On August 26, ECARX Holdings Inc (ECX.US) announced its Q2 2025 financial results, achieving total revenue of $155.6 million. The Antora® smart cockpit platform series delivered 135,000 units this quarter, representing a 112% year-over-year growth, particularly driven by widespread adoption in popular models such as GEELY AUTO's Galaxy series, helping propel the brand's cumulative sales past 1 million units, making it one of the fastest new energy vehicle brands to reach this milestone. ECARX's global expansion simultaneously achieved key breakthroughs, with cumulative installations exceeding 9.3 million units and locked overseas orders worth over $1 billion in lifecycle value, demonstrating significant international growth momentum. Facing industry seasonal fluctuations and impacts from certain project timelines, ECARX Holdings Inc showcased its long-term potential in intelligent vehicles and cross-industry technology deployment through technological innovation, clear product roadmaps, and continuously expanding global partnerships. Through lean operations, the company compressed operating expenses to $57.2 million this quarter, down 20% year-over-year, reflecting effectiveness in cost control and resource optimization.
ECARX Holdings Inc demonstrated strong performance in product shipments and ecosystem partnerships. Beyond continuing to deepen cooperation with long-term partners such as GEELY AUTO, the company successfully expanded to more mainstream automakers and luxury brands. Following its first project award from Volkswagen Group in March 2025, the company has now partnered with one of China's top five automakers to provide smart cockpit solutions for their global vehicle lineup, with mass production expected to begin in 2026. Meanwhile, ECARX Holdings Inc is developing next-generation smart cockpit operating systems for a global luxury automotive brand, further consolidating its technological leadership and market competitiveness.
Internationalization represents another major highlight for ECARX Holdings Inc. The company plans to establish its global headquarters in Singapore in the second half of 2025, serving as a core hub for research and development, supply chain, and intellectual property management to better support its global customers. Additionally, ECARX Holdings Inc received the "Technology Development and Innovation Award" at Volkswagen Brazil's annual supply chain conference, demonstrating high recognition of its technological capabilities by leading international automakers.
In non-automotive sectors, ECARX Holdings Inc also demonstrated cross-industry expansion capabilities. Its independently developed solid-state 3D LiDAR products received additional orders from non-automotive industry clients this quarter for application in robotic lawn mowers, marking the company's formal entry into the robotics and embodied intelligence sector, opening up a "second growth curve."
ECARX Holdings Inc Chairman and CEO Shen Ziyu stated that with multiple new mass production projects launching in the second half of the year, the company is confident in achieving EBITDA break-even in 2025 and nearly 20% revenue growth for the full year. With the launch of the Singapore headquarters and imminent mass production of new projects, the company expects to see stronger growth momentum in the second half of 2025.