ECARX Secures Over $1 Billion in Global Contracts in Q2, Targets EBITDA Break-Even

ECARX Holdings Inc. (NASDAQ: ECX) reported securing new project wins with global automakers totaling over $1 billion in lifetime revenue during the second quarter of 2025, highlighting the company's expanding international presence despite a 10% year-over-year revenue decline to $155.6 million. The mobility technology provider, which integrates software, hypervision, operating systems and application software into unified in-vehicle systems, achieved key technological advancements including upgrades to its ECARX AutoGPT in-vehicle AI large model application integrated with the DeepSeek-RI model, resulting in faster, more secure and personalized user experiences while enhancing local processing capabilities and automotive-specific reasoning.

The company demonstrated its AI-driven intelligent cockpit and driving solutions at the 2025 World Artificial Intelligence Conference in Shanghai, showcasing how its Antora® series computing platform and AI-powered solutions are keeping global automakers at the forefront of technological advancement. This technological leadership earned ECARX the Technical Development & Innovation award at Volkswagen Brazil's conference in Rio de Janeiro, reflecting the growing impact of its innovative solutions on the global automotive industry. Shipment of its Antora® series solution reached 135,000 units during the quarter, representing a 112% year-over-year increase.

Customer relationships strengthened significantly as ECARX announced its AI Enhanced Antora® 1000 computing platform and Cloudpeak® cross-domain software stack are powering the intelligent cockpit of the Geely Galaxy A7 plug-in hybrid sedan, extending solutions into the high-volume family sedan segment. The company's applications now feature in many Geely best-selling models, including the Galaxy brand which achieved the fastest neighborhood electric vehicle brand to surpass one-million cumulative sales. Additionally, FAW Group Co. utilizes ECARX's technology in its Hongqi Tiangong 05 all-electric sedan, while the Cloudpeak® software stack powers the global launch of the Volvo EX30 Cross Country compact electric SUV.

Global expansion accelerated with ECARX receiving three critical certifications: ASPICE v4.0 CL3, ISO9001, ISO14001 and ISO45001, covering the entire lifecycle from design to sales of intelligent cockpit and driving solutions. These internationally recognized certifications serve as prerequisites for collaboration with leading automakers worldwide and remove barriers to entry in developed markets with stringent quality and safety standards. The company officially opened its new global headquarters in Singapore, described as a strategic hub to accelerate globalization and strengthen positioning as an international technology brand for solutions already powering over 9.3 million vehicles worldwide.

Despite quarterly revenue challenges attributed to seasonal headwinds and contract timing, ECARX reduced operating expenses by 20% to $57.2 million through disciplined execution of its lean operating strategy. With a robust pipeline of new projects expected to launch over the next two quarters, the company remains on track to achieve EBITDA breakeven in each remaining quarter and full-year 2025 while delivering close to 20% revenue growth for the year. Total cash position stood at $99.2 million as of June 30, 2025, providing financial stability for continued innovation and market expansion.