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Lucid shares surge as Uber invests in robotaxi partnership
Proactiveinvestors NA· 2025-07-17 13:12
Core Insights - Proactive provides fast, accessible, and informative business and finance news content to a global investment audience [2] - The company specializes in medium and small-cap markets while also covering blue-chip companies and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Why is Lucid stock surging?
Finbold· 2025-07-17 13:12
Group 1 - Lucid's stock increased by 46.72% in premarket trading following Uber's announcement of a $300 million investment in the electric vehicle maker as part of a six-year robotaxi partnership [1][4] - Under the agreement, Uber will deploy at least 20,000 Lucid vehicles equipped with Nuro's self-driving technology over a six-year period, with the first robotaxis expected to launch in a major U.S. city next year [3][4] - The partnership marks a significant shift for Lucid from focusing on luxury consumer vehicles to entering the commercial robotaxi market [5] Group 2 - Lucid's first robotaxi prototype is currently being tested at Nuro's Las Vegas proving grounds, with the vehicles set to be owned and operated by Uber or its fleet partners [6] - Lucid filed a preliminary proxy statement with the SEC regarding a special stockholders' meeting to authorize a 1-for-10 reverse stock split, which the company believes will make its common stock more attractive to investors [7] - The reverse stock split will not affect stockholders' ownership interests or voting power, except for potential cash payments for fractional shares, and requires majority approval from votes cast at the special stockholders' meeting [8]
Uber just made its robotaxi play — with a big investment in Lucid
Business Insider· 2025-07-17 13:10
Core Insights - Uber is investing hundreds of millions into Lucid to develop a new robotaxi program, marking a significant move in the competitive robotaxi market [1][2] - The partnership with Nuro will provide the autonomous driving technology for the robotaxis, which will be based on Lucid's Gravity EV [1][2] - Lucid's stock price surged over 43% in pre-market trading following the announcement, while Uber's stock saw a slight increase [2] Company Plans - Uber aims to deploy a fleet of 20,000 robotaxis over the next six years, with the first prototype already operating autonomously at Nuro's Las Vegas proving grounds [3] - The robotaxi market is becoming increasingly competitive, with Waymo and Tesla also making strides in autonomous vehicle deployment [3]
Lucid Group涨超40%
news flash· 2025-07-17 12:41
Lucid Group涨超40%,消息面上优步将投资3亿美元于Lucid,作为其Robotaxi合作伙伴关系的一部分。 ...
7月17日电,优步将投资3亿美元于Lucid,作为其Robotaxi合作伙伴关系的一部分。
news flash· 2025-07-17 12:41
智通财经7月17日电,优步将投资3亿美元于美国电动汽车制造商Lucid,作为其Robotaxi合作伙伴关系的 一部分。 ...
X @Bloomberg
Bloomberg· 2025-07-17 12:40
Partnerships & Innovation - Uber is partnering with Lucid, an electric vehicle manufacturer, to introduce robotaxis [1] - Uber is collaborating with Nuro, a self-driving technology startup, to deploy a robotaxi fleet [1] Industry Focus - The initiative focuses on launching a robotaxi fleet, indicating a move towards autonomous transportation solutions [1]
LUCID GROUP股价盘前上涨逾20%
news flash· 2025-07-17 12:33
LUCID GROUP股价盘前上涨逾20%。 ...
Uber makes multi-million-dollar investment in Lucid and Nuro to build a premium robotaxi service
TechCrunch· 2025-07-17 12:31
Investment Overview - Uber is investing $300 million in Lucid and plans to purchase at least 20,000 of Lucid's new Gravity SUVs over the next six years, which will be equipped with Nuro's autonomous vehicle system [2][3] - Additionally, Uber is investing a multi-hundred-million dollar amount into Nuro, reportedly exceeding its investment in Lucid [3] Production and Launch Timeline - Production of the modified Lucid Gravity vehicles is expected to begin in late 2026 [3] - Uber aims to launch its robotaxi service in a major U.S. city next year [2] Partnership and Development - The agreement between Uber, Lucid, and Nuro took a year to finalize, indicating a significant commitment to the robotaxi program [3][4] - Engineers from Lucid and Nuro have already made progress, testing a prototype driverless vehicle at Nuro's proving grounds in Las Vegas [6] Broader Industry Context - Over the past two years, Uber has established partnerships with more than 18 autonomous vehicle technology companies globally, covering various applications in ride-hailing, delivery, and trucking [7] - Uber's notable partnership with Waymo is currently operational, offering a "Waymo on Uber" service in Austin and Atlanta, showcasing Uber's willingness to invest heavily in the autonomous vehicle market [8]
Uber inks six-year robotaxi deal with Lucid, invests $300 million in EV company
CNBC· 2025-07-17 12:30
Core Insights - Uber has announced a partnership to deploy over 20,000 robotaxis in the next six years, responding to increasing demand for driverless cars [1][2] - The partnership involves Lucid, an electric vehicle maker, and Nuro, an autonomous vehicle startup, with Uber investing $300 million in Lucid [2][3] - Nuro will develop the self-driving technology for Lucid's robotaxis, which are expected to launch in a major U.S. urban hub next year [2][4] Group 1 - The partnership aims to bring autonomous driving to a wider audience, as stated by Uber's CEO Dara Khosrowshahi [3] - Lucid's interim CEO Marc Winterhoff views this collaboration as an opportunity to enter a new market [3][6] - Nuro will provide a "level 4 self-driving system" that can operate without human intervention under normal conditions [4][5] Group 2 - The deal follows Uber's previous alliance with Waymo, which has expanded its services in Atlanta and Austin [4][5] - Lucid's Gravity vehicles are designed to have a 450-mile range, potentially reducing costs and improving accessibility [6] - Nuro is currently testing its first prototype vehicle at its Las Vegas proving grounds, having raised $106 million in funding earlier this year [7]
Lucid, Nuro, and Uber Partner on Next-Generation Autonomous Robotaxi Program
Prnewswire· 2025-07-17 12:30
Core Insights - Uber, Lucid Group, and Nuro have announced a partnership to launch a next-generation premium robotaxi program exclusively for the Uber platform, aiming to deploy over 20,000 Lucid vehicles equipped with Nuro's Level 4 autonomous driving technology over the next six years [1][4][5] Company Summaries Uber - Uber plans to deploy 20,000 or more Lucid vehicles in dozens of markets globally, with the first launch expected in a major US city next year [2][3] - The company will invest hundreds of millions of dollars into both Nuro and Lucid as part of this partnership [4] - Uber's platform operates in 70 countries, averaging 34 million trips per day, which provides the scale necessary to make self-driving vehicles accessible [7] Lucid Group - Lucid's vehicles will be integrated with Nuro's autonomous driving technology, leveraging the advanced architecture of the Lucid Gravity for a scalable robotaxi offering [6] - The Lucid Gravity features a 450-mile EPA estimated range, which minimizes downtime for charging and maximizes vehicle availability [7] - Lucid aims to extend its innovation and technology leadership into the autonomous vehicle market, which is projected to be multi-trillion dollars [5][10] Nuro - Nuro will lead the development and validation of safety protocols for the robotaxi service, utilizing simulations and real-world testing [8] - The Nuro Driver™ is designed to be vehicle-agnostic and has been proven through five years of driverless deployments across multiple U.S. cities [5][11] - Nuro's technology aims to make autonomy accessible and scalable, supporting various applications including robotaxis and commercial fleets [11]