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On Thu, 6 Mar, 12:04 AM UTC
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From Diversification To New Technology, Ecarx Is In The Driver's Seat - Geely Automobile Hldgs (OTC:GELYF), ECARX Holdings (NASDAQ:ECX)
Vehicles aren't only getting safer, they're becoming smarter, thanks to advances in cockpit technology. Fueled on by electric vehicles, advanced driver assistance systems, artificial intelligence and in-car connectivity, consumers can now get more than a steering wheel when they get in the driver's seat. With these systems, drivers can access real-time data via a simple voice command, easily sync with their smartphones to make calls and play music and even get weather and movie times based on their exact location at any given time. It's no wonder the smart cockpit market is projected to grow at a CAGR of around 20% between now and 2034. Ecarx Holdings Inc. ECX, the Chinese automotive technology provider, is aiming to capitalize on this shift, leveraging its years of expertise in automotive technology to deliver full-stack solutions the company says enhance intelligence, connectivity and efficiency of next-generation vehicles. The company melds software, hypervision, operating systems and application software into one offering to provide vehicle manufacturers and OEMs with a single system that it says reduces costs and complexity. Ecarx should know a thing or two about automotive technology; after all, it is the brainchild of two automotive entrepreneurs - chairperson and CEO Ziyu Shen, and Eric Li (Li Shufu), who is also the founder and chairperson of Zhejiang Geely Holding Group GELYF. Launched in 2017, Ecarx has over 1,800 employees in 12 locations around the world, including China, the U.K., the U.S., Sweden, Germany and Malaysia. The company says its products can be found in over 7.3 million vehicles worldwide. Helping Drive Geely's Sales The company's automotive technology prowess isn't lost on vehicle manufacturers either, which are benefiting from integrating Ecarx's technology into their vehicles. Take Geely Automobiles for one example. Ecarx said its full stack of automotive solutions helped Geely post sales of 266,700 vehicles in January 2025. Ecarx's solutions are found in a range of Geely brands, including Geely Galaxy and Lynk & Co., which the company says enhance vehicle intelligence, improve the user experience and contribute to the car company's increase in sales. "Ecarx is committed to driving innovation and delivering exceptional value to our customers," said Shen. "Our long-term collaboration with Geely highlights how our solutions empower automakers to accelerate sales growth and strengthen their competitive edge by offering the consumer a unique vehicle experience. Our ability to rapidly adapt and deploy these solutions across various models and brands globally, regardless of powertrain, optimizes costs and allows automakers to keep pace with the rapidly evolving automotive landscape." Diversifying Beyond Geely But Ecarx is not working with Geely alone. The company has been diversifying and announcing new partners, including its deal with FAW Group Co., a Chinese automaker. FAW is using Ecarx's automotive technology in its Hongqi Tiangong 05 all-electric sedan, which it launched in January. Ecarx says the Tiangong 05's intelligent cockpit will be powered by Ecarx's Antora 1000 Pro computing platform and integrated with customized Hongqi FAW OS on top of Ecarx Cloudpeak and the recently upgraded Ecarx AutoGPT in-vehicle AI large model application. That, says the companies, will set a new industry benchmark with an immersive and AI-driven intelligent cockpit experience. To make it a reality, Ecarx and FAW combined their research and development capabilities and technological strengths over the past year to build an end-to-end value chain for the development of intelligent cockpits - from software and hardware design to system integration. This solution will be replicated and scaled across future Hongqi models, providing what the companies say is a cost-effective and streamlined approach. "Deploying our AI-driven intelligent cockpit solution in the Tiangong 05 is a significant milestone in the journey we embarked on with FAW last year to bring rapid change, technical advancement, and innovation to the sector," said Shen. "In particular, the deep integration of Ecarx AutoGPT with DeepSeek-R1 is set to redefine in-vehicle connectivity and performance, empowering more drivers with intuitive AI-driven solutions that align with the rapidly evolving demands of next-generation mobility." The company's ability to diversify beyond Geely is one of the reasons UBS recently initiated coverage of Ecarx with a buy rating. In a research report, UBS said it expects Ecarx's diversification to begin to boost results. "Ecarx has been expanding its client base to non-Geely brands for a number of years and has won orders from FAW Hongqi and overseas OEMs. We expect the company to diversify its client mix and forecast revenue contribution from non-Geely brands to rise to 23% of total revenue in 2027," wrote UBS. The Wall Street firm expects a 52% earnings CAGR between 2026 and 2028. Technology Advances Continue Unabated If Ecarx wasn't busy enough diversifying its revenue stream, the company is also at work advancing the technology it has pioneered. Take its recent upgrade of its Ecarx AutoGPT in-vehicle AI large model application which is integrated with DeepSeek-RI model, for one example. The upgrade is resulting in a faster, more secure and more personalized experience for users, reports Ecarx. It also expands AutoGPT's local processing capabilities and enhances reasoning and decision-making ability for automotive-specific applications. According to Ecarx, it also improves data privacy, lowers latency and decreases data transmissions and storage costs. Car companies using it won't have to worry about running afoul of local privacy regulations. "This upgrade highlights the unique value proposition we offer to global automakers with our cutting-edge technology and growing ecosystem of strategic partnerships -- something we believe is crucial to driving the long-term sustainable development of the global automotive industry as it evolves towards software-defined vehicles," says Shen. This isn't your conventional vehicle cockpit. Thanks to AI, your cockpit can do so much more than get you from point A to point B. Ecarx is among the players enabling that with its advanced technology and deep partnerships, and it hopes to be a leader in shaping the future of the smart mobility market. Featured photo by Anatolii Nesterov on Unsplash. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. ECXECARX Holdings Inc$2.32-0.43%OverviewGELYFGeely Automobile Holdings Ltd$1.55-28.9%Market News and Data brought to you by Benzinga APIs
