search icon
      blog search icon

      What Caused ECARX (ECX) Stock To Surge After-Hours?

      By Fahim Awan

      Published on

      November 28, 2023

      9:19 AM UTC

      What Caused ECARX (ECX) Stock To Surge After-Hours?

      ECARX Holdings Inc. (NASDAQ: ECX) shares experienced a notable upswing of 7.37%, reaching $3.35 in the extended trading session on Monday. This surge followed a modest 0.65% increase in ECARX stock during regular trading hours, concluding the session at $3.12. Since yesterday’s rise was not accompanied by any current catalyst, it appears that recent developments have been driving ECX stock higher.

      Recently unveiled by ECARX (ECX), a new suite of Advanced Driver Assistance System (ADAS)-enabled products, led by the ECARX Skyland Pro, has garnered attention. Positioned to assist drivers amidst the evolving autonomy of their vehicles, this announcement marks a significant stride for the company.

      The deployment of the ECARX ADAS platform has commenced, signifying a pivotal milestone in the company’s journey. The ECARX Skyland Pro, boasting a dual System-on-Chip (SoC) architecture, stands out for its outstanding performance and is fortified by a sophisticated safety framework.

      Fueled by two Black Sesame Huashan-2 A1000 automotive-grade SoCs, the ECARX Skyland Pro delivers an impressive computing power of 116 tera operations per second (TOPS) at 8-bit integer (INT8). This high-performance system facilitates L2+ advanced driving and parking capabilities.

      Beyond its robust ADAS features, the ECARX Skyland Pro integrates its dual SoC architecture with BlackBerry’s QNX, AUTOSAR Adaptive Platform, and Classic Platform automotive-grade software, providing a resilient safety infrastructure compliant with global OEM and regulatory standards.

      The imminent release of the ECARX Skyland Pro will be succeeded by the introduction of the ECARX Skyland, a single SoC solution tailored to meet a broader spectrum of OEM requirements. Specifically designed for L2+ ADAS scenarios, the ECARX Skyland empowers automakers to seamlessly integrate driving and parking functionalities.

      The commencement of mass production for the ECARX Skyland Pro and the ECARX Antora 1000 Pro computing platforms signifies ECARX’s dedication to delivering a comprehensive suite of automotive intelligence solutions that seamlessly blend exceptional performance with heightened security.

      Through the ECARX Skyland series, automotive manufacturers will effortlessly infuse cutting-edge ADAS capabilities into their vehicles, ultimately enhancing driving experiences for a wider audience in a secure and efficient manner.

      More From Stocks telegraph