DXC And ECARX Forge Path For Next-Gen Automotive Solutions: Details

DXC Technology Company DXC announced a collaboration with ECARX Holdings Inc. ECX to expedite the advancement of in-vehicle functionalities.

This partnership will enhance infotainment systems, digital cockpits, and advanced driver assistance systems, ultimately improving drivers’ user experiences.

Both companies collaborate to enhance product and platform development in response to rapid industry changes.

ECARX will bolster its full-stack hardware and software offerings with DXC Luxoft’s software integration and engineering expertise and its ability to deliver customized solutions for automotive OEMs.

The new partnership aims to streamline the integration of software-defined vehicle capabilities for automotive OEMs, enabling the development of solutions that offer innovative user experiences. This includes seamless access to a full ecosystem of apps and intelligent AI-powered voice assistants for drivers.

Peter Cirino, Chief Operating Officer, ECARX, said, “This will bring automotive OEMs more software independence and business growth by enabling them, in collaboration with DXC Luxoft, to develop software solutions on ECARX’s industry-leading stack.”

Luz G. Mauch, Executive Vice President of DXC Luxoft Automotive, said, “Automotive OEMs need to be able to leverage the very latest advancements in the industry in order to offer a unique user experience.”

“Through this collaboration between ECARX and DXC Luxoft, our clients will have the ability to build unique software and interfaces, and accelerate the transformation to software-defined vehicles.”

Last month, DXC reported adjusted EPS of 97 cents, beating analyst estimates of 83 cents and sales of $3.38 billion, beating analyst estimates of $3.36 billion.

Investors can gain exposure to the stock via Invesco S&P SmallCap Information Technology ETF PSCT and Pacer US Small Cap Cash Cows 100 ETF CALF.

Price Action: DXC shares closed lower by 0.80% at $18.59 on Monday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.