ECARX Holdings Inc.

Good day and thank you for standing by and welcome to ICAREX Q2 2023 Earnings Conference Call. At this time all participants are in a listen only mode. After the speaker presentation there will be a question and answer session. To ask a question you will need to press star 1 1 on your telephone. I would now like to end the conference over to Adam Kaye, Investor Relations at ICAREX. Please go ahead.

thank you operator good morning and welcome to our second quarter 2023 earnings conference call with me today our ECORx chairman chief executive officer and co-founder Zhiyu Shen chief operating officer Peter Serino and our recently appointed chief financial officer Phil Zhu this call is being recorded before we begin the prepared remarks which will be followed by Q&A and Today's presentation will refer to both GAAP and non-GAAP measures, and also contain forward-looking statements, which are based on the environment as we currently see it, and as such includes risks and uncertainties. Please refer to our filings with the SEC for more information on the specific risk factors that could cause actual results to differ materially. With that, I'd like to hand the call over to Ziu.

Thank you, Adam. Hello, everyone, and welcome. Thank you for joining our second quarter earning course. Our momentum built in the second quarter with strong revenue and quarter-on-quarter growth margin, growth demonstrating the growing interest in our product and the demand from consumers for a safe and more enjoyable in-car experience. There are now 5.2 million vehicles on the road that incorporate our technology across 21 brands offered by our 12 automotive OEM customers. Vehicles on the road equipped with our products increased 6% from last quarter and 30% from the same period last year. Our dedicated team of around 2,000 people, including over 1,580 engineers, has firmly established e-car X as the leading tech provider in China. And we are gaining increasing attention from important automotive OEMs outside of China as well. We operate in a rapidly growing and evolving marketplace. The roll out of digital copies also increase our content per vehicle and ASP. The appeal of a company like EcoRx is that we are working in the sweet spot of automotive technology. Our marketplace is currently being reinvented and where the experience and the know-how of the Chinese market, where some of the most demanding customers in the world play a vital role. With more than 30 vehicles in our launch pipeline over the next 18 months, We expect those cars combined to wrap into an additional million vehicles on the road with e-car X technology. In quarter three alone, we expect to see production of a new GD model using the Antona 1000 system on check, as well as the linking code 08, which showcases our full platform with the Antona 1000 Pro Cloud Picks. driving auto operating system, and our automated driving control unit, ADDU, with LG Plus ADAS from G-Car. Peter Serino, our COO, will now discuss these important milestones and some of our operating accomplishments in quarter two.