Uber (UBER) Soars 4.83% on Autonomous Driving Push

Uber Technologies Inc. (UBER) on May 12, 2025, rose 4.83% in pre-market trading. This surge comes as the company continues to expand its strategic partnerships and investments in the autonomous driving sector, which is expected to drive future growth and innovation.

Uber has recently announced significant developments in its autonomous driving initiatives. The company has expanded its partnership with WeRide, a leading autonomous driving technology provider, to deploy self-driving Robotaxi services in 15 new international cities over the next five years. This expansion includes key markets in Europe and the Middle East, further solidifying Uber's position as a global leader in autonomous transportation.

Additionally, Uber has made a substantial investment in Pony.ai, a prominent autonomous driving startup. The company has committed to investing an additional $1 billion in Pony.ai, marking Uber's largest investment in the autonomous driving sector to date. This investment is expected to accelerate the commercialization of autonomous driving technology and enhance Uber's competitive edge in the market.

Uber's strategic moves in the autonomous driving sector are part of a broader effort to diversify its revenue streams and reduce reliance on traditional ride-hailing services. By investing in cutting-edge technology and forming strategic partnerships, Uber aims to stay ahead of the curve in the rapidly evolving transportation industry.