ECARX Achieves Key Milestones in Global Expansion and Technology Development Despite Q2 Revenue Decline

ECARX Holdings Inc. (NASDAQ: ECX), a global mobility technology provider, reported a 10% year-over-year revenue decline to $155.6 million in the second quarter of 2025, yet achieved substantial technological advancements and international expansion milestones that signal strong future growth potential. The company secured new project wins with both global and domestic automakers, including contracts totaling over $1 billion in lifetime revenue, highlighting its expanding global business footprint despite seasonal headwinds affecting quarterly results.

Technological innovation remains central to ECARX's strategy, with the company upgrading its ECARX AutoGPT in-vehicle AI large model application integrated with the DeepSeek-RI model. This enhancement delivers faster, more secure, and personalized user experiences while expanding local processing capabilities and improving automotive-specific reasoning and decision-making abilities. The upgraded system also addresses critical industry concerns by enhancing data privacy, reducing latency, and lowering data transmission and storage costs, ensuring compliance with local privacy regulations for automotive manufacturers.

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

Customer relationships deepened significantly during the quarter, with ECARX announcing that 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. This expansion into the high-volume family sedan segment indicates deeper integration of ECARX's solutions across Geely's ecosystem, with applications now featured in many best-selling models including the Galaxy brand, which achieved over one million cumulative sales. The company's technology also powers the Hongqi Tiangong 05 all-electric sedan for FAW Group and the global launch of the Volvo EX30 Cross Country compact electric SUV.

Global expansion efforts accelerated with ECARX achieving three critical certifications: ASPICE v4.0 CL3, ISO9001, ISO14001, and ISO45001. These internationally recognized certifications cover the entire lifecycle from design and R&D to quality control and sales of intelligent cockpit and driving solutions, serving as prerequisites for collaboration with leading global automakers. The certifications remove potential barriers to entry in developed markets with stringent quality, environmental, and safety standards. Additionally, ECARX officially opened its new global headquarters in Singapore, described as a strategic hub to accelerate globalization and strengthen its positioning as an international technology brand.

With solutions powering over 9.3 million vehicles worldwide, ECARX's recent achievements in certifications and headquarters establishment create a clearer path to integration with global automotive platforms. The company maintains confidence in achieving EBITDA breakeven in each remaining quarter of 2025 and delivering close to 20% revenue growth for the full year, supported by a robust pipeline of new projects expected to launch in the coming quarters. Total cash position remained strong at $99.2 million as of June 30, 2025, providing financial stability for continued innovation and expansion efforts.