ECARX achieves 50% YoY surge in Q3 2023 revenue

Beijing (Gasgoo)- On November 9, Geely-backed mobility technology company ECARX announced its quarterly financial report, revealing a remarkable performance for the third quarter of this year. 

The company achieved a revenue of 1.08 billion yuan in the third quarter of this year, marking a substantial 50% year-on-year growth. Meanwhile, its gross profit reached 330 million yuan, showcasing a remarkable 140% soar from a year ago.

Photo credit: ECARX

In October, the Lynk & Co 08 EM-P model, leveraging its intelligent features, realized monthly sales surpassing 8,000 units. Notably, the Lynk & Co 08 is the first model equipped with ECARX's Antora1000 Pro computing platform and Flyme Auto smart cockpit operating system. The Antora series computing platform is a digital cockpit solution by ECARX, and it has been officially announced to be integrated into the Lynk & Co 06 EM-P.

Beyond the digital cockpit computing platform and smart cockpit operating system, ECARX's Tianqiong Pro (name in Chinese pinyin) intelligent driving computing platform has also entered mass production and delivery stage. Following subsequent upgrades, it will support advanced ADAS features such as City NOA and HPA Memory Parking. 

Throughout this year, ECARX has expanded its global presence, collaborating with various automakers, including Changan Mazda, Dongfeng Peugeot Citroën, smart, Polestar, and Volvo Cars. 

On November 8th, the company announced a collaboration with V2X solution developer PATEO, intending to integrate their collaborative technology into new vehicle models across multiple brands. By the end of the third quarter, ECARX's technology has been deployed in over 5.6 million vehicles.

Up to now, ECARX has established an R&D center in the US, a marketing and design manufacturing center in Germany, as well as 11 global operating centers in China, the UK, the US, Sweden, Germany, and Malaysia.