ECARX Holdings (ECX) has released an update.
ECARX Holdings Inc., a leading global mobility tech provider, announced a 31% year-over-year increase in revenue for Q2 2024, with over 6.9 million vehicles now using their technology. Despite strong sales growth, the company reported a net loss, largely attributed to higher equity investment losses and share-based compensation expenses. ECARX is strengthening its global presence through new design wins and international partnerships, including collaborations with Tencent Smart Transportation and DXC Luxoft.
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