Lucid Partnership with Uber and Nuro Sends Stock Soaring
ByAinvest
Thursday, Jul 17, 2025 12:14 pm ET1min read
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The agreement involves deploying 20,000 or more Lucid vehicles equipped with Nuro's Driver™ Level 4 autonomy system over six years in dozens of markets worldwide, with the first launch in a major US city next year [1]. This initiative combines Lucid's advanced vehicle architecture, Nuro's AI-powered self-driving software, and Uber's extensive global network to create a fully integrated robotaxi experience.
Dara Khosrowshahi, CEO of Uber, expressed enthusiasm about the partnership, stating, "Autonomous vehicles have enormous potential to transform our cities for the better. We’re thrilled to partner with Nuro and Lucid on this new robotaxi program, purpose-built just for the Uber platform, to safely bring the magic of autonomous driving to more people across the world" [1].
Marc Winterhoff, Interim CEO at Lucid, highlighted the significance of the partnership, noting, "This investment from Uber further validates Lucid's fully redundant zonal architecture and highly capable platform as ideal for autonomous vehicles, and our industry-leading range and spacious well-appointed interiors, as ideal for ridesharing" [1].
Jiajun Zhu, Co-Founder and CEO at Nuro, emphasized the potential for the partnership, saying, "We believe this partnership will demonstrate what’s possible when proven AV technology meets real-world scale" [1].
The partnership underscores Lucid's growing presence in the self-driving market and its commitment to innovation in electric vehicles. The deal also signals a significant investment by Uber, with plans to make multi-hundred-million-dollar investments in both Nuro and Lucid [1].
References:
[1] https://investor.uber.com/news-events/news/press-release-details/2025/Lucid-Nuro-and-Uber-Partner-on-Next-Generation-Autonomous-Robotaxi-Program/default.aspx
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Lucid's stock surged over 50% in premarket trading after announcing a self-driving partnership with Uber and Nuro. The partnership will allow Lucid to integrate its self-driving technology into Uber's ride-hailing and delivery services. Lucid's luxury vehicles will be used for Uber's robo-taxis, competing directly with Tesla's autonomous fleet. The deal highlights Lucid's growing presence in the self-driving market.
Lucid Group, Inc. (NASDAQ: LCID) experienced a significant boost in its stock price, surging over 50% in premarket trading following the announcement of a strategic partnership with Uber Technologies, Inc. (NYSE: UBER) and Nuro, Inc. This collaboration aims to integrate Lucid's self-driving technology into Uber's ride-hailing and delivery services. The partnership will leverage Lucid's luxury vehicles for Uber's robotaxi services, positioning Lucid directly in competition with Tesla's autonomous fleet.The agreement involves deploying 20,000 or more Lucid vehicles equipped with Nuro's Driver™ Level 4 autonomy system over six years in dozens of markets worldwide, with the first launch in a major US city next year [1]. This initiative combines Lucid's advanced vehicle architecture, Nuro's AI-powered self-driving software, and Uber's extensive global network to create a fully integrated robotaxi experience.
Dara Khosrowshahi, CEO of Uber, expressed enthusiasm about the partnership, stating, "Autonomous vehicles have enormous potential to transform our cities for the better. We’re thrilled to partner with Nuro and Lucid on this new robotaxi program, purpose-built just for the Uber platform, to safely bring the magic of autonomous driving to more people across the world" [1].
Marc Winterhoff, Interim CEO at Lucid, highlighted the significance of the partnership, noting, "This investment from Uber further validates Lucid's fully redundant zonal architecture and highly capable platform as ideal for autonomous vehicles, and our industry-leading range and spacious well-appointed interiors, as ideal for ridesharing" [1].
Jiajun Zhu, Co-Founder and CEO at Nuro, emphasized the potential for the partnership, saying, "We believe this partnership will demonstrate what’s possible when proven AV technology meets real-world scale" [1].
The partnership underscores Lucid's growing presence in the self-driving market and its commitment to innovation in electric vehicles. The deal also signals a significant investment by Uber, with plans to make multi-hundred-million-dollar investments in both Nuro and Lucid [1].
References:
[1] https://investor.uber.com/news-events/news/press-release-details/2025/Lucid-Nuro-and-Uber-Partner-on-Next-Generation-Autonomous-Robotaxi-Program/default.aspx
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