Ecarx (ECX) announced that Tencent (TCEHY) Cloud's WorkBuddy, the AI-powered smart work assistant that transforms natural-language instructions into completed work, will be integrated with Flyme AIOS, the intelligent operating system that Ecarx has entered into a definitive agreement to acquire, through the joint development of WorkBuddy AI tools across the Flyme ecosystem.

8/11 07:30

Company Reports Q2 Revenue of $23.0M

Reports Q2 revenue $23.0M vs. $35.4M last year. Sean Browne, CEO, stated, "Q2 reflected continued execution of our strategy to broaden our core biologics portfolio while expanding access to more hospitals and surgeons. The Dilon distribution agreement added a complementary hemostatic technology and significant commercial resources, which, together with the introduction of Trivium Shaped, strengthen our platform and position us for sustained long-term growth."

6/22 06:30

Ecarx Acquires Flyme Software Business for $266 Million

Ecarx announced it has entered into a definitive agreement to acquire the entire Flyme software business portfolio, comprising Flyme Auto, an in-vehicle cockpit operating system, and a cross-device Flyme operating system. Flyme Auto OS is already deployed by Ecarx in over 2M production vehicles across multiple OEM partners. This definitive agreement represents an expansion of the preliminary acquisition plan announced in April. Following completion of due diligence, Ecarx decided that a full acquisition best serves its long-term product and strategic objectives. This will be implemented by acquiring 100% of the equity interest in a new entity carved out from DreamSmart Group, Hubei Qiguang Technology, from its three selling shareholders, for an aggregate total transaction consideration of $266M. The acquisition will be structured as a clean carve-out from DreamSmart, the acquired Entity is expected to obtain ownership of the entire Flyme business portfolio, comprising Flyme Auto and Flyme OS. Within six months after the closing date of the deal, the acquired entity will house all mission-critical Flyme intellectual property, R&D teams, engineering resources, OEM customer contracts and supporting operational infrastructure, free of legacy liabilities. The selling parties comprise Wuhan Xingji Meizu, Zhuhai Meizu Technology and Hubei Xingji Meizu. The target software platform has achieved profitability in 2026 on management accounts, underpinned by rising revenue from software licensing, custom development and intelligent cockpit system deliveries. Upon completion, Ecarx will operate Flyme as an independent software division. Existing operators of Flyme OS will continue to receive updates for the foreseeable future, with user data remaining in each individual operator's ownership. Ecarx and the Flyme team will jointly advance integrated vehicle-to-mobile intelligent experiences while scaling cockpit software licensing to global automotive partners.

5/29 06:20

Ecarx and TPK Sign LiDAR Cooperation Memorandum

Ecarx and TPK Holding have signed a binding memorandum of business cooperation on the joint development of LiDAR technologies for global markets, marking Ecarx's formal entry into the LiDAR sector. Under the agreement, the parties will co-develop the ORCA LiDAR platform, a proprietary sensor system engineered to meet stringent global regulatory and functional safety standards. Mass production is scheduled to kick off in 2028, with manufacturing to be conducted at TPK's advanced production facility in Thailand.

5/19 07:10

Ecarx Q1 Revenue at $131.5M, Down Year-over-Year

Reports Q1 revenue $131.5M vs. $167.7M last year. Ziyu Shen, Ecarx CEO, commented, "The first quarter of 2026 was defined by continued disciplined execution and continued global momentum, demonstrating the underlying resilience of our core business. Despite traditional seasonality and a complex macroeconomic environment marked by memory component inflation, our disciplined execution mitigated the modest impact on our topline into meaningful profitability improvements. We successfully expanded our gross margin to 21.4% and nearly halved our operating loss from the same period last year. Perhaps most notably, we achieved our third consecutive quarter of positive adjusted EBITDA at $4 million. This resilient performance is the direct result of the strategic framework we established late last year where our focus remains firmly on accelerating our globalization strategy, investing in our R&D roadmap, and optimizing our lean operating strategy to sustain profitability. R&D costs were down 32% YoY, driven by continued resource prioritization and the internal deployment of AI across our business to drive innovation while reducing structural costs."

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