ECARX Holdings Plunges 13.27% on 2024 Loss Forecast

ECARX Holdings experienced a significant drop of 13.27% in pre-market trading on March 28, 2025, marking a notable decline in its stock price.

ECARX Holdings' stock price decline is attributed to the company's announcement that it anticipates a loss of CNY 2.77 per share for 2024. This news has raised concerns among investors about the company's financial health and future prospects, leading to a sell-off in the stock.

The anticipated loss for 2024 suggests that ECARX Holdings may be facing challenges in its operations or market conditions, which could impact its ability to generate revenue and profits. Investors are likely monitoring the company's performance closely to assess the extent of these challenges and their potential impact on the stock price.