SHANGHAI, China, March 27, 2024 (GLOBE NEWSWIRE) — ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility technology provider, today announced that Microsoft technology announced an expansion of its mobility technology. It is a unique value proposition that global automakers can offer through intelligent vehicles and drives intelligent vehicle innovation. Leveraging the power of Microsoft Azure OpenAI services and Azure cloud computing services, ECARX is partnering with Microsoft to deliver innovative products and solutions that seamlessly integrate cutting-edge large-scale language models (LLMs) into the world's growing number of vehicles. We will jointly develop and deploy it.
The recent emergence of LLM creates exciting new opportunities to transform the industry, enabling global automakers to offer significantly enhanced intelligent cockpit and autonomous driving solutions. ECARX intends to maximize the business and technology synergies created by the use of Microsoft technologies and capitalize on these opportunities.
Ziyu Shen, Co-Founder, Chairman and CEO of ECARX said: “We are excited to integrate Microsoft Azure OpenAI Service and Azure Cloud Computing Services into our automotive solutions. This Microsoft technology allows us to seamlessly blend vehicle and cloud technologies to deliver advanced intelligence and connectivity. Integrating LLM into our products and solutions will significantly improve the overall user experience and accelerate the evolution of intelligent cockpits for automakers. Ultimately, our vision is to provide drivers around the world with a safer, smarter, more enjoyable and efficient travel experience.”
said Yang Hou, Chairman and CEO of Microsoft Greater China. “Microsoft is a strong supporter of innovative companies like ECARX who think outside the box as they drive industry transformation with their unique products and services. We are committed to leveraging our capabilities and capabilities to support ECARX and its customers in their pursuit of intelligent innovation.”
About ECARX
ECARX (Nasdaq: ECX) is a global automotive technology provider with the ability to deliver turnkey solutions for next-generation smart vehicles, from systems on chips (SoCs) to central computing platforms and software. As automakers develop new electric vehicle architectures from the ground up, ECARX develops full-stack solutions that improve user experience while reducing complexity and cost.
Founded in 2017 and listed on Nasdaq in 2022, ECARX currently has more than 2,000 employees across 11 major locations in China, the UK, the US, Sweden, Germany and Malaysia. The co-founders are two automotive entrepreneurs, Shen Ziyu, chairman and CEO, and Eric Li, founder and chairman of Zhejiang Geely Holding Group, who own Lotus, Lynk&Co, It owns global brands such as Polestar and Smart. , Volvo Cars. ECARX has also partnered with other well-known car manufacturers such as FAW and Dongfeng Peugeot Citroen. To date, ECARX products have been installed in over 6 million of his vehicles worldwide.
Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's beliefs and expectations, as well as assumptions made by management and data currently available to management. This document contains statements regarding, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategy, and the industries in which we operate. “expect”, “intend”, “anticipate”, “estimate”, “predict”, “believe”, “should”, “could”, “might”, “tentative” The use of the words “forecast,” “anticipate,” “objective,” “plan,” “goal,” 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. This includes, among other things, without limitation, statements regarding our intentions, beliefs or current expectations regarding: , results of operations, financial condition, liquidity, prospects, growth, strategy, future market conditions or economic performance, capital and credit market trends, expected future financial performance, and the markets in which we operate.
For a description of these and other risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, please refer to ECARX's filings with the Securities and Exchange Commission. Please refer to. ECARX undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law.
Investor contact information:
ir@ecarxgroup.com
Media contact:
ecarx@christensencomms.com
