Volkswagen Group of America's
Volkswagen and Uber announced a strategic partnership to deploy autonomous vehicles on the Uber platform.
Testing will likely begin later this year, with the first commercial launch in Los Angeles by 2026.
During the initial testing and launch phases, ID. Buzz AD vehicles will have human operators onboard to help refine the technology and ensure safety.
MOIA, a Volkswagen AG autonomous mobility brand, will provide an integrated solution for autonomous driving, including the ID. Buzz AD and software-based system for the deployment on the Uber platform.
Now, let us look at some recent autonomous driving deals.
In March, Mobileye Global Inc
In April, Uber and WeRide Inc
Tesla Inc
Bank of America analyst John Murphy expects Tesla's robotaxi segment to account for 50% of the EV company's valuation and be worth $420 billion in the U.S. and over $800 billion globally.
Tesla chief Elon Musk expects the EV giant's robotaxi fleet to function like a combination of Airbnb, Inc and Uber.
Price Actions: At the last check on Thursday, UBER stock is up 4.3% to $76.97.
