Ecarx Technology's net loss in the first quarter was 196.9 million yuan

Ecarx Technology recently released its performance report for the first quarter of 2025, showing that total revenue for the quarter was RMB 1.2224 billion, a year-on-year increase of 30%; gross profit was RMB 242.5 million, a year-on-year increase of 19%, and gross profit margin was 20%; net loss was RMB 196.9 million, compared with a net loss of RMB 304 million in the same period last year.