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Glen De Vos says the next-generation sensors are scheduled for launch in 2028 with a price of $200-$300, making them more accessible for mass adoption.

The integration will allow companies to source inventory across warehouses and stores within a local area and choose modes and carriers based on cost and delivery status in real time.

The sale represents Uber’s second as a blue-chip company after it tapped investors for $4 billion around a year ago. The proceeds will be used for general corporate purposes.

Hesai, which raised $192 million in its U.S. initial public offering in 2023, was added to a Pentagon blacklist of companies linked to China’s military last year.

The crackdown has rattled South Korea and raised questions about the country’s willingness and ability to deliver promises it made to the Trump administration to invest in the U.S. 

Overall sales abroad rose 4.4% in August from a year earlier to $322 billion, according to a statement from the General Administration of Customs on Sept. 8.

Manufacturing payrolls fell for the fourth straight month in August, slipping by 12,000 from a month earlier, Bureau of Labor Statistics data released Sept. 5 showed.

Mark Carney also said his government would waive 2026 model year vehicles from Canada’s zero-emission standard and review the overall mandate, confirming a Bloomberg News report.

Tariffs under Section 232 of the Trade Expansion Act are already in place for steel and aluminum and have compelled truck makers to increase their prices.

The raid focused on the battery plant construction site and agencies are investigating allegations of unlawful employment practices and other serious federal crimes.