Ecarx reports Q1 EPS (RMB 0.57) vs. (RMB 0.85) last year

Reports revenue RMB 1.22B vs. RMB 937.8M last year. “The strong momentum we built throughout 2024 continued to accelerate in the first quarter of 2025, as we further executed on our strategic vision and strengthened our position at the forefront of the automotive industry’s transformation,” said Ziyu Shen, ECARX (ECX) Chairman and CEO. “Our revenue grew 30% year-over-year while our operating loss narrowed by 30%, demonstrating our ability to drive significant growth while making substantial progress to improve our bottom line. With gross margins holding steady at around 20%, we’re effectively optimizing product costs, executing our supply-chain strategy, and improving operational efficiency despite challenging market conditions.” Shipments surged to 684,000 units in the first quarter, bringing the total number of vehicles on the road with ECARX technology to over 8.7 million. This growth was fueled by the remarkable success of Geely’s Galaxy brand, which saw sales increase by more than 290% year-over-year in March alone. We secured 8 new project wins under Geely’s new foundational E/E architecture – showcasing our ability to provide high-quality, customized solutions with speed and precision for its next-generation vehicles. Innovation remains as the cornerstone of our strategy, highlighted by our successful integration of intelligent cockpit, driving, and parking capabilities into the Antora 1000 SPB, which has already passed road testing. We also introduced ECARXperience, our advanced generative in-vehicle HMI system powered by our proprietary AutoGPT AI large model application. These achievements, coupled with our first public offering since listing – securing US$45 million to accelerate our global expansion – position us to capture the tremendous opportunities ahead as we continue to drive the industry’s transition to software-defined, intelligent vehicles and build long-term value for our shareholders.”