Company: Arbe
China automotive market dynamics news Arbe Arbe Arbe WeChat ID gh_7b6603e1b637 Function Introduction Arbe is a provider of next-generation 4D imaging radar chipset solutions, dedicated to paving the way for fully autonomous driving by enabling truly safe driver assistance systems. Arbe’s imaging radar is 100 times more detailed than other radars on the market and is the sensor required for L2 and higher autonomous driving level vehicles. Structural overcapacity drives exports and price cuts In January this year, China’s auto sales reached 2.4 million units, a year-on-year increase of 47.9%, among which new energy vehicle (NEV) sales increased by 78.8%, while internal combustion engine (ICE) vehicle sales increased by 40.1%. Notably, due to the late Lunar New Year holiday this year, the actual number of vehicle sales days in 2024 increased by 22% compared to last year. Despite the overall positive trend, we still need to deeply analyze the data to gain a full picture. From monthly dat
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