ECX - Earnings call 3 2023 | ECARX Holdings, Inc.

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good day, and thank you for standing by. Welcome to ECARX Quarter 3 2023 Earnings Conference Call. I would now like to hand the conference over to Rene Du, Head of Investor Relations of ECARX. Please go ahead.

Renee Du

Thank you, operator. to quarter welcome call. earnings and morning, our XXXX third conference Good Financial me and Officer; Chief Chief Chairman are Peter Executive and With ECARX Shen, Chief today Officer; Ziyu Cirino Officer. Operating

remarks, they Joe, your during recorded. today's Q&A the their note, So that Please is will questions follows. following session call able to be answer prepared being

Further earnings materially to information results to at the statements we I start, forward-looking applies factors risk would Before specific found the to also of on like our press our that our this actual SEC. which to with filings call. can refer you cause in release, bottom could be differ

conciliation call refer to measure to of financial will this I'd of discussions GAAP measures. measures. addition, With to certain to over release, Please earnings call that, hand the non-GAAP a the In our like Ziyu. non-GAAP include contains which

Ziyu Shen

call. quarter Thank you, our joining Renee. third Hello, for everyone, you thank earnings and

Let me saying words a few start China by market. about

of train likely is where the third be a year, China rate to high in large also a again explorer XX.X% the the saw in global accelerating at reached a and adoption is [indiscernible]vehicles growing quarter. quarter NAV with clearly record This positioned world. also is share year the first become in year foreign will domestic This brands automotive brands well to This China.

delivered witnessed quarter now consumer seamlessly OEMs experience was the At are quarter spending technology X.X value in-car and million we more another our on mobile experience over enhancing we to a road revenue digital creativity will launch There up with the vehicles XX% this growth create greater for whose the integrated the continue are incorporate as of into technologies. we copay on demand that ticketed and over integration benefit increased One pushing from products we of tech vehicle that strong by year-on-year from strategy. meeting customer [indiscernible], automotive major, important the car-specific the phones, offered ecosystems quarter ECARX, With industry. with in wins I'm similar a pleased X% of between people, customer the period firmly XX% leading base engineers, venture increased in further team X,XXX above are that and customers. XX brands of of over during year. Group provider with Vehicles in expanded XX same by the Inc. positioned on of our are last joint we Holdings we whom as last the onboard report across ECARX the outside with quarter to dedicated our the [indiscernible] a JD OEM our China roads significant as equipped XX% from coming our to

more for for way design the We global and later. in EV in also let Munich model further massive third makers flagship in Peter X detail will go added quarter, models stage over growth, truly Chinese following wins Internationally, the mobility in September. IAA deployers show technology paying the have I on presence which at car the arrived their

our we is to Lincoln up The industry full solution. prices a that equipped the business our significant the grow. copy launch significantly our digital of the stack to fourth showcase upcoming and review key have Co-XX coming will of offer technologies that several into of SUV debut range continues investing with are feature We have our will including our and recent profile Ex the raise milestones internationally, solution for that great resources feasibility as growing Volvo outside of

detail. results strong we I ecosystem delivered technology for a mobility point through to a over In Peter, within in provider attracting increased call the we go our quarter. Mobile through technology this will quarter, ecosystem attention commercial as the now space operating with Baidu also partnerships who very more announced are will the We and and both of the from view. the pass quarter summary,

Peter W. Cirino

Ziyu, day, good Thank and everyone. you,

design of partner the innovative X ecosystem quarter. major operations additional secure product XX number and to delivering on Operationally, continents. wins our during a we portfolio us advancements portfolio product strengthening enabled our with expanding Our locations internationally, in new were across focused

global relationships local a talent footprint OEMs to truly and Our access facilitates global working close pool. with

