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Lucid Group Inc. soared on Thursday, after ride-hailing company Uber announced partnering with the EV maker to launch robotaxis.

 

Uber Technologies Inc. unveiled it is teaming up with EV maker Lucid and self-driving tech startup Nuro to launch a robotaxi fleet,

 

The company said Thursday it will purchase and operate Lucid Gravity SUVs outfitted with Nuro Driver technology on its ride-sharing network.

 

Uber plans to roll out the robotaxis next year in one of the US major cities, with plans to deploy at least 20,000 of the robotaxis over six years.

 

The ride-sharing company also announced it’s making separate multi-hundred-million dollar investments in both Lucid and Nuro, including $300 million for Lucid.

 

During Wall Street’s pre-opening trading, Lucid Group stock soared by 45.86% to $3.34 at 3:59 Makkah time, trimming its gains that earlier hit 62%.

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