Kobi Marenko, CEO of Areva Robotics. The radar is based on the chip (photo: Areva Robotics)
Arba Robotics, the car radar manufacturer from Tel Aviv, received the first significant order for its radar chip for private vehicles.
This is a contract signed with the component supplier for the Chinese automobile industry HIRain, which works with BYD, Geely, SAIC, the parent company of MG and Maxus, among others.
Hirain works simultaneously with the Israeli companies Mobileye and Eways, and will be able to offer the Chinese manufacturers a sensor package for high-level autonomous driving based on Israeli components.
Hirain has signed a contract to purchase 340,000 radar chips from Arba, for an amount estimated by industry officials at about 30 million dollars. In cars with level 2 or higher of the 5 levels of autonomous driving formulated by the American Society of Automotive Engineers, more than one radar is needed for the vehicle.
Arba also has a manufacturing contract with the Chinese developer of robotaxis services, AutoX, but it realizes Auto at a slow rate of only about 1,000 radars per year. Its radar has a range of 350 meters and is capable of producing a high-resolution image, which allows it to simulate some of the radar's capabilities as well. "Laser water (lidar).
Since Arba Robotics went public through a merger with American SPAC and began trading on the Nasdaq in October 2021, it has lost 48% of its value, and is now trading at a value of $276 million.
Araba CEO Kobi Maranko said that "China is the largest car market in the world, and leads the autonomous vehicle industry.
"HiRain's work with leading car manufacturers and the transition to mass production are an important step towards real road safety, autonomous driving, and responding to the huge demand in this geographic region."
."
vehicle
All the articles
Tags
Auto Tech
radar