found in over 9.3 million vehicles worldwide, with clients including Volkswagen Group, FAW Group, and Dongfeng Peugeot-Citroën. With annual revenue of $796 million, InvestingPro analysis suggests the stock is currently undervalued, despite showing weak overall financial health scores. Get detailed insights and 7 additional ProTips for ECARX with an InvestingPro subscription.
In other recent news, ECARX Holdings Inc. has announced that its AI Enhanced Antora 1000 computing platform will power the intelligent cockpit of Geely’s new Galaxy A7 plug-in hybrid sedan. This platform, integrated with a customized Flyme Auto OS, offers an AI-driven interface featuring multi-zone voice recognition for controlling various vehicle functions. Additionally, ECARX has formed a global strategic partnership with Samsung Group to accelerate the commercialization of automotive intelligence technologies. This collaboration will integrate Samsung’s next-generation displays, high-speed memory, and flash storage solutions into ECARX’s product offerings.
Moreover, ECARX has released a white paper detailing its successful integration of Google Automotive Services into vehicle infotainment systems, significantly reducing certification time. The company has also expanded its reach by partnering with a leading global developer to integrate lidar technology into robotic lawn mowers, with plans for global mass production by 2026. These developments come as ECARX continues to broaden its technological portfolio and strategic partnerships.
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