ECARX Secures Over $1 Billion in Global Contracts in Q2 2025 While Positioning for EBITDA Break-Even

ECARX Holdings Inc. (NASDAQ: ECX) reported securing global contract wins with lifetime revenue exceeding $1 billion during the second quarter of 2025, marking a significant milestone in the mobility technology provider's international expansion efforts. The company achieved this despite a 10% year-over-year revenue decline to $155.6 million, attributing the decrease to seasonal headwinds and contract timing while maintaining confidence in its path to profitability.

The $1 billion in contract wins underscores ECARX's growing global business footprint beyond its Chinese roots. The company collaborated with a local partner to supply one of China's top-five automakers while developing a next-generation intelligent cockpit operating system for a premium global brand. Shipment of its Antora® series solution reached 135,000 units during the quarter, representing a 112% year-over-year increase, demonstrating strong market adoption of its integrated technology offerings.

Technological advancements played a crucial role in driving these achievements. ECARX upgraded its ECARX AutoGPT in-vehicle AI large model application, integrating it with the DeepSeek-RI model to deliver faster, more secure, and personalized user experiences. The enhancement expands local processing capabilities while improving reasoning and decision-making for automotive-specific applications. According to the company, these improvements also enhance data privacy, reduce latency, and lower data transmission and storage costs, addressing critical concerns for automakers operating under strict privacy regulations.

The company showcased its AI-driven intelligent cockpit and driving solutions at the 2025 World Artificial Intelligence Conference in Shanghai, demonstrating how its Antora® series computing platform and AI-powered solutions help global automakers maintain technological leadership. This technological prowess earned ECARX the Technical Development & Innovation award at Volkswagen Brazil's "the One" conference in Rio de Janeiro, reflecting the company's expanding worldwide presence and growing impact on the global automotive industry.

Customer relationships strengthened significantly during the quarter, with ECARX announcing that its AI Enhanced Antora® 1000 computing platform and Cloudpeak® cross-domain software stack are powering the intelligent cockpit of the Geely Galaxy A7 plug-in hybrid sedan. This expansion into the high-volume family sedan segment indicates deeper integration of ECARX's solutions across Geely's ecosystem. The company's applications now feature in many Geely best-selling models, including the Galaxy brand, which ECARX identified as the fastest neighborhood electric vehicle brand to surpass one million cumulative sales.

FAW Group Co. continues utilizing ECARX's automotive technology in its Hongqi Tiangong 05 all-electric sedan launched in January, while ECARX's Cloudpeak® cross-domain software stack powers the global launch of the Volvo EX30 Cross Country compact electric SUV. These partnerships demonstrate the company's ability to serve diverse automotive segments from luxury to mass market vehicles.

Global expansion received a significant boost through the acquisition of three critical certifications: ASPICE v4.0 CL3 (Automotive SPICE Capability Level 3), ISO9001 (Quality Management Systems), ISO14001 (Environmental Management Systems), and ISO45001 (Occupational Health & Safety). These certifications cover the entire lifecycle from design and R&D to quality control and sales of intelligent cockpit and intelligent driving solutions. Internationally recognized as prerequisites for collaboration with leading automakers, these certifications accelerate ECARX's global strategy and remove barriers to entry in developed markets with stringent quality, environmental, and safety standards.

The company officially opened its new global headquarters in Singapore, described as a strategic hub to accelerate globalization and strengthen its positioning as an international technology brand. For ECARX, whose solutions power over 9.3 million vehicles worldwide, these developments create a clearer path to integration with global automotive platforms and enhance competitive positioning when bidding on new projects.

Despite second-quarter challenges, ECARX maintains a robust pipeline of new projects expected to launch over the next two quarters. The company remains on track to achieve EBITDA break-even in each remaining quarter and for full-year 2025, while delivering close to 20% revenue growth for the year. With total cash of $99.2 million as of June 30, 2025, and disciplined execution reducing operating expenses by 20% to $57.2 million, ECARX demonstrates financial discipline while pursuing aggressive growth objectives in the rapidly evolving software-defined vehicle market.