ECARX Holdings Reports Revenue Growth Amid Currency Change
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ECARX Holdings (ECX) reported a revenue increase from $303.5 million in 2024 to $323.3 million in 2025, following a change in reporting currency to U.S. dollars for better financial clarity. Despite higher sales, service revenues declined. Analysts rate ECX stock as Hold with a $1.50 price target, while Spark's AI Analyst suggests a Neutral outlook due to financial challenges like negative equity and high leverage. The company focuses on automotive technology solutions and aims for EBITDA breakeven amid ongoing international expansion.
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