Ecarx Holdings Inc.
ir.ecarxgroup.comWhat Do They Do?
Sells automotive computing platforms and chip modules to automakers and automotive suppliers, along with software for vehicle cockpits, driving systems and centralized computing.
20-F for FY2025, filed Mar 30, 2026a.Automotive computing platform, which Tier 1 automotive suppliers or the Original Equipment Manufacturers (“OEM”) purchase from the Group…View ↗
We distinguish ourselves by developing full-stack technology solutions that accelerate the future of software-defined vehicles. Our…View ↗
We offer scalable ADAS solutions covering parking assistance systems (PAS), smart camera solutions and ADAS domain controllers and…View ↗
We are an early mover in fusion platforms, offering both “OneBox” and “OneChip” solutions. The fusion platform supports flexible E/E…View ↗
How Do They Make Money?
Most revenue comes from sales of automotive computing platforms, SoC modules and other vehicle electronics to automakers and automotive suppliers; those sales are tied to customer acceptance. Tier 1 suppliers also license software, with royalties on perpetual licenses tied to their later sales.
20-F for FY2025, filed Mar 30, 2026a.Automotive computing platform, which Tier 1 automotive suppliers or the Original Equipment Manufacturers (“OEM”) purchase from the Group…View ↗
The Group is mainly engaged by the related parties to manufacture and sell automotive computing platforms. The Group also generates revenue…View ↗
The Group generates revenues from licensing its software to its customers, which are Tier 1 automotive suppliers, in two types of…View ↗
The Group’s software licenses have significant standalone functionality which is not expected to substantively change during the license…View ↗
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20-F for FY2025, filed Mar 30, 2026
FY2025 revenue by product or service ↗
$847.9M
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20-F for FY2025, filed Mar 30, 2026
$847.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Sales of goods revenues
Sold outright
20-F for FY2025, filed Mar 30, 2026 |
83%
FY2022: 68%
|
Sales of goods revenues, FY2025
$703.1M Sources
|
Sold outright |
|
Software license revenues
Licensed
|
3.5%
FY2022: 11%
|
Software license revenues, FY2025
$29.7M Sources
|
Licensed |
Who Are Their Customers?
Automakers and Tier 1 automotive suppliers buy computing platforms and modules directly; Tier 1 suppliers also buy software licenses.
20-F for FY2025, filed Mar 30, 2026
20-F for FY2025, filed Mar 30, 2026
The Group currently has a concentrated customer base with a limited number of key customers, particularly Geely Group and its subsidiaries.…View ↗
Do Revenues Turn Into Profits?
No. It lost $66M in FY2025.
How Are They Changing?
ADAS moves into product offerings
The older report described ADAS and highway-driving features as software under development; the latest report describes scalable parking, camera and domain-controller platforms.
20-F for FY2022, filed Apr 24, 2023 20-F for FY2025, filed Mar 30, 2026We provide a service software framework to connect the application layer to the OS layer of the overall cockpit system, in addition to a…View ↗
We offer scalable ADAS solutions covering parking assistance systems (PAS), smart camera solutions and ADAS domain controllers and…View ↗
Central computing becomes an offered platform
The older report said a central computing platform was in development; the latest report offers OneBox and OneChip fusion solutions.
20-F for FY2022, filed Apr 24, 2023 20-F for FY2025, filed Mar 30, 2026We plan to launch the Automotive Central Computing Platform to move from a domain-based E/E architecture to a more centralized computing…View ↗
We are an early mover in fusion platforms, offering both “OneBox” and “OneChip” solutions. The fusion platform supports flexible E/E…View ↗
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