SHANGHAI - ECARX Holdings Inc. (NASDAQ: ECX), a global automotive technology provider, announced the opening of its new office in Stuttgart, Germany, which began operations on February 1, 2024. The Stuttgart office is set to become a key hub for the company, focusing on sales, technical business development, and customer support within the European market.
The establishment of the Stuttgart office signifies ECARX's strategic expansion within Europe, adding to its existing European locations in Sweden and the United Kingdom. This move is aimed at enhancing the company's ability to deliver advanced infotainment, connectivity, and advanced driver assistance system (ADAS) technologies to automotive original equipment manufacturers (OEMs).
Peter Cirino, the Chief Operating Officer of ECARX, expressed enthusiasm about the expansion, stating that the new office will enable the company to offer bespoke solutions and foster closer relationships with leading European automakers. The Stuttgart team will be instrumental in developing applications for ECARX's key product lines, including digital cockpit computing platforms and central computing platforms that integrate digital cockpit and ADAS controllers.
ECARX's growth strategy is reflected in its recruitment efforts, as the Stuttgart facility is currently hiring for various key positions such as software architects, functional safety engineers, and key account managers. These teams will collaborate with ECARX's global network, which includes offices in Stockholm, London, San Diego, and Shanghai, to deliver cutting-edge technology solutions to clients.
The company, founded in 2017 and publicly listed in 2022, has nearly 2,000 employees across major locations worldwide. ECARX's co-founders are automotive entrepreneurs, with Chairman and CEO Ziyu Shen and Eric Li, who also founded Zhejiang Geely Holding Group, which has ownership interests in several global automotive brands.
ECARX's products are currently utilized in over 5.6 million vehicles globally, and the company continues to work with well-known automakers such as FAW and Dongfeng Peugeot-Citroën. The information about ECARX's latest expansion is based on a press release statement from the company.
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