Ecarx Technology Releases 2024 Third Quarter Performance Report

According to the third quarter 2024 performance report released by Ecarx Technology on November 8, the company's total revenue reached 1.425 billion, a year-on-year increase of 31%. However, the company's gross profit fell by 25% to 250 million. Despite this, the company's investment in research and development reached 344 million, a year-on-year increase of 11%. At the same time, the company's net loss also expanded to 340 million, compared with only 280 million in the same period last year. Currently, the company's gross profit margin is 17%.