We achieved significant progress in operating expense management. reducing costs by 20% year-over-year to $57 million, reflecting our strong execution on operational and R&D efficiency improvements.

Aug 26, 2025 / receipt, needs a key / Phil Zhou, CFO | earnings call 2025-08-26 | transcript e85aba42-1b53-4a40-8bf8-362cf5dff970 | chars 16591-16789 | segment 16

The platform is designed to improve system-level cost efficiency by high integration, making it suitable for entry to mid-range vehicle models.

filing / Mar 30, 2026 / receipt

The Group has rented office space from related parties, pursuant to which, the Group recorded rental expenses of US$ 652 , US$ 778 and US$ 672 in operating expenses for the years ended December 31, 2023, 2024 and 2025, respectively .

filing / Mar 30, 2026 / receipt

This change was made as a result of our assessment that the change will help provide a clearer understanding of our financial performance to investors and improve comparability of our performance to peers, particularly due to our ongoing international expansion.

filing / Mar 30, 2026 / receipt

One of our key business strategies is to pursue international expansion of our business operations and market our products in multiple jurisdictions.

filing / Mar 30, 2026 / receipt

Rental of office space (ii) 652 778 672 Other income (vi) 1,009 - - Interest income on loans due from related parties (iii) 748 62 150 - Interest income from Xingji Meizu 253 - 96 Interest income on loans due from Hubei ECARX (v) 1,504 1,561 2,128 Interest expense on borrowings due to related parties (iv) 1,717 2,165 1,818 Loans and advances to related parties (iii) 29,433 1,488 11,371 - Loans to Xingji

filing / Mar 30, 2026 / receipt