Ziyu we to adding market momentum gained As base. additional mentioned, significant China have in OEMs customer X by the our

for Pro these added ECARX new innovative the experiences, opportunity Makalu to product XXXX will and utilize value in-car Three quarter. utilize software-defined in Antora the of We significant wins platform. X proposition ECARX the adopt remaining and will enriched with the Toro ECARX third and platform, XXXX underscore portfolio. demand reflecting vehicles increasing also market platform, our the and the achievements design These X for

hand, performance powerful series Makalu, on an and ultra the digital ECARX engine price a bring an security solutions. ECARX Tora vehicles Antora save powerful enables ECARX to cockpit intelligent the most customers unparalleled a at with the is Our their SoC unreal platform, With available them intelligent by graphics, experience to point. XD high-end entertainment computing cost time and offers integrated digital needed of one the on and decrease market. supported pockets other engineering also cockpit it graphics to high-end market. well SoC offers and is attractive clients AMD features, on and

of been intelligent computing than already million automotive models automobiles, more These began and our solutions separate now SUV our equipped compact Peugeot with Dongfeng has being are in XXXL of Tani, August. flagship production into cockpit which half mass vehicles first brands. a Hisron across XX EXX Peugeot's module X Citron the Pugeout-XXXX Sedan, are installed mentioned, in vehicles new from variety Ziyu integrated As which

our began China, XX, grow September during EX made ECARX launched global expansion The later we quarter. this will in Cloud year. Volvo we to the significant is and continue with starter progress also late equipped in While which production with globally be Peak,

international and in its Munich our showcased provide performance we Makalu ultra enjoyable IAA significantly technology expanding To demonstration notably, will capabilities, cutting-edge Mobility confident profile, and more can a launch experience digital in are we in-car profile the high-end September. our immersive our and deliver. platform raise globally We cockpit international support our at customers of

allowed demo visitors presenting experience that the for will we be industry meet many for these vehicle and the industry get innovative prospects. with on-site years the American November, a solutions Detroit, come. will to taste Automotive we USA Our where will shape Reuters technologies at in fully In to gathering XXXX also North

stellar platforms. highways. controlled to ADAS On These LXs which solutions, car that content allow the it changes high headed. Lincon confident XXX secure NCAP. lane approach our safe stack us XRXXV smooth which full ADAS portfolio expanded of leverage such Pro Skyline control customer front, the experience. direction is expand Pro ECARX and ECARX driving integrates include and Pro Cloud car. to is product will powered Its Antora ADAS we ADAS vehicle strengthen technology and platform a driving first-generation Safety XXXX Lincoln active With capability Flame Skylane autonomous program, PeugeotXXXX land sensor is the such interactive providing It Sky cockpit Together we stack the per to seamless experience. digital capabilities as we preliminary solution by by to unit, Peak driving to and we deliver bring with solution. incar integrated the Auto and parking in results, ECARX stack the automated loyalty a new reflects access recently China's flagship and sit Assessment first on our ECARX tests innovation the further ability representative vehicle a is the supportive these can our and to for XXX are technological received technologies this customers. software are contains platform launch, more The new drive to full score The under configuration, with our the

We look development carefully have technologies development in invest new of to forward we on you continue in to the pipeline months updating strong cutting-edge eagerly that and ahead. a the

Let access me and to with we helping sustainably In growth develop build technologies now that our began ecosystem, the some a automotive you collaborating will is solution, drive across August, box disruptive innovation Mobileye updates with us which one partnership on share integrating sector. of X the driving used car mass-produced and enable that mobilizer parking on AV eye Polestar hands-off the adopt be features electric This SUV first Coupe, production will in to off technology. controlled highways. self-driving consumer world's automotive mass the will and solution

in the control As will for be part local progress development terms related of both and This go-to-market Parking strategies. significant and of algorithms and management. innovation chain units production responsible domain and functions, of management in supply collaboration, this ECARX hardware represents used our quality of

on a solution ECARX driver-assisted based parking latest IQ-X forward, driving a Mobileye the and integrated will cockpit Going solution automotive-grade SSC. partner on and

language platforms some are will be in usher technology solutions automotive launched integrated multiple quarter, This the us application partnership expected been new linking AI on of intelligent the future. to leverage in innovative of near Baidu automotive Through of each and large. into models see the have We first competing the partners will will functions of mass-produced also during respective our become which this with shape intelligence model. a to partnership, expanded its large ECARX which partnership select at cockpit one strengths will explore Apollo party's innovative to era the that industry

will further further also to We intelligence. ECARX offering these innovation enhance recognition, provide integrated speech propel unique help intelligent more smart and enable incorporate LLM technological differentiated automotive capabilities expect leadership, our ecosystem. and our solutions OEMs To we natural to experiences into in

