Arbe Robotics (ARBE) said Monday that a Chinese state-owned automaker has selected Arbe's Ultra High-Definition Radar, built in collaboration with Hirain Technologies, for its Level 4 autonomous, or L4, vehicle project, with production starting in December 2026.
Financial details weren't provided.
Hirain's LRR610 Radar, which contains Arbe's chipset, will be used in thousands of vehicles that are expected to be available in the market in 2027, the company said.
Arbe's shares rose 9.7% in recent Monday trading.
Price: 1.13, Change: +0.10, Percent Change: +9.71