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CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
CNY (¥)
¥ / shares
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2023
CNY (¥)
¥ / shares
shares
Dec. 31, 2022
CNY (¥)
¥ / shares
shares
Revenues        
Total revenues ¥ 5,561,266 $ 761,891 ¥ 4,699,673 ¥ 3,561,994
Total cost of revenues 4,407,076 603,767 3,426,967 2,568,115
Gross profit 1,154,190 158,124 1,272,706 993,879
Research and development expenses 1,259,715 172,580 1,264,308 1,332,800
Selling, general and edministrative expense 777,178 106,473 931,467 1,310,207
Other income - related parties 0 0 7,078 22,846
Others, net 464 64 (1,751) (1,939)
Total operating expenses (2,036,429) (278,989) (2,190,448) (2,622,100)
Loss from operation (882,239) (120,865) (917,742) (1,628,221)
Interest income 22,178 3,038 30,503 13,820
Interest expense 133,761 18,325 79,309 44,543
(Loss)/gain from equity method investments 40,329 5,525 (43,065) (71,928)
Other non-operating income (expenses), net (34,895) (4,781) (9,525) 152,791
Loss before income taxes (988,388) (135,408) (1,019,138) (1,578,081)
Income tax (expense) benefit (1,482) (203) 3,643 (29,065)
Net loss [1] (989,870) (135,611) (1,015,495) (1,607,146)
Net loss attributable to non-redeemable noncontrolling interests 57,555 7,885 74,989 42,518
Net loss attributable to redeemable noncontrolling interests 0 0 0 464
Net loss attributable to ECARX Holdings Inc. (932,315) (127,726) (940,506) (1,564,164)
Accretion of redeemable noncontrolling interests 0 0 0 (714)
Net loss available to ECARX Holdings Inc. (932,315) (127,726) (940,506) (1,564,878)
Accretion of Redeemable Convertible Preferred Shares 0 0 0 (354,878)
Net loss available to ordinary shareholders ¥ (932,315) $ (127,726) ¥ (940,506) ¥ (1,919,756)
Loss per ordinary share        
Basic loss per share, ordinary shares (in RMB/USD per share) | (per share) [1] ¥ (2.77) $ (0.38) ¥ (2.79) ¥ (8.02)
Diluted loss per share, ordinary shares (in RMB/USD per share) | (per share) [1] ¥ (2.77) $ (0.38) ¥ (2.79) ¥ (8.02)
Weighted average number of ordinary shares used in computing loss per ordinary share        
Weighted average number of ordinary shares, basic (in shares) [1] 336,641,846 336,641,846 337,407,225 239,296,386
Weighted average number of ordinary shares, diluted (in shares) [1] 336,641,846 336,641,846 337,407,225 239,296,386
Net loss [1] ¥ (989,870) $ (135,611) ¥ (1,015,495) ¥ (1,607,146)
Other comprehensive income (loss):        
Foreign currency translation adjustments, net of nil income taxes (18,927) (2,593) 41,308 (391,934)
Comprehensive loss (1,008,797) (138,204) (974,187) (1,999,080)
Comprehensive loss attributable to non-redeemable noncontrolling interests 57,555 7,885 74,989 42,518
Comprehensive loss attributable to redeemable noncontrolling interests 0 0 0 464
Comprehensive loss attributable to ordinary shareholders (951,242) (130,319) (899,198) (1,956,098)
Sales of goods revenues        
Revenues        
Total revenues 4,405,485 603,549 3,311,507 2,433,964
Total cost of revenues 3,874,840 530,851 2,733,966 1,970,845
Software license revenues        
Revenues        
Total revenues 305,985 41,920 444,830 404,469
Total cost of revenues 128,162 17,558 120,289 126,807
Service        
Revenues        
Total revenues 849,796 116,422 943,336 723,561
Total cost of revenues ¥ 404,074 $ 55,358 ¥ 572,712 ¥ 470,463
[1] Shares outstanding for all periods reflect the adjustment for Recapitalization.