to dynamic Our features in-car system providing Flame to the mode, important. into interactive experience. from superior Institute and ecosystems vehicles as the of also industry is and smooth foundational China's smartphone interconnection with such storage with create auto its in small Meizu unique unique certification a climate content strategic performance, for The Shenzi window first Certification entire became partnership seamless TL effects control, computing display with operating integration and customers automotive very receive is capabilities the sophisticated Plameto

security system of this EALX both multiple and was update ECARX coupe, towards the meet the and position Coupe and operating thus, In international distributed systems Peak joint partnerships solidify safety meet and tech Volvo. computing with ECARX EV from certification at and on automotive the progresses with our strategic strict OEMs software-defined in and an transition. our our protocols standards. the Coupe that and with for and some collaboration solutions companies cross-domain was to requirements. vehicle industry developed build us supports Chinese architectures of In global security will platforms, It Peak with leading ourselves August, to market innovative to forefront world's late ECARX our built information ecosystems vehicles global information security. as Peak central leadership enable venture mobility Finally, awarded closing,

Now Phil quarter. results for the turn to financial I will our review the over to past call

Phil Zhou

up position our Thank a another solid sectors. was as brand, We significant GD XX% strengthened everyone. hardware and goods digital delivered of you, driven Peter, million, in billion, smart for automotive increase increase was carpet penetration We of ecosystem in which and an good revenue RMB Lotus. year-over-year. revenue year-over-year, growth, technology by XX% by demand solution. for X.XX day Total the Computing our new into to and a key player XXX quarter quarter RMB further increased the

auto remains our in While GD of stable. business share wallet

EV We new segment the have our shipped growth curve. market capture product and and the offering for solution market

our revenue ECARX RMB ECOs high and came an was demand timing platform the Patio primarily unique engineering partners, which year-over-year primarily from for XX% was IT XX% revenue. increase framework of demand in and well, solutions. Shinji maintained strategic offered agreements and growth X software revenue of our This Meitu. Service related The license automotive momentum remarkable service Antora with and as year-over-year due Software increase a reflects XX% million, strong XXX proposition for at to RMB to million. search XXX due with cutting-edge value a by recognition nonrecurring licenses, revenue sequentially, to

be fiscal year This was and plan of to to increase million, which from well generating above on of XXX% manage profit As call, nonrecurring bulk we an cost half differences second expected reached last we our the discussed booked nearly timing in the perspective. due contracts, RMB year-over-year. a in in completing XXX of and of we revenue XXXX. the Gross earnings lease XX% year-over-year full revenue increase

We low year-over-year expect of recovery growth this gross delivered as last profit part quarter. the of

the drive competition the for and same Looking challenges at in maintaining season to growth. margin of gross the We quarter big considering see X, which is top demand fierce the line level industry.

cut further pressure due may performance architectures. product hardware industry-wide the in there price coming be well, customer margin on EE quarters As evolving our to and

reasons. We service margin improving software will year-over-year growth and expense revenue focus XX% mitigate sequentially X and main on efficiency impact. operating for driving the and Operating XX% increased to

to invested pace in increase year-over-year as and keep the XX% of XX% First, technology. we with sequentially advancements made

a a OEMs Europe but If and last into improvement EBITDA improved growing already in and talent investment from States, as million we the our we XXX transition has of new profit the need results the into that loss an such quarter loss Second, accelerated taking Group. loss XXX in million global July we the JV improvement, United JV, are aware are demand expansion assessing could is take the RMB slight R&D was global RMB and towards the million, Adjusted year. we to EVs, included be with This where the be pool. GCAR, ADAS out our RMB XX X. truly by around solutions from

Lincon year-over-year example. empower in computing impede impressive Cost the OXX of believe revenue improved control long-term However, it technology we performance solutions mainly The also share kind the products, margin in on our and to quite loss cost X.XX% investments is expansion. and ADAS of is X.XX%. to will growth growth. gross worthwhile, our and product operating ADAS RMB from The certainly global per at investment did This in advanced platform is improvement the attributed control. not development

foundation quarter is Moving our we a of million had trajectory. of solid to sheet. to XXX end, RMB accelerating for balance growth additional cash paramount and allocate With solid cash. place, our on capital sheet to in restricted balance expect growth importance. At Maintaining now we a

