Arbe Robotics Ltd. (NASDAQ: ARBE), a global leader in Perception Radar Solutions, announced today that Weifu High-Technology Group, a prominent 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 for its growth in the market.
In addition, Weifu has placed a $1 million order of professional services for radar systems design based on the Arbe chipset, including: engineering services, setup of a testing lab, and advanced support from Arbe, for the upcoming 12 months, further strengthening the collaboration between the two companies.
“We are seeing strong demand for perception radar from the Chinese market,” says Xu Yunfeng, CEO of the Weifu Group. “Our strong collaboration with Arbe signifies our commitment to providing our customers with the most advanced radar technology, enabling them to innovate and advance ADAS and autonomous vehicle development with a safety-first approach.”
Arbe and Weifu have been collaborating since 2019, serving the automotive industry in China. 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. “The preliminary order from Weifu exemplifies the accelerated progress of the automotive market in this region, with key players seeking perception radar solutions that can provide comprehensive free space mapping of a vehicle’s surroundings.”
Arbe’s perception radar chipsets offer advanced capabilities that address recent causes of ADAS and autopilot accidents, prioritizing the safety of drivers, pedestrians, and other vulnerable road users. Its advanced capabilities include free space mapping around the vehicle, stationary object detection across the entire field of view, while eliminating false alarms.