ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX” or the “Company”), a
global automotive technology provider, today announced the
successful launch of its new office in Stuttgart, Germany.
This development marks a significant milestone
for ECARX, reflecting the Company’s dedication to growth and its
ongoing commitment to delivering cutting-edge infotainment,
connectivity, and advanced driver assistance system (ADAS)
technology to automotive OEMs by adding a third hub in Europe
alongside those already present in Sweden and the United
Kingdom.
Inaugurated on February 1, 2024, the German
office will serve as a pivotal hub for sales and technical business
development, strategically positioned in the established heartland
of the European automotive industry to cater predominantly for
European clients. The Company’s decision to establish a presence in
Stuttgart underscores its mission to achieve customer excellence
and foster stronger connections with leading automakers by
providing exceptional support and tailored software solutions.
Peter Cirino, ECARX chief operating officer,
said, “We are excited to take another step forward in expanding our
global footprint, reinforcing our commitment to accelerating the
future of software-defined vehicles. The new Stuttgart location is
a crucial addition to our network, allowing us to better serve our
European clients by offering bespoke solutions designed to meet
their unique requirements, delivered in close partnership with our
local engineering teams.”
The fast-growing team based in the Stuttgart
facility – currently recruiting for key positions including
software architects, functional safety engineers, and key account
managers – will work closely with their counterparts in ECARX’s
global network. This includes Stockholm, Sweden, which incorporates
HaleyTek, a joint-venture between Volvo and ECARX, London, United
Kingdom, San Diego, United States of America, and Shanghai, China
to develop applications for ECARX’s key product lines: digital
cockpit computing platforms, digital cockpit software stacks, and
central computing platforms that combine digital cockpit and ADAS
controllers in one powerful, fully-integrated solution.
The customer-facing engineering teams in
Stuttgart will play a vital role in facilitating future client
development and enabling them to bring world-class technologies to
market quicker than ever before, while at the same time reducing
cost, complexity, and enhancing robustness.
ECARX’s continued growth, including the
Stuttgart office, positions it at the forefront of the automotive
technology landscape, enabling the Company to stay at the vanguard
of industry trends and evolving customer needs.
About ECARX
ECARX (Nasdaq: ECX) is a global automotive
technology provider with the capabilities to deliver turnkey
solutions for next-generation smart vehicles, from the system on a
chip (SoC), to central computing platforms, and software. As
automakers develop new electric vehicle architectures from the
ground up, ECARX is developing full-stack solutions to enhance the
user experience, while reducing complexity and cost.
Founded in 2017 and listed on the Nasdaq in
2022, ECARX now has almost 2,000 employees based in 11 major
locations in UK, USA, Sweden, China and Germany. The co-founders
are two automotive entrepreneurs, Chairman and CEO Ziyu Shen, and
Eric Li (Li Shufu), who is also the founder and chairman of
Zhejiang Geely Holding Group — with ownership interests in global
brands including Lotus, Lynk & Co, Polestar, smart, and Volvo
Cars. ECARX also works with other well-known automakers, including
FAW and Dongfeng Peugeot-Citroën. To date, ECARX products can be
found in over 5.6 million vehicles worldwide.
Forward-Looking Statements
This release contains
statements that are forward-looking statements within the meaning
of the U.S. Private Securities Litigation Reform Act of 1995. These
statements are based on management’s beliefs and expectations as
well as on assumptions made by and data currently available to
management, appear in a number of places throughout this document
and include statements regarding, amongst other things, results of
operations, financial condition, liquidity, prospects, growth,
strategies and the industry in which we operate. The use of words
“expects”, “intends”, “anticipates”, “estimates”, “predicts”,
“believes”, “should”, “potential”, “may”, “preliminary”,
“forecast”, “objective”, “plan”, or “target”, and other similar
expressions are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future
performance and are subject to a number of risks and uncertainties
that could cause actual results to differ materially, including,
but not limited to statements regarding our intentions, beliefs or
current expectations concerning, among other things, results of
operations, financial condition, liquidity, prospects, growth,
strategies, future market conditions or economic performance and
developments in the capital and credit markets and expected future
financial performance, and the markets in which we operate.
For a discussion of
these and other risks and uncertainties that could cause actual
results to differ materially from those expressed in any
forward-looking statement, see ECARX’s filings with the U.S.
Securities and Exchange Commission. ECARX undertakes no obligation
to update or revise and forward-looking statements to reflect
subsequent events or circumstances, except as required by
applicable law.
Investor
Contacts:
Rene
Duir@ecarxgroup.com
Media
Contact:
media@ecarxgroup.com
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