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SHANGHAI - ECARX Holdings Inc. (NASDAQ: ECX), a provider of automotive technology solutions with a market capitalization of $305 million, announced Monday that its suite of technologies will be featured in the Geely Galaxy Xingyao 8 PHEV sedan, which started pre-sales on April 10, 2025. The ECARX full-stack solution, including the Antora® 1000 computing platform, Skyland® Pro intelligent driving solution, and Cloudpeak® cross-domain software stack, aims to offer advanced features for modern vehicles.
The integration of these technologies into the Geely Galaxy Xingyao 8 represents the first instance of ECARX's three platforms being combined into a single solution. This move is part of the company's strategy to meet the increasing demand for scalable and cost-effective technologies that can expedite the market entry of global automakers.
ECARX's Chairman and CEO, Mr. Ziyu Shen, remarked on the significance of this milestone, highlighting the growth of the Galaxy brand, which saw a surge in sales with over 90,000 units sold in March 2025, marking a 290% increase from the previous year. The company itself has shown promising revenue growth of 18.33% over the last twelve months, according to InvestingPro data, though analysts note concerns about its cash burn rate. Shen emphasized the role of ECARX's high-performance solutions in enabling automakers to deliver intelligent driving and user-centric experiences.
Founded in 2017 and listed on NASDAQ in 2022, ECARX has expanded its global presence with over 1,900 employees across major locations, including China, the UK, the USA, Sweden, and Germany. While the company's stock currently trades near its 52-week low, InvestingPro analysis suggests the stock may be undervalued, with 16 additional exclusive insights available to subscribers. The company's co-founders are automotive entrepreneurs Ziyu Shen and Eric Li, the latter also being the founder and chairman of Zhejiang Geely Holding Group, which holds ownership interests in various global automotive brands.
ECARX's technology is currently used in over 8.1 million vehicles worldwide. The company collaborates with other notable automakers such as Volkswagen Group, FAW, and Dongfeng Peugeot-Citroën.
This announcement contains forward-looking statements, and actual results could differ materially due to various risks and uncertainties. For a comprehensive understanding of ECARX's financial health and future prospects, investors can access detailed analysis and Fair Value estimates through InvestingPro's exclusive Research Report, part of their coverage of over 1,400 US equities. The information in this article is based on a press release statement.
In other recent news, ECARX Holdings Inc. has announced several significant developments. The company has priced a public offering of 25 million Class A ordinary shares at $1.80 each, with an option for underwriters to purchase an additional 3.75 million shares. Proceeds from this offering are intended to fund research and development, establish overseas supply chain networks, and support general corporate purposes. Furthermore, ECARX has expanded its share repurchase program by an additional $20 million, bringing the total authorization to $40 million, with an extension through March 2026.
ECARX also unveiled the Antora® 1000 SPB, a high-performance computing platform designed to enhance driving safety with Level 2 Advanced Driver Assistance Systems capabilities. This platform is part of the company's ongoing commitment to advancing automotive technology. Additionally, ECARX's technology is now powering the newly launched Hongqi Tiangong 06 electric SUV, marking another milestone in its collaboration with FAW Group. The deployment of their solutions in this vehicle highlights the company's focus on scalable and cost-effective technologies.
These recent developments showcase ECARX's efforts to strengthen its position in the automotive technology sector. The company's strategic initiatives and partnerships aim to meet the evolving demands of automakers and enhance the user experience in smart vehicles.
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