ECARX Holdings Inc. ECX

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
34/100
Developing

About ECARX Holdings Inc.

ECARX Holdings Inc. develops full-stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology of smart mobility in China and internationally. The company offers system on a chip, central computing platforms, operating systems, and software. Its core products include infotainment head units, autonomous driving control units, digital cockpits, vehicle chip-set solutions, core operating … Full ECX analysis →

Competitive advantage assessment

Key strengths

  • Operating Leverage in Effect Operating leverage is evident (score 0.82), with margins expanding over time.

Key risks

  • ROIC Below WACC or Peers ROIC at 23.6th percentile suggests inefficient capital deployment.
  • Liquidity Concerns Liquidity is concerning (score 0.05), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
28

Where ECX ranks in Auto Parts

ECARX Holdings Inc. ranks #39 of 60 scored companies in Auto Parts by moat score — the top 65%. The widest moat in the group is Allison Transmission Holdings, (ALSN) at 83/100.

Moat scores for companies ranked near ECX in Auto Parts
# Company Moat score Rating
35 Kandi Technologies Group, Inc. KNDI 41/100 Developing
36 Commercial Vehicle Group, Inc. CVGI 39/100 Developing
37 Stoneridge, Inc. SRI 38/100 Developing
38 CarParts.com, Inc. PRTS 34/100 Developing
39 ECARX Holdings Inc. ECX 34/100 Developing
40 Sypris Solutions, Inc. SYPR 34/100 Developing
41 ECARX Holdings Inc. Warrants ECXWW 33/100 Developing
42 Fox Factory Holding Corp. FOXF 32/100 Developing
43 SES AI Corporation SES 30/100 Developing

See every General Corporate company ranked by moat score →

How ECX scores on the Corporate Default defenses

Pricing Power

Score 28 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 55 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 26 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 15 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 28 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 58 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding ECX's moat

What is ECARX Holdings Inc.'s moat score?

ECARX Holdings Inc. (ECX) scores 34 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #39 of 60 scored companies in Auto Parts, the top 65%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 59 companies in Auto Parts. Its strongest defense is Scale & Market Position (58/100) and its weakest is Capital Efficiency (15/100).

How does ECARX Holdings Inc. compare with other Auto Parts companies?

ECARX Holdings Inc. ranks #39 of 60 scored companies in Auto Parts by moat score. The widest moat in Auto Parts is Allison Transmission Holdings, (ALSN) at 83/100. The companies ranked closest are CarParts.com, Inc. (PRTS) at 34 just above it and Sypris Solutions, Inc. (SYPR) at 34 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 59 companies in Auto Parts. The defenses are then weighted to produce the overall score out of 100.

Why is ECARX Holdings Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for ECARX Holdings Inc.?

The Corporate Default template measures 6 defenses, and ECX scores: Pricing Power (28), Cost Advantage (55), Customer Stickiness (26), Capital Efficiency (15), Resilience (28), Scale & Market Position (58). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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