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ECARX Integrates DriveDreamer World Model into AutoGPT - ECARX Holdings (NASDAQ:ECX)
SHANGHAI, March 05, 2025 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. ECX ("ECARX" or the "Company"), a global mobility tech provider, today announced further upgrades to its AutoGPT in-vehicle AI large model application with the integration of GigaAI's DriveDreamer World Model ("DriveDreamer"). This strategic integration will enhance AutoGPT's understanding of the surrounding environment and empower automakers to accelerate autonomous driving development cycles, reduce development costs, and deliver hyper-personalized intelligent cockpit experiences. DriveDreamer advances autonomous driving by expanding virtual simulation capabilities to generate diverse driving scenarios, including rare edge cases, while reducing reliance on physical road testing and improving training efficiency. By automating scenario-specific data generation, DriveDreamer cuts repetitive data collection and analysis, improving algorithm iteration speed and reducing development cycle time. DriveDreamer will also significantly improve the intelligent cockpit experience by enabling AutoGPT to analyze multiple sensory inputs -- including sound, light, temperature, and driver and passenger physical and eye movements -- to proactively adjust vehicle settings such as ambient lighting, seat configurations, and climate controls. This will allow global automakers to offer drivers a unique, predictive, and hyper-personalized intelligent cockpit experience. Ziyu Shen, co-founder, Chairman, and CEO of ECARX, commented, "As the development of AI accelerates, it is critical for us to integrate the best models available to keep automakers at the forefront of the rapidly evolving technological landscape. This showcases how we can help global automakers distinguish themselves in a crowded market with a unique cockpit and driving experience that can be deployed faster and at lower cost." About ECARX ECARX ECX is a global automotive technology provider with 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 over 1,800 employees based in 12 major locations in China, UK, USA, Sweden, Germany and Malaysia. 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, Geely Galaxy, 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 7.3 million vehicles worldwide. 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 forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law. Investor Contact: ir@ecarxgroup.com ecarx@christensencomms.com SOURCE: ECARX Holdings Inc. ECXECARX Holdings Inc$2.424.08%OverviewMarket News and Data brought to you by Benzinga APIs
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ECARX, a global mobility tech provider, is enhancing its AutoGPT in-vehicle AI application with DriveDreamer World Model integration, aiming to revolutionize autonomous driving and intelligent cockpit experiences.
ECARX Holdings Inc. (NASDAQ: ECX), a global mobility tech provider, is making significant strides in the automotive technology sector with its latest advancements in AI-driven solutions. The company, founded in 2017 by automotive entrepreneurs Ziyu Shen and Eric Li, is capitalizing on the growing smart cockpit market, which is projected to expand at a CAGR of around 20% until 2034 1.
ECARX offers full-stack solutions that enhance intelligence, connectivity, and efficiency in next-generation vehicles. Their integrated approach combines software, hypervision, operating systems, and application software, providing vehicle manufacturers and OEMs with a cost-effective and less complex single system 1.
While ECARX has strong ties with Geely Automobiles, helping drive their sales to 266,700 vehicles in January 2025, the company is actively diversifying its partnerships. A notable collaboration is with FAW Group Co., implementing ECARX's technology in the Hongqi Tiangong 05 all-electric sedan. This partnership showcases ECARX's ability to create immersive, AI-driven intelligent cockpit experiences 1.
ECARX recently announced significant upgrades to its AutoGPT in-vehicle AI large model application. The integration of GigaAI's DriveDreamer World Model enhances AutoGPT's environmental understanding and empowers automakers to accelerate autonomous driving development 2.
Key benefits of this integration include:
The DriveDreamer integration allows AutoGPT to analyze various sensory inputs, including sound, light, temperature, and driver movements. This capability enables proactive adjustments to vehicle settings, offering a hyper-personalized intelligent cockpit experience 2.
ECARX's products are currently found in over 7.3 million vehicles worldwide. The company's strategic moves have caught the attention of analysts, with UBS initiating coverage with a buy rating. UBS projects ECARX's revenue contribution from non-Geely brands to rise to 23% of total revenue by 2027, expecting a 52% earnings CAGR between 2026 and 2028 1.
As ECARX continues to innovate and expand its partnerships, it is positioning itself as a key player in shaping the future of automotive technology, particularly in the realms of AI-driven cockpit experiences and autonomous driving solutions.
ECARX Holdings Inc. launches ECARXperience, an advanced AI-powered in-vehicle HMI system that adapts in real-time to driver needs, enhancing safety and personalization in automotive technology.
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ECARX and AMD collaborate to launch the smart #5, a premium mid-size SUV featuring an AI-powered intelligent cockpit, marking a significant advancement in automotive technology and user experience.
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ECARX receives recognition from Saudi Standards, Metrology, and Quality Organization for its innovative work in AI-driven automotive technology and quality assurance at Saudi Arabia's National Quality Conference.
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Chinese EV maker XPeng sees a surge in stock price following announcements of global expansion and advanced software upgrades. The company's strategic moves and technological innovations are attracting investor attention.
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Chinese automakers Geely and Voyah are incorporating DeepSeek's AI technology into their smart vehicles, marking a significant step in the integration of artificial intelligence in the automotive industry.
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