Uber is investing $300 million in Lucid Group to deploy 20,000 self-driving SUVs equipped with Nuro's technology by 2032, beginning in 2026. The partnership aims to revitalize the robotaxi market, with the first vehicle expected in a major U.S. city by late 2025. Following the announcement, Lucid's stock surged 40% to $3.21 per share. Interim CEO Marc Winterhoff emphasizes that this marks a critical step in expanding beyond electric vehicles. The initiative anticipates an increasing demand for autonomous driving services.
Uber is investing $300 million in Lucid Group to deploy 20,000 self-driving SUVs equipped with Nuro's technology by 2032, beginning in 2026. The partnership aims to revitalize the robotaxi market, with the first vehicle expected in a major U.S. city by late 2025. Following the announcement, Lucid's stock surged 40% to $3.21 per share. Interim CEO Marc Winterhoff emphasizes that this marks a critical step in expanding beyond electric vehicles. The initiative anticipates an increasing demand for autonomous driving services.