Ecarx Holdings shares fall 7.16% intraday after Q2 revenue misses expectations and earnings decline.

Ecarx Holdings Inc. plunged 7.16% intraday after reporting Q2 revenue of $155.6 million, down 10.2% year-over-year and below analyst expectations of $226.01 million. The company also reported a Q2 loss of $0.13 per share, with net loss widening to $43 million and gross margin falling from 23% to 11% year-over-year.