#Nuro
Latest EV news tagged #Nuro

Lucid, Uber, and Nuro Reveal Production-Intent Gravity Robotaxi at CES
The vehicle debuted this week at the 2026 Consumer Electronics Show, with initial deployments planned for Uber’s network in the San Francisco Bay Area later this year.

Lucid Reduces Cash Consumption 30% in the Third Quarter of 2026 and Expands Its PIF Credit Line by $1.75 Billion
Lucid reported third-quarter revenue of $350 million and said it cut free cash flow consumption by 30% from the prior quarter, to $1.04 billion. Lucid also said its delayed-draw loan facility with the Public Investment Fund of Saudi Arabia was increased by $1.75 billion, taking pro forma liquidity to $3.75 billion.

Nuro CEO Defends LiDAR as Lucid-Uber Robotaxi Program Nears Launch
Nuro Co-Founder and Co-Chief Executive Officer Jiajun Zhu has outlined the engineering case for multi-sensor autonomy as Nuro, Lucid and Uber prepare to launch commercial robotaxi service in the San Francisco Bay Area later this year. In a set of four internal strategy memos shared publicly on Tuesday, October 27, Jiajun Zhu explained why the autonomous Lucid Gravity fleet pairs solid-state LiDAR and radar with cameras.

Lucid Begins Building Gravity GT-S Units, Says Shipments Will Start Soon
The update comes as Lucid’s website continues to list the model as available in late 2026, without a formally announced production start or first delivery date.

Lucid and Bolt Plan 25,000-Unit Robotaxi Fleet for Europe
The vehicles will be based on Lucid’s upcoming Midsize platform and designed for SAE Level 4 autonomous driving, with Bolt planning to own and operate the fleet.

Lucid Is a Penny Stock Again, But LCID Is Still Not a Buy: Barchart
The stock remains far above its July low, when shares briefly plunged to $2.37 amid the bankruptcy speculation, but much of the recovery has since disappeared. Lucid rejected those rumors, and the company continues to have substantial liquidity. Still, investors have plenty of reasons to remain cautious.

Lucid’s $1.4 Billion Turnaround Plan Faces a Tough Test as Stock Hits 52-Week Low
Lucid shares closed at $4.55 on Sept. 1, down 42% from the $7.78 closing price on Aug. 4, the day before Napoli’s operational reset was announced. The decline came as the broader market remained comparatively stable, making the move largely company-specific.

Lucid Suspends Forecast After Revenue Miss and Gravity Delivery Disruption
The company said the problem has been resolved, with orders and deliveries rebounding in March as production and demand trends improved.

Uber Adds Hertz to Robotaxi Push with Lucid and Nuro
The collaboration highlights how autonomous mobility is evolving into a multi-company ecosystem, with each partner handling a specific layer of the service.

Uber Takes 11.5% Stake in Lucid to Power Robotaxi Expansion
The investment, totaling over 37.75 million shares, adds to Uber’s growing financial and operational commitment to Lucid.

Lucid Trims Workforce by 12 Percent and Keeps Robotaxi Strategy Intact
The move comes as the company continues scaling production of the Lucid Gravity SUV.

Why Lucid Gravity Was Chosen as the Foundation for Uber’s Robotaxi
Lucid unveiled a production-intent autonomous vehicle based on the Gravity SUV at CES 2026, developed in partnership with Nuro and slated for use exclusively on Uber’s platform.

Lucid Stock Surges on Wednesday After Cantor Fitzgerald Sees Over 110% Upside
The note eased investor concerns around Lucid’s long-term funding outlook and pointed to potential upside of more than 110% from recent lows.

Lucid Delivers First Gravity SUV for Nuro-Uber Robotaxi Program
The initial Lucid Gravity SUV was built at the company’s Arizona plant and shipped to California.

Lucid Closes $300M Uber Investment to Build Robotaxi Fleet
The cash injection will support development of a next-generation autonomous robotaxi program built on Lucid’s EV platform.

Lucid, Nuro, and Uber Join Forces to Launch Premium Autonomous Robotaxi Fleet
New robotaxi services are on the rise.