Uber, Baidu and China
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As part of the arrangement, Baidu will introduce thousands of its Apollo Go autonomous vehicles on Uber’s platform in areas outside of China and the United States.
The robotaxi service is expected to launch in late 2026 in an unnamed "major US city," and Uber said that a prototype of an operational autonomous Lucid-Nuro vehicle is currently being tested on a closed circuit at a Nuro facility in Las Vegas.
Lucid stock jumps 28% after striking a major robotaxi deal with Uber and Nuro, signaling a bold new chapter in autonomy.
We recently published Lackluster Tuesday? Not for These 10 Stocks on Sky High. Baidu, Inc. (NASDAQ:BIDU) is one of Tuesday’s top performers. Baidu snapped a four-day losing streak on Tuesday, jumping 8.
Uber just announced a deal today with the company that runs one of the largest robotaxi fleets in China, as the ridehail giant nears its goal of becoming the world’s ultimate autonomous vehicle clearinghouse.
Tesla expanded the ‘geofence’ for its robotaxi pilot service in Austin, Texas, less than a month after its launch.
Shares of Baidu ( BIDU 9.13%) charged sharply higher on Tuesday, surging as much as 9%. As of 12:46 p.m. ET, the stock was still up 8.5%. The catalyst that sent the Chinese tech giant higher was a high-profile partnership for its self-driving car platform.