Ecarx Holdings Inc.
NASDAQ:ECX

  • LAST PRICE
    1.8000
  • TODAY'S CHANGE (%)
    0.1900 (11.8012%)
  • Bid / Lots
    1.6800/ 10
  • Ask / Lots
    1.9600/ 4
  • Open / Previous Close
    1.6100 / 1.6100
  • Day Range
    1.6070
    1.8000
  • 52 Week Range
    0.9621
    3.4400
  • Volume
    56,282

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  • Nov 22, 2024

  • Nov 18, 2024

      Show headlines and story abstract

    • 5:49PM ET on Monday Nov 18, 2024 by MT Newswires
      Companies Mentioned: ECX
      05:49 PM EST, 11/18/2024 (MT Newswires) -- Ecarx (ECX) said Monday it agreed to a components procurement, and research and development services deal with Geely Automobile, Zhejiang HUANFU and Hangzhou Langge. Under the agreement, Geely will purchase...

    • 4:30PM ET on Monday Nov 18, 2024 by Dow Jones
      Companies Mentioned: GELYY, ECX

      ECARX Signs Components Procurement and R&D Services Agreement with Geely Auto

      SHANGHAI, Nov. 18, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (Nasdaq: ECX) ("ECARX"), a global mobility tech provider, today announced that, on November 14, 2024, it entered into a components procurement and R&D services agreement with Geely Automobile Holdings Limited (HKEX: 0175) ("Geely Auto"), Zhejiang HUANFU and Hangzhou Langge (the "Components Procurement and R&D Services Agreement"), pursuant to which Geely Auto agrees to, subject to certain conditions set forth therein, purchase automobile components and R&D services from the Company, Zhejiang HUANFU Technology Co., Ltd. and Hangzhou Langge Technology Co., Ltd. (collectively, the "Supplier Group") to further enhance the driving technology system for new energy vehicles of Geely Auto. The agreement has a term of three years and ends on December 31, 2027. The aggregated annual caps covered by the Components Procurement and R&D Services Agreement -- totaling RMB6,387.281 million, RMB6,430.855 million and RMB6,489.889 million for the Supplier Group for 2025, 2026 and 2027, respectively -- will be exempt from the requirement of the approvals of independent shareholders of Geely Auto pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"); and the parties are not restrained from transacting beyond the exempt amounts under this agreement as long as Geely Auto has complied with the requirements under the Listing Rules. The rights and obligations of the parties to the agreement are subject to the fulfilment (or waiver, as applicable) of various conditions precedent.

    • 4:30PM ET on Monday Nov 18, 2024 by Dow Jones
      Companies Mentioned: ECX

      ECARX Signs Components Procurement and R&D Services Agreement with Geely Auto

      SHANGHAI, Nov. 18, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (Nasdaq: ECX) ("ECARX"), a global mobility tech provider, today announced that, on November 14, 2024, it entered into a components procurement and R&D services agreement with Geely Automobile Holdings Limited (HKEX: 0175) ("Geely Auto"), Zhejiang HUANFU and Hangzhou Langge (the "Components Procurement and R&D Services Agreement"), pursuant to which Geely Auto agrees to, subject to certain conditions set forth therein, purchase automobile components and R&D services from the Company, Zhejiang HUANFU Technology Co., Ltd. and Hangzhou Langge Technology Co., Ltd. (collectively, the "Supplier Group") to further enhance the driving technology system for new energy vehicles of Geely Auto. The agreement has a term of three years and ends on December 31, 2027. The aggregated annual caps covered by the Components Procurement and R&D Services Agreement -- totaling RMB6,387.281 million, RMB6,430.855 million and RMB6,489.889 million for the Supplier Group for 2025, 2026 and 2027, respectively -- will be exempt from the requirement of the approvals of independent shareholders of Geely Auto pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"); and the parties are not restrained from transacting beyond the exempt amounts under this agreement as long as Geely Auto has complied with the requirements under the Listing Rules. The rights and obligations of the parties to the agreement are subject to the fulfilment (or waiver, as applicable) of various conditions precedent.

