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SHANGHAI - ECARX Holdings Inc. (NASDAQ: ECX), a global provider of mobility technology, announced the integration of its latest high-performance computing platform, Antora® 1000 SPB, into its product lineup. The platform, which incorporates intelligent cockpit, driving, and parking capabilities, has successfully passed road tests and marks a significant advancement in the company's research and development efforts.
The Antora® 1000 SPB is powered by the 7nm SE1000 SoC developed by SiEngine, delivering computing power of 100K DMIPS and 900G FLOPS of graphics rendering capability. It also features a programmable NPU with 8 TOPS AI computing power, supporting the development of intelligent driving functions.
This integrated solution offers Level 2 Advanced Driver Assistance Systems (ADAS) capabilities, including automatic emergency braking, highway assist, and automatic lane change assist, aiming to enhance driving safety. The Antora® 1000 SPB is designed to align with evolving electrical/electronic (E/E) architectures, providing a streamlined and cost-effective option for global automakers developing next-generation vehicles.
Ziyu Shen, Chairman and CEO of ECARX, emphasized the growing demand for integrated solutions that can expedite time-to-market while boosting competitiveness for automakers. "The Antora® 1000 SPB addresses these needs significantly enhancing driving safety, making it a compelling choice for automakers worldwide," said Shen.
ECARX, founded in 2017 and listed on NASDAQ in 2022, employs over 1,900 staff across major locations including China, the UK, the USA, Sweden, and Germany. The company collaborates with several renowned automakers and has its technology installed in over 8.1 million vehicles globally. As a prominent player in the Automobile Components industry, ECARX has generated revenue of $761.92M with impressive growth of 18.33% over the last twelve months. According to InvestingPro data, the company's stock currently trades near its 52-week low at $0.99, with a market capitalization of approximately $368M.
The press release also contains forward-looking statements that involve risks and uncertainties, and actual results may differ materially. ECARX has stated its commitment to continuing investment in R&D to drive innovation and meet the needs of its expanding customer base.
The information in this article is based on a press release statement from ECARX Holdings Inc.
In other recent news, ECARX Holdings Inc. announced an increase in its share repurchase program, adding $20 million to bring the total authorization to $40 million, with an extension through March 31, 2026. The company also revealed the pricing of its public offering at $1.80 per share for 25 million Class A ordinary shares, with an option for underwriters to purchase an additional 3.75 million shares. Deutsche Bank AG and China International Capital Corporation are leading the underwriting for this offering. Proceeds from the public offering are intended for research and development, overseas supply chain expansion, and general corporate purposes.
In a strategic move, ECARX's technology is now powering the newly launched Hongqi Tiangong 06 all-electric SUV, marking the second vehicle release in partnership with FAW Group. This collaboration highlights ECARX's advanced computing platform and software stack, which are integral to the vehicle's intelligent cockpit. Additionally, ECARX's co-founders, Ziyu Shen and Eric Li, have ties to Zhejiang Geely Holding Group, known for its interests in various global automotive brands. These developments underscore ECARX's ongoing efforts to expand its technological influence in the automotive industry.
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