Key Takeaways Lucid shares jumped 36% Thursday on news the EV startup is partnering with self-driving software maker Nuro and rideshare giant Uber Technologies to bring a new group of robotaxis to Uber's platform.

Uber aims to deploy 20,000 or more Lucid vehicles equipped with the Nuro Driver™ over six years indozens of markets around the world, with the first launch in a major US city next year

Uber Technologies Inc. on Thursday unveiled a three-way partnership with an Arizona component to develop a “next generation” robotaxi program.

Lucid’s stock zooms to best day in months after Uber becomes the EV maker’s latest backer and the companies hatch a plan to launch robotaxis.

Uber has committed to investing hundreds of millions in both Lucid and Nuro as part of the program. The plan includes the installation of hardware in Lucid Gravity vehicles to handle Nuro’s autonomous driving system during the assembly line, before the software is added when the car is commissioned by Uber.