Uber and Lucid Team Up for Ambitious Robotaxi Initiative
Uber Technologies, Inc. has announced a significant partnership with Lucid Motors and Nuro to launch a next-generation autonomous robotaxi service, positioning itself in direct competition with established players like Waymo and Tesla. The deal, which includes a $300 million investment from Uber in Lucid, will see Uber purchase at least 20,000 luxury Lucid Gravity robotaxis, set to be deployed starting next year. Stock prices for Lucid surged as much as 50% following the announcement, reflecting investor optimism over the venture. With this multimillion-dollar deal, Uber aims to redefine urban transportation and make a strong comeback in the robotaxi market.
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