Streetbeat News

ECX

ECARX Holdings, Inc.

https://www.ecarxgroup.com

Industry

Auto - Parts

ECARX Holdings, Inc. engages in the design, development, and delivery of vehicle technology. Its products include infotainment head units, digital cockpits, vehicle chip-set, operating system and software stack. The company was founded in 2017 and is based in Shanghai, China with an additional office in Europe.

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Shares of companies within the broader consumer discretionary sector are trading higher following strong economic data that helps ease recession concerns.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 5:46 pm

Ecarx Holdings Inc. (NASDAQ: ECX) reported a 31% revenue growth in Q2, primarily driven by sales to Geely and its subsidiaries. Despite efforts to diversify, Ecarx remains heavily reliant on Geely, posing a risk if the relationship weakens. The company's gross profit margin dropped, and net loss increased significantly. Ecarx is attempting to expand its customer base, including a new design win from a European automaker and ongoing projects with non-Geely automakers.

Portfolio Pulse from The Bamboo Works

August 14, 2024 | 3:28 pm

ECARX Holdings (NASDAQ:ECX) reported Q2 2024 GAAP EPS of $(0.12), missing the $(0.08) estimate, but achieved sales of $173.000M, beating the $169.746M estimate. EPS decreased by 71.43% year-over-year, while sales increased by 31.66%.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:16 am

Ecarx has sold a minority stake in HaleyTek to Volvo Cars. The terms of the deal were not disclosed. Ecarx will continue to collaborate with Volvo and HaleyTek on developing automotive software.

Portfolio Pulse from charles@benzinga.com

August 01, 2024 | 10:09 am

ECARX shares are trading higher following the announcement of a partnership with DXC Luxoft to accelerate the development of in-vehicle capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:50 pm

ECARX shares are trading higher following the announcement of a partnership with DXC Luxoft to accelerate the development of in-vehicle capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:25 pm

DXC Technology Company (NYSE:DXC) and ECARX Holdings Inc. (NASDAQ:ECX) have announced a collaboration to enhance in-vehicle functionalities, including infotainment systems and advanced driver assistance systems. This partnership aims to streamline software-defined vehicle capabilities for automotive OEMs. DXC recently reported strong earnings, beating analyst estimates.

Portfolio Pulse from Lekha Gupta

June 25, 2024 | 10:58 am

ECARX (NASDAQ:ECX) and DXC Luxoft (NYSE:DXC) have announced a partnership to enhance in-vehicle technology, focusing on infotainment, digital cockpits, and advanced driver assistance systems. This collaboration aims to provide automotive OEMs with innovative solutions for software-defined vehicles, leveraging ECARX's hardware and software and DXC Luxoft's software integration expertise.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 7:03 am

The article highlights significant intraday movements in consumer discretionary stocks on Friday. Notable gainers include Kaival Brands Innovations (KAVL), SRIVARU Holding (SVMH), and MOGU (MOGU). On the losing side, AMMO (POWW), Zapp Electric Vehicles (ZAPP), and RH (RH) experienced substantial declines, with earnings reports influencing some of these movements.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 4:32 pm

U.S. stocks were mostly lower on Friday, with the Dow Jones index falling around 300 points. However, several stocks saw significant gains. Hasbro, Inc. (NASDAQ:HAS) rose 5.5% after an upgrade from B of A Securities. Disc Medicine, Inc. (NASDAQ:IRON) gained 15.6% following a $178 million underwritten offering. UroGen Pharma Ltd. (NASDAQ:URGN) rose 15.4% due to positive Phase 3 trial results. Adobe Inc. (NASDAQ:ADBE) surged 14.3% on strong earnings. Other notable gainers include Ocular Therapeutix, Inc. (NASDAQ:OCUL), VinFast Auto Ltd. (NASDAQ:VFS), Tutor Perini Corporation (NYSE:TPC), and Arm Holdings plc (NASDAQ:ARM).

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 2:29 pm

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