ECARX Holdings (ECX) Partners with Monolithic Power Systems for AI Automotive Solutions

ECARX Holdings Inc. (NASDAQ:ECX) is one of the best EV penny stocks to buy according to hedge funds. On July 22, the company announced a strategic partnership with Monolithic Power Systems, Inc. (NASDAQ:MPWR), a fabless provider of advanced semiconductor-based power solutions. The collaboration will focus on automotive intelligence, robotics, and AI, aiming to build a global supply chain and smart industrial ecosystem through system integration, platform adaptation, and streamlined delivery.

ECARX Holdings (ECX) Partners with Monolithic Power Systems for AI Automotive Solutions

Both companies will jointly explore opportunities in the automotive and embodied intelligence sectors. The efforts will focus on product adaptation, validation, and system optimization to reduce development cycles and accelerate time-to-market for customers. On its part, MPS will leverage its global research and development, supply, and engineering support capabilities to help ECARX build a more resilient and efficient global supply chain. ECARX hopes that these efforts will accelerate the rollout of its products across multiple markets, supporting its international expansion strategy.

ECARX Holdings Inc. (NASDAQ:ECX) is a global automotive technology company. It designs and develops intelligent computing platforms, digital cockpits, and full-stack software solutions that power connected and autonomous vehicles, including EVs. Its core products (automotive chipsets, infotainment systems, and advanced driver-assistance technologies) are integrated into EVs produced by leading manufacturers such as Geely and Volvo. ECARX’s products enable smart mobility features in EVs, including supporting vehicle-to-cloud connectivity, energy-efficient processing, and real-time driving intelligence.

While we acknowledge the potential of ECARX Holdings Inc. (NASDAQ:ECX) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ECX and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.