Achieving Profitability
ECARX achieved EBITDA breakeven with USD 8.3 million and became net profitable for the first time with a net profit of USD 0.9 million.
Strong Revenue Growth
Revenue grew by 11% year-over-year and 41% quarter-over-quarter to USD 219.9 million. Gross profit increased by 39% year-over-year, lifting gross margin to 22%.
Significant Partnerships and Pipeline Expansion
ECARX secured a second project with a leading European automaker, adding USD 400 million in lifetime revenue, bringing total contracted lifetime revenue to over USD 2.5 billion.
Record Shipments
Shipments reached approximately 667,000 units, up 51% year-over-year, with Antora series reaching a record high of 196,000 units.
Global Expansion
ECARX continues to expand globally, with a strong project pipeline in Europe and the Americas, representing more than USD 2.5 billion in total lifetime revenue.