Echostek Technology (ECX.US) rose nearly 23% before the market opened, after announcing a partnership with Volkswagen.
1min read On Thursday, ecarx technology (ECX.US) rose nearly 23% before the US market opened, trading at US$2.96. On the news front, today, ecarx Technology announced that it has officially reached a cooperation with Volkswagen Group, which will provide advanced smart cockpit solutions for its Volkswagen and Skoda brands worldwide. According to the cooperation agreement, Ecarx Technology will provide a complete smart cockpit solution, including Ecarx Antol 1000 computing platform and Ecarx Cloud Mountain cross-domain software platform. It is reported that the first batch of models will be launched in the emerging markets of Brazil and India and may further expand to more markets.
It is reported that since the second half of 2022, Ecarx has focused on the development of its full-stack automotive intelligence business. Before reaching cooperation with Volkswagen, Ecarx's customers already included China FAW's Red Flag and Geely's ecosystem brands, including Geely, Lynk & Co., Galaxy, Proton, Lotus, and smart (a joint venture with Mercedes-Benz), and external customers including FAW Red Flag, Changan Mazda, Dongfeng Peugeot Citroen, etc. As of the end of Q3 2024, more than 7.3 million vehicles worldwide have been equipped with Ecarx's products.