So flow. we focus inventory improving on and chain, our across operating efficiency cash will supply

the resources to our cost towards while backbone for that responsible and our Ziyo operational fiscally efficiency drive innovation. future financial and concluding Q&A on management health. Looking some will optimizing will With session. start that, Ziyo. enhance can allocating we business turn of forward, the projects we call opportunities Sustainable and growth practice maintain remarks, will are back long-term then focus I

Ziyu Shen

are robust our about growth. and driving a set market excited where are encouraging trends We in significant position industry

to GD Group. the We witness customer has base are pleased our that beyond extended further

offerings product unique design technology and wins and Our forces ecosystem new diverse strategic the have enabled partnerships.

allocating Operator, are ongoing in the predicting areas. these business we strengthen that and We our to resources continued drive committed growth like much and towards are innovation, future you. open for will our floor enhance opportunities efforts prices. international progress we to prospectives questions. Thank Meanwhile, can now

Operator

[Operator comes the Instructions] of Ding line First Yuqian question from from HSBC.

Unknown Analyst

I congratulations on Mike strong the quarter have X from is questions. And third results. This HSBC.

pricing saw could pretty the the gross some first margin question And The regarding their in second question. to very company Xpand, outlook customers.And in the China stable X years, environment. challenging going the and despite clients do pricing pressure us? a forward? [indiscernible] the you non-stringent Yes, world, a my do is my out nomsdriving our to And us how How the of is point gross how the give margin color sector. will coming pricing We margin. we and next has And that's our good, the China rolling maintained quarter-over-quarter and you world do maybe. the the on perceive we with are the escalate see mechanics especially in in in perceive for inflection we also inflection both X players the saying EVX like regarding point Zika non-[indiscernible] are Loto, gross

Phil Zhou

based quarter is This up current Yes, I'm on track another trend pricing, and deliver X the quarter, looking quarter a we a profitability under erosion year in ready take first all automotive industry way. we margin expectation the going to a transfer question and on margin traditional peak industry on to the the shipment could to the finish that delivered in And Phil. anticipate momentum. volume, X, strong are catch regarding work But we entire trade-off the performance. OEMs season forward, the strong be and full throughout and we will our There velocity, are renin chain. the on will maximization. the is

So momentum to the the X built a first can us we profit quarters in layer. help get

goal. will And the in software about and profit our deliver our initiative we of gross original performance the #X, optimization. built max. confidence have continue couple was confidence to quarters. the on first service actually is execution to we margin So on the portfolio And

The we cost to continue second one, drive the optimization. will

to expected transformation to architecture working on and are transfer, mentioned. will third said market, selling now affect having whole are digital copic customers fierce as enhance And so price right? OEMs the one, we as product cost efficiency, the that, enhance right, the Tier having on gain drive a as cost the So between vendors to X is the also the the no and to the as The optimization. entire cost well the market market vehicle competition capability lease pressures pricing share I

we So are and proactively will and we demand I in also time be fulfilling will we the just technology offset discussion, architectural by coming the hardware mentioned into transformation our will [indiscernible], of XXXX. and is but by platform end initiatives that the do the sure soon profit foresee the will about transition participate be customer

or mitigate we margin time, our growth. that, further hardware at solutions are service the drive with able to and elosion So the same software

we So on pretty with that ability to environment our come. offering food our in stack [indiscernible], we with we to more that comfortable are expect already compete and are solution

Peter W. Cirino

but take the at look And certainly it's I the when then and, autonomous for second its I ECARX think, maybe to answer. mean in. market market, Phil, for quite in still we exciting a that initial question, stages, participate dynamic thanks I'll

system includes as system. we XX our is eventually set the that autonomous will, significant scan very first When out full competitive Autopilot, features So that in OEMs we both the see in and autonomous autonomous global autonomous, the earlier solution, as talked our stack in X+ Lincoln that to launch there's relative SkylinPro containing leading the markets China. and the China the product our cockpit ADAS certainly, which well That's solution as in about market presentation, market. include Level through and market are of in competitive, cost Navigate feature a the being we markets both OTA number digital the

