Uber Stock (NYSE:UBER)
On Thursday, Uber (NYSE:UBER) entered into new agreement with Motional, a firm specializing in driverless technology, marking another significant step forward in autonomous driving. As a result, Uber stock gained this morning.
In accordance with the agreement’s stipulations, Uber (NYSE:UBER) will commence the deployment of Hyundai’s electric Ioniq 5 robotaxis in the United States by the end of this year. These vehicles will feature the driverless technology developed by Motional. The deal covers a period of ten years and stipulates that in addition to providing rides to customers, automobiles powered by Motional will also be employed for delivery services.
As part of a pilot program being conducted in the state of California by Motional and Uber (NYSE:UBER), autonomous automobile deliveries have been made by both companies. The firms have said they would provide further information on the first deployment of the driverless robotaxis in the near future. As a result, Uber stock was gaining Thursday morning.
The relationship follows closely on the heels of an agreement that Uber (NYSE:UBER) reached with the Dutch carmaker Stellantis (STLA) around the end of September to increase the number of electric cars that are part of its service in France.
It was recently disclosed that automobile manufacturer Stellantis (NYSE:STLA) and mobility-as-a-service provider Uber stock had formed a partnership with the intention of concentrating on the electric car market in France.
Featured Image- Megapixl @ Petrajz
Author Shariq Khan 
