Arbe Robotics Ltd. (NASDAQ:ARBE) shares are trading higher Tuesday after the company announced that a major automotive group selected its radar technology for a Level 3 automated driving program.

• Arbe Robotics shares are climbing with conviction. Why are ARBE shares rallying?

Arbe Selected for Level 3 Program

Arbe and partner Hirain Technologies announced that one of the world’s largest automotive groups has selected Hirain’s imaging radar, powered by Arbe’s ultra-high-resolution radar chipset, for a Level 3 automated driving passenger vehicle program in China.

Hirain will manufacture, supply and integrate the complete radar system, with series-production deliveries scheduled to begin in the fourth quarter of 2027, ahead of vehicle start of production. Arbe’s ultra-high-resolution radar chipset will generate the dense, detailed radar data required by the vehicle’s central automated-driving platform.

“Winning a major Level 3 program with a top global automotive group is a defining milestone in the commercialization of Arbe’s technology,” said Ram Machness, CEO of Arbe. “For eyes-off automated driving, radar must provide far more than detection; it must deliver the detailed perception data the vehicle can rely on at scale.”

Arbe Shares Move Higher

ARBE Price Action: At the time of publication, Arbe shares were trading 28.32% higher at approximately 81 cents, according to data from Benzinga Pro.

This illustration was generated using artificial intelligence via Midjourney.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.