we the be that's mostly autonomous announcement there'll a some be But there and aggressive. focused much made I to that as that offer system of with X. detailed certainly and will X+ some the that be very about be that think recently well, We OEMs that well across will this collaborating when be. discussions with launch market to on in the excited more systems customizations the certainly to of the solution and there closely North certainly, partnership the Polestar with IQX go We We're I look where volume the about as SOFR our believe talked [indiscernibe] deployment launch that beyond European as Polestar about. we're markets Mobileye Level bringing and a vehicles. on And that. to Mobileye products markets, with number the will collaboration into we're offerings other be will we'll us the American engaged enable first of about one space, that have unique

to vehicles as could the of the those see first markets. also products come, those participate with have in think to excited on opportunity to rate opportunities there's the autonomous products that Level we're the We world some strongly investments volume years bring to largest for little but and with many certainly I the rest be in a of some the in certainly we'll well. I adoption that be market, slower believe going the X+ the we're China, but that to will bringing

Operator

the question comes line from Loja of next BOCI. from The

Unknown Analyst

questions. And results have this on for quarter. the X Congratulations I

Antoro an any been XX any by in end than And budget will R&D XXXX? breakeven question XXXX. could share the received may time. for use XX the to that feedback considering related the plan has you is of The Pro Lincoln we still Antoro first be other one XXXX? do maintain about And with new next is could And products XXXX for Pro? second which year, equipped some our have share year? about we more you Antoro feedback next the models And of delivered we Have we in

Peter W. Cirino

concerning [indiscernible]. first you, Maybe part I'll question the take cockpit. Antoro the digital of Pro Thank that

the to for Lincoln a vehicle. stack full launched XX, our Co we've opportunity first onto As it's ECARX put solution a

launch from silicon the for important organization it what cloud represents the product because to I'll to services. ability the say, from So

Prodigital strong that demand as stack with cellphone that for software to anticipate Cloud that software And copic that on cell So the with as it's the grow vehicle. the that car. continue market The Peak for phone vehicle. very computing the car stack full has stack Plameauto Antora our launched that is vehicle. demand platform that our well integration also in on major in the We've we will seen software

autonomous continuing look both that's vehicle. and excited So about year have in planned future system When OTAs, digital of in for we significant -- that additional launch products. to launched next vehicle Sky features cockpit all additional we service launches, our future the that we're and the at launches X in the with on that land are both with

a So macro XXXX we'll a large we as launches through move the to have well of Antoro platforms. of series, number different series on series, the number as as Pro our

a organization So that a basis. contribute will for go-forward growth on the I significant we see volume think to

Phil Zhou

And I regarding investment. the R&D will Yes. second the question take

a at and trajectory percentage of X, be stable R&D expense revenue quarter looking current for around So as at X will quarter our XX%.

the for market. So product keep the into development other ones, we will and availability minority the investing

level, there's the while keep cost. at the we of the continuing reasonable in growth growth potential of a expect possibility significant at the to And our adjust investment general fix percentage XX% revenue it as will a we scaling deadline. R&D So a and and to also approach,

in And portfolio, there. have solutions. bit was invest brand-new a different based starting XX further merge on breakeven as original And making mentioned, also into to the guidance on pushed [indiscernible] product a goal year. this company's of out just we is that investment at the be So leading that we're could the And position breakeven still starting QX. in automotive we

be we on profitability return invest but store. working entire whole the additional we lines, as in and group's the long So of a different, our make and will sure go product as breakeven pushing we investment over keep are will in nonetheless, still

Operator

Our next from Derek question Soderberg Fitzgerald. comes from Cantor the line of

Derek Soderberg

the environment. with how do year? maybe it start negotiated how you are moving. then quickly contracts And to I'm every in your of clauses pricing ASPs relates And embedded to want curious pricing guys those sort are have I as contracts? inflation, inflation

Ziyu Shen

going address this I'm to question.

So yes, the pricing pricing for X the least will a the competition is at industry. to first reserve And quarters. I the the during be the as mentioned, entire transferred on industry, car

we solutions, ECARXs, now, also computing right -- solutions. right, However, we are operating including that, and we ADAS offering system the on software optimization. of driving stack And the top full are platform, cost

including you So the package just mentioned.

for flexibility to we time, signed with terms the right, the also provide high our product the And services exchange, during the vendors, also customers and So same the okay? customers. defined of we our -- at contracts in value-added we

that, maintain able optimization without with time, activities. and are pricing the So our to we away keep ASP. the same cost increasing At

