Uber teams up with Lucid and Nuro to deploy 20,000 robotaxis across the U.S.

Uber's Collaboration for Robotaxis: Uber has partnered with Lucid and Nuro to develop over 20,000 robotaxis in the U.S. over the next six years, with a planned launch in a major city next year. Uber will invest $300 million in Lucid and a larger undisclosed amount in Nuro, gaining a seat on Nuro's board as part of the agreement.

Impact on Electric Vehicle Market: The collaboration aims to integrate Lucid's Gravity SUV with Nuro's autonomous technology, enhancing Uber's position in the electric and autonomous vehicle market. Following the announcement, Lucid's stock surged by 36%, reflecting investor confidence in the partnership's potential.