Uber is investing hundreds of millions in a new robotaxi initiative by partnering with Lucid for vehicle production and Nuro for self-driving technologies. Following the partnership announcement, Lucid's stock surged over 43%. Uber intends to deploy a fleet of 20,000 robotaxis within six years, with the first prototype already operating autonomously at Nuro's Las Vegas proving grounds. This initiative comes as competition in the robotaxi sector intensifies, highlighted by established players like Waymo and Tesla.
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.
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."
"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."
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