  • Nov 7, 2024

      Show headlines and story abstract

    • 7:00AM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: ECX
      ECARX Holdings Inc. Unaudited Condensed Consolidated Statement of Comprehensive Loss Nine Months Ended Three Months Ended September 30 September 30 --------------------------------- 2023 2024 2024 2023 2024 2024 ----------- ------- ----------- ----------- ------- Millions, except otherwise noted RMB RMB USD RMB RMB USD Revenue Sales of goods revenue 1,998.5 2,880.6 410.5 734.2 1,179.9 168.1 Software license revenue 352.2 215.8 30.8 136.6 84.0 12.0 Service revenue 474.5 524.2 74.7 217.8 161.4 23.0 ----------- ----------- ------- ----------- ----------- ------- Total revenue 2,825.2 3,620.6 516.0 1,088.6 1,425.3 203.1 ----------- ----------- ------- ----------- ----------- ------- Cost of goods sold (1,566.4) (2,507.6) (357.3) (566.2) (1,074.6) (153.1) Cost of software licenses (98.5) (77.5) (11.0) (61.3) (33.4) (4.8) Cost of services (317.3) (292.2) (41.6) (131.6) (69.8) (9.9) ----------- ----------- ------- ----------- ----------- ------- Total cost of revenue (1,982.2) (2,877.3) (409.9) (759.1) (1,177.8) (167.8) ----------- ----------- ------- ----------- ----------- ------- Gross profit 843.0 743.3 106.1 329.5 247.5 35.3 ----------- ----------- ------- ----------- ----------- ------- Research and development expenses (790.9) (917.6) (130.8) (309.3) (344.2) (49.0) Selling, general and administrative expenses and others, net (669.0) (619.7) (88.3) (260.6) (211.6) (30.2) ----------- ----------- ------- ----------- ----------- ------- Total operating expenses (1,459.9) (1,537.3) (219.1) (569.9) (555.8) (79.2) ----------- ----------- ------- ----------- ----------- ------- Loss from operation (616.9) (794.0) (113.0) (240.4) (308.3) (43.9) ----------- ----------- ------- ----------- ----------- ------- Interest income 22.9 16.5 2.4 5.0 5.3 0.8 Interest expense (58.1) (73.4) (10.5) (19.9) (27.9) (4.0) Share of results of equity method investments (35.7) (76.2) (10.9) (10.3) (8.6) (1.2) Foreign currency exchange (losses)/gains (14.1) (3.6) (0.5) 20.6 0.9 0.1 Others, net 13.3 (18.8) (2.7) (38.1) (0.3) -- ----------- ----------- ------- ----------- ----------- ------- Loss before income taxes (688.6) (949.5) (135.2) (283.1) (338.9) (48.2) ----------- ----------- ------- ----------- ----------- ------- Income tax expense (0.3) (0.9) (0.1) -- (1.1) (0.2) ----------- ----------- ------- ----------- ----------- ------- Net loss (688.9) (950.4) (135.3) (283.1) (340.0) (48.4) ----------- ----------- ------- ----------- ----------- ------- Net loss attributable to non-controlling interests 47.0 54.4 7.8 16.3 14.6 2.1 ----------- ----------- ------- ----------- ----------- ------- Net loss attributable to ECARX Holdings Inc. ordinary shareholders (641.9) (896.0) (127.5) (266.8) (325.4) (46.3) ----------- ----------- ------- ----------- ----------- ------- Net loss (688.9) (950.4) (135.3) (283.1) (340.0) (48.4) Other comprehensive loss: Foreign currency translation adjustments, net of nil income taxes 25.2 (8.5) (1.2) (23.8) 5.0 0.7 ----------- ----------- ------- ----------- ----------- ------- Comprehensive loss (663.7) (958.9) (136.5) (306.9) (335.0) (47.7) ----------- ----------- ------- ----------- ----------- ------- Comprehensive loss attributable to non-redeemable non-controlling interests 47.0 54.4 7.8 16.3 14.6 2.1 ----------- ----------- ------- ----------- ----------- ------- Comprehensive loss attributable to ECARX Holdings Inc. (616.7) (904.5) (128.7) (290.6) (320.4) (45.6) =========== =========== ======= =========== =========== ======= Loss per ordinary share -- Basic and diluted loss per share, ordinary shares (1.90) (2.66) (0.38) (0.79) (0.97) (0.14) Weighted average number of ordinary shares used in computing loss per ordinary share -- Weighted average number of ordinary shares 337,395,390 336,667,041 337,395,390 334,158,093

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