Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Investing

Uber accelerates global robotaxi push with another ‘major’ deal

admin by admin
July 15, 2025
in Investing
0
Uber accelerates global robotaxi push with another ‘major’ deal
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Uber Technologies Inc (NYSE: UBER) is inching up in premarket on Tuesday after announcing a multi-year strategic partnership with Chinese tech giant Baidu aimed at deploying thousands of autonomous vehicles on its platform outside the US and mainland China.

According to Baidu, the rollout will begin by the end of this year in Asia and the Middle East, with cities like Dubai and Abu Dhabi among the first to see its Apollo Go robotaxis in action.

Uber-Baidu deal marks a significant expansion for both companies – aiming at reshaping the future of mobility through driverless technology.

Baidu shares gained nearly 5.0% in the US following today’s announcement, while UBER stock is up a little under 2.0%.

What Baidu deal means for Uber stock

For Uber investors, the company’s team-up with Baidu is more than just a technological upgrade – it’s a strategic leap toward global dominance in autonomous mobility.

Bringing the Apollo Go fleet, which has already completed more than 11 million rides across 15 cities to its ride-hailing platform, UBER secures access to a proven AV system with a rather strong safety record.

In the long run, this could translate to lower operating costs, improved margins, and differentiated services in competitive markets.

Uber’s stock price increase after the announcement signals confidence in the company’s ability to scale autonomous operations without the burden of developing its own AV technology.

Moreover, the Baidu agreement positions UBER to compete more aggressively with Alphabet’s Waymo and other autonomous driving players.

UBER has several other robotaxi deals

Investors should note Baidu is the latest in a strong of robotaxi partnerships that Uber Technologies has announced in the trailing 12 months.

In September 2024, for example, the ride-hailing behemoth teamed up with WeRide to deploy self-driving vehicles across its platform – with plans of expanding to 15 news cities globally over the next five years.

Then this year in May, Pony AI joined the roster, announcing a strategic alliance with UBER to launch robotaxi services in the Middle East and beyond.

The company based out of San Francisco, CA has also partnered with Waymo in the US, offering driverless rides in Austin via the Uber app – and in the UK, it is trialing autonomous rides with a startup called “Wayve”.

These deals reflect Uber’s shift from developing its own AV tech – after selling its autonomous unit in 2020 – to becoming a platform that aggregates best-in-class autonomous solutions.

Should you invest in UBER shares today?

Uber’s robotaxi strategy is gaining momentum, and the Baidu deal adds a compelling layer to its long-term growth narrative.

The company is transitioning from a labor-intensive ride-hailing model to a tech-driven mobility platform, which could unlock higher profitability and scalability.

However, Wall Street analysts believe much of the related upside is already baked into the UBER stock at current levels.

While the consensus rating on Uber shares currently sits at “overweight”, the mean target of about $99 does not currently indicate exciting upside potential from here.

The post Uber accelerates global robotaxi push with another ‘major’ deal appeared first on Invezz

Previous Post

AI boom drives US startup funding close to record highs

Next Post

MP Materials shares pop 18% after $500M deal with Apple

admin

admin

Next Post
MP Materials shares pop 18% after $500M deal with Apple

MP Materials shares pop 18% after $500M deal with Apple

Trending News

Brain rot named Oxford’s Word of the Year, reflecting digital age concerns

Brain rot named Oxford’s Word of the Year, reflecting digital age concerns

December 5, 2024
President Trump reconsiders 50% tariff hike as Ontario pauses energy charge

President Trump reconsiders 50% tariff hike as Ontario pauses energy charge

March 12, 2025
Asian stocks close mixed on Monday: Hang Seng slips 1.4%, Nikkei jumps 1%

Asian stocks close mixed on Monday: Hang Seng slips 1.4%, Nikkei jumps 1%

May 26, 2025
Subscribe to Insightful Word


    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025
    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    August 7, 2025
    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    August 7, 2025

    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025

    Latest News

    • Dow futures soar 250 points today: 5 things to know before Wall Street opens
    • Affirm stock price is rising: is it a buy before earnings?
    • Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.