Derek Soderberg

end? then United changed that with in curious I'm follow-up, bit you seeing on X? could kind my auto there's a environment, sort of in past effects have quarter there's strength curious workers. particular macro that the on your States as just seeing or if a weakness the you're are any areas of you or talk any of And the knockout about then And the if strike it. Got I'm

Peter W. Cirino

next adoption driving what's into a as are at outlook Derek, look both in the maybe number exciting a quarter our we've question. launches mean, in very and that's current and our year, we the the of capture of I market. think volume, seeing strong I talked vehicles electric number for I'll launches with certainly about ECARX, that

we beyond our that a within launches other So Dongfeng we activities the with our customers earlier the described PoughoSitron of core have see and launch mentioned with brand brand coming launching Polestor quarter. today and of also Go this Volvo with and the brands -- EXXX, we've with products lot like the we

point The into strong a see at doesn't here business but for demand look -- pipeline. QX strong our When we the we as time. go think U.S. in our -- we from this through I XXXX. So really at and we move we have as impact certainly both products, the very in very affect strike

Operator

comes question from Our next from the Jefferies. [indiscernible]

Unknown Analyst

second congratulations and my Huawei, MX How platform has you Jefferies. strongest I'm on questions is we gained new of much from competition These things interest wondering you the which delivery X developing question is or have timeline This production terms product, operating is each Jane Huawei do more and first My cooperation of are cars my recognition line. regarding think solution, the smart And also share target are customers. can especially management. from strong questions. from And for smart AgMX product new the from copy competition we of the and of mass car growth do the pipeline. is customer Huawei, a performance. Can about also you the the model more [indiscernible] with year? financial colors in about think next the system question models. product driver the CGM. or be launch the oncoming with guidance And expanding and I will And

Peter W. Cirino

question. Thanks Yes. for your

and both Let me elements. go address

XXXX. launches large We go we number into as new have a of

full is see those AntoraPro, especially the as mentioned So solution deliver launched vehicles, mentioned cockpit I well. vehicle. as COXX for marketplace our ECARX enables XX a I globally countries it's mentioned in believe vehicles and the Lincoln with key throughout, deploying some digital of EXXX Antora of different stack throughout today, on XXXX a it's vehicles both and products, that with in space with Also, it benchmark with across the is we as launch launches our us for very on us Volvo more product those brands.We significant than we systems to the a all number earlier well received

launches well As ADAS digital we as expect products go with system. on our additional XXXX, launches through the Skyland cockpit we as

we've continue in steady So and to we'll XXXX XXXX. that into made that progress see the extend

our we're mentioned, launch through next that to and future great quarters Phil that say Mobileye a as I future cockpit with they pipeline digital Flame a as to software see have as a well enter technology cockpit product our Masu. the we're X the was ECARX we portfolio relative investments product will our with making question the bring offering the collaboration Huawei. polester well stack we Huawei announcements Auto then additional unique with excited invest really be as bring continuing platform, stack. second the with excited go developments, I also offering on are market. to announced a about and we'll both Recently, we new very quite in can in your collaboration As competitor our space. both X But space the strong mean, digital as we're computing as likely that in the platform to would to X And Coupe that our ADAS brings well. on

So a very unique has we in ECARX market truly position very a offer unique because fully technology the is -- a vertical stack.

earlier as the great And space. the and a silicon see said is we company, marketplace. go automotive think cloud from Huawei them we invest that it's the So I to go, a I great in offering right call, services. through to in we competitive bring product very

demonstrate at space with purchases and do can capable end very comfortable in phone cell the this partners the additional future. demand continued I if customers see the to that And and very product think be the Flame it a a provides unique we especially product compete into excited vehicles. we're think with stack expansion for are customers to of ability experience, their will I market come look in demonstrates our with the cell And basis and and very in offering, how the the go-forward on -- user Mazu new differentiating how I phones. for really think technology you -- auto significant the how integration the well, full this potential it's as our

Operator

Next question the of from line comes from Cheng CICC. [indiscernible]

Unknown Analyst

Congratulations for this on the results quarter.

