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ECARX Holdings Inc. Class A Ordinary shares (ECX)


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Upturn Advisory Summary
10/15/2025: ECX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $3.68
1 Year Target Price $3.68
6 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -83.07% | Avg. Invested days 31 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 790.53M USD | Price to earnings Ratio - | 1Y Target Price 3.68 |
Price to earnings Ratio - | 1Y Target Price 3.68 | ||
Volume (30-day avg) 6 | Beta 0.7 | 52 Weeks Range 0.76 - 3.25 | Updated Date 10/15/2025 |
52 Weeks Range 0.76 - 3.25 | Updated Date 10/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.35 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -18.79% | Operating Margin (TTM) -31.89% |
Management Effectiveness
Return on Assets (TTM) -14.9% | Return on Equity (TTM) -2237.58% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 1040561892 | Price to Sales(TTM) 1.04 |
Enterprise Value 1040561892 | Price to Sales(TTM) 1.04 | ||
Enterprise Value to Revenue 1.33 | Enterprise Value to EBITDA -0.87 | Shares Outstanding 303830359 | Shares Floating 123836605 |
Shares Outstanding 303830359 | Shares Floating 123836605 | ||
Percent Insiders 59.24 | Percent Institutions 5.76 |
Upturn AI SWOT
ECARX Holdings Inc. Class A Ordinary shares
Company Overview
History and Background
ECARX Holdings Inc. was founded in 2016 by Eric Li (Li Shufu) and Shen Ziyu, focusing on developing automotive technology solutions. It merged with COVA Acquisition Corp., a special purpose acquisition company (SPAC), and began trading on the Nasdaq under the ticker symbol ECX on December 21, 2022.
Core Business Areas
- Automotive Intelligence: ECARX designs, develops, and offers automotive intelligence solutions, including infotainment systems, digital cockpits, software and hardware solutions for connected car technology.
- Chip Design: ECARX has ventures into chip design, aiming to integrate its software and hardware offerings more deeply.
Leadership and Structure
Ziyu Shen serves as the Chairman and CEO. The organizational structure includes departments for R&D, product development, sales, and operations. ECARX collaborates with automakers like Geely and Lotus.
Top Products and Market Share
Key Offerings
- Infotainment Systems: ECARX's infotainment systems are integrated into several car models. Market share data is not readily available, but they compete with companies like Harman, Visteon, and Bosch. Revenue contribution of this segment is difficult to derive.
- Digital Cockpits: ECARX provides digital cockpit solutions enhancing driver and passenger experience. Market share details are limited but they are competing with the likes of Panasonic and Aptiv. Revenue contribution of this segment is difficult to derive.
- Automotive Chips: ECARX produces automotive chips in partnership with other companies. The chips are used to power infotainment and ADAS systems. Competitors include Qualcomm and Nvidia. Revenue contribution of this segment is difficult to derive.
Market Dynamics
Industry Overview
The automotive technology industry is experiencing rapid growth, driven by increasing demand for connected, autonomous, shared, and electric (CASE) vehicles. Software-defined vehicles and advanced driver-assistance systems (ADAS) are key areas of focus.
Positioning
ECARX aims to be a leading provider of automotive intelligence solutions, focusing on the Chinese market and expanding globally. Their competitive advantage lies in close collaboration with automakers and integrated hardware/software offerings.
Total Addressable Market (TAM)
The global automotive software market is projected to reach hundreds of billions of dollars in the coming years. ECARX is positioned to capture a share of this TAM through its partnerships and technology offerings.
Upturn SWOT Analysis
Strengths
- Strong relationships with major automakers (e.g., Geely)
- Integrated hardware and software solutions
- Focus on the rapidly growing Chinese automotive market
- Innovative product development capabilities
Weaknesses
- Relatively young company with limited financial resources compared to established competitors
- Dependence on a few key customers
- Limited global brand recognition
- Supply Chain vulnerabilities
Opportunities
- Expanding partnerships with global automakers
- Growing demand for advanced automotive technology solutions
- Increasing adoption of electric vehicles and autonomous driving
- Expanding into new geographic markets
Threats
- Intense competition from established automotive technology providers
- Rapid technological changes
- Economic downturns impacting automotive sales
- Regulatory changes affecting the automotive industry
Competitors and Market Share
Key Competitors
- NVDA
- QCOM
- MTSI
- GSA.PA
Competitive Landscape
ECARX faces competition from established players with greater resources and brand recognition. Its strength lies in its close relationships with Chinese automakers and innovative product offerings. ECARX competes by providing an integrated hardware and software stack, giving it a competitive edge in cost and performance.
Growth Trajectory and Initiatives
Historical Growth: Limited historical data available due to recent SPAC merger.
Future Projections: Analyst estimates vary, but generally project growth in revenue driven by increasing adoption of ECARX's solutions by automakers.
Recent Initiatives: Partnerships with automakers for integrating ECARX technology, expansion into new product areas (e.g., chip design).
Summary
ECARX is a relatively young company with innovative technology and strong partnerships in the automotive industry, particularly with Geely. The company faces competition from established tech giants and needs to navigate potential economic downturns. ECARX's growth depends on expanding its customer base, leveraging its integrated hardware/software solutions, and successful entry into new markets like chip design. Its recent SPAC merger provides capital, but also introduces scrutiny, with financials yet to be fully detailed.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ECARX Holdings Inc. SEC Filings
- Analyst Reports
- Industry News and Publications
Disclaimers:
This analysis is based on available information and is subject to change. It does not constitute financial advice. Market share estimates are approximate and may vary depending on the source.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ECARX Holdings Inc. Class A Ordinary shares
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2022-12-20 | CEO & Chairman Mr. Ziyu Shen | ||
Sector Consumer Cyclical | Industry Auto Parts | Full time employees 1600 | Website https://www.ecarxgroup.com |
Full time employees 1600 | Website https://www.ecarxgroup.com |
ECARX Holdings Inc. develops full-stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology of smart mobility in China and internationally. The company offers system on a chip, central computing platforms, operating systems, and software. Its core products include infotainment head units, autonomous driving control units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack. It has entered into a strategic partnership agreement with Black Sesame Technologies. ECARX Holdings Inc. was founded in 2017 and is based in Shanghai, the People's Republic of China.

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