Arbe Announces Deal with Chinese Supplier

Arbe Announces Deal with Chinese SupplierTEL AVIV, Israel — Arbe Robotics Ltd. (NASDAQ: ARBE), a global leader in perception radar solutions, announced that Weifu High-Technology Group, a tier 1 supplier in the Chinese automotive market, has issued an $11.6 million preliminary order for Arbe radar chipsets, for its estimated requirements for 2024. Arbe is committed to providing Weifu with the capacity and support its growth in the market. “We are seeing strong demand for perception radar from the Chinese market,” says Xu Yunfeng, CEO of the Weifu Group. Weifu is focused on developing radar systems based on Arbe’s chipset and delivering customized perception radar systems to automotive OEMs, trucks, commercial vehicles, and traffic operations. “China is one of the fastest growing automotive industries in the world,” says Kobi Marenko, CEO of Arbe.