So in from Sachin CICC.

presentation. So in in the I progress this by software see ECARX great some provided quarter's

questions So products. regarding to I would the ask software like X

is Peak, in Volvo The is first the regarding launched one Cloud the which EXXX.

a probably by platform launches not I is think is it ECARX. produced hardware on that

what And And be that's how is project? the how my margin products what -- question. the like So other give on business is the collaborate is could first us model? the gross projects So you with party? in this the

the regarding The system. is second question [indiscernible]

on Lincoln in has Lincoln it COOXX. that noticed So it have been launched COOXX, but not we launched is

going guidance you is the the last refresh what question to My autonomous could radiator projects not? could So -- going like? functions us to what which business are on regarding give or us are there Renato? Skyline be is of Pro. driving my model projects what will some So kind the be question. And And that's ones also you more second the sliding launch

how responsible is actually be is who developing business model And these the like? functions? to So for

Peter W. Cirino

you thank Yes, your questions. for

let one. try me them to by address one So

as look to that the This So capability EX-XX. products at we Cloud global deliver launched on demonstration of ECARX solution the a we've is a scale. Peak on

mentioned side. Qualcomm through a a a We've and we continuing So collaboration in partner environment, that we would the to Volvo It's mature of venture to Automotive as launched engineers that Visteon on chain jointly with that have I the as have is that are design on hardware our actively Cars a that software significant position one product. system developed we services. that great contributed say as with developer. it on working number significantly In we But well and will of earlier, also environment. that integrator a product is the ECARX supply with Google playing tight joint with feature a SoC through

we bring our have announced Antoro series, As we to in already supply chain our portfolio. capabilities

XXXX inside Eric differentiating this integration our they compute where we construct, and software experience and pipeline, to Mazor large the and one play detailed of with but on the digital that in user integration principles but mobile car on automotive the the those a we and experience the we it's UX position vehicles different capabilities through Is we not in that very that your to Flame to vehicle. experience XXXX. of a the business. the a a provides integration the it capability relationship when Auto the in Relative really Group, and with models we life unique strong of in is let's have and that experience the tightly a new cell deliver Major cell differentiating coming the that we'll lastly, the both number see on through see that's the become autonomous. product are of of, number plus There phone There think marketplace, we're terms core stack. phone great life auto the Lincoln the phone vertical mentioned cell has software solutions working the one And user we think And the couple it vehicle. that forward. the the with full of development operate of into really an extremely throughout the founding business is say, the our from ECARX of more you that many of only the delivering into the to of are and And the full our UI experience integration and vehicle, the we solution in that been And So in to the number deploy software to also go-forward launches as we user the solutions that and work vehicle. unique of them through power position, Sins solid and XXXX all launches XX that that bring marketplace. with one by and software I with go Automotive stack, integrating Flybe Lincoln then in a bring D user saw, I both collaboration in this basis, establish Google you cars very -- go And technology product. with launches importance inside really XXX

a system, and -- driving ECARX activity On vehicle the for the Sky algorithms develop it's And from that there's vehicle. a a algorithms of was partner system. in-house. the I engage done number us often that a that development of in deployment announced We partners. of think was a key significant for And to significant driving GC Blackstone that Pro from that we've land and portion for parking

system of the the ECARX was sensor on, deploy future have brought across with ADAS Plaxesimit, to of some quarter -- some our vehicle, new decision deployment OTAs And by that the this market. we both be the mean high to a rating solution, competitive and will also and mentioned it we relative vehicle. to that software come believe much will as strongly I CN even very potentially qualify And but market features quite and the perception China software that the stack in score, strong global to continuing look other in software, solutions be in a that CAP a on we we're in through as very the and in that globally AutoSAR it that so sure at move I software the competitive next solution can in safety and we continue fusion can foundation was we software really of the It terms level QNX to from stores. base driving make of future. primarily will quarter a of as and done and built

Operator

call to At this for are the management further the Instructions]. Allow hand [Operator questions line. no to closing. from back there time, me

Ziyu Shen

you all for today's participating Thank All earnings right. in call.

devote you and with very we'll profitability report you strong and And further and our growth. about where business heart-and-soul X intellect the also cycle. annual our soon industry keep forward the coming position trends and ECARX momentum excited that in talking again. able to and sector quarter are market we ECARX, in enhancement encouraging in to this growth be are significant driving looking a the robust So Thank

Operator

conclude you does Thank call. for today's conference participation. your That

You may lines. now your disconnect

ECARX (ECX) 9 Nov 232023 Q3 Earnings call transcript