subscribers. Become an Insider
and start reading now.
Have an account? .
- Uber is investing hundreds of millions into the robotaxi wars.
- The company partnered with Lucid, which makes the Gravity EVs that Uber will use in its robotaxi fleet.
- Lucid’s stock was up more than 43% in premarket trading.
Uber is turning to Lucid as it looks to play catch-up in the robotaxi wars.
More than four and a half years after Uber sold off its autonomous vehicle division, the company is pouring hundreds of millions into Lucid as part of a new robotaxi deal.
Lucid will make the vehicles for Uber’s robotaxis, based on its Gravity EV. Uber is also partnering with self-driving technology company Nuro, which will power the autonomous driving capabilities.
“Autonomous vehicles have enormous potential to transform our cities for the better,” said Uber CEO Dara Khosrowshahi. “We’re thrilled to partner with Nuro and Lucid on this new robotaxi program, purpose-built just for the Uber platform, to safely bring the magic of autonomous driving to more people across the world.”
Lucid’s stock price jumped more than 43% in pre-market trading following news of the partnership, while Uber’s stock price was slightly up before the opening bell.
Uber said it plans to deploy a fleet of 20,000 robotaxis over the next six years. The company said its first prototype is “already operating autonomously on a closed circuit at Nuro’s Las Vegas proving grounds.”
The robotaxi wars have been heating up over the last year, with market leader Waymo, owned by Google, operating autonomous rides in multiple states.
Tesla launched a limited rollout of its robotaxi program in Austin earlier this summer.
This is a developing story…
Read the full article here
