ECARX Showcases Latest In-Vehicle Navigation System and Intelligent Driving Solutions at IAA Mobility 2025 - ECARX Holdings (NASDAQ:ECX)

Ecarx shares rose 3.7% in pre-open after the company reported unaudited Q2 2026 results. Revenue was $225.2M, up 45% year over year, while net loss narrowed to $12.0M from $45.4M. Gross margin rose to 19.8% and adjusted EBITDA stayed positive for a fourth straight quarter. Ecarx reiterated 2026 revenue guidance of $1.0B to $1.1B.

LONDON, July 31, 2026 /PRNewswire/ -- ECARX Holdings Inc. (Nasdaq: ECX) recognises today's key update from SiEngine Technology Co., Ltd., its incubated automotive semiconductor investment. SiEngine has secured US$200 million in new equity capital from institutional investors over the course of H1 2026, hitting a transformative funding milestone as one of China's top vehicle-grade semiconductor designers.

ECARX Holdings (Nasdaq: ECX) and TPK Holding (TWSE: TPK) signed a binding cooperation memorandum to co-develop the ORCA LiDAR platform for global markets. ECARX will lead system integration and commercialization, while TPK will handle optical design and high-volume manufacturing. Mass production is planned for 2028 at TPK’s Thailand facility, targeting ADAS and autonomous driving use.

Phillips 66, Kinder Morgan and HF Sinclair said they made a final investment decision to proceed with the $5 billion Western Gateway Pipeline, aiming for completion in 2029 subject to permits. The 1,300-mile system would move refined fuels into the West with 230,000 bpd capacity and potential Southern California gasoline price relief. Ownership: Phillips 66 49.9%, Kinder Morgan 35.1%, HF Sinclair 15%.

Glenmark Pharmaceuticals’ U.S. unit said, in an exchange filing, it reached a settlement with Humana to resolve antitrust litigation tied to consolidated generic-drug price-fixing claims in the Eastern District of Pennsylvania. The settlement totals $15.28 million plus interest, paid in two installments. Glenmark denied the allegations and said the amount was already booked in its financial statements.

Boeing said the US Air Force awarded it a $75 million undefinitized contract action to start building the GBU-75 long-range guided bomb, combining a JDAM warhead with a wing kit and turbojet engine to reach over 300 nautical miles. Boeing invested nearly $100 million. The Navy plans initial deliveries after April 2026 tests.