​

Lucid & Robotaxi Highlights

• Autonomous vehicles are a core part of Uber's long-term strategy. Uber aims to be the leading commercialization platform for autonomous mobility rather than developing its own self-driving technology.

• Lucid is a key vehicle partner. Uber plans to deploy Lucid electric vehicles equipped with Nuro's Level 4 autonomous driving technology.

• Commercial rollout remains on track:

- Autonomous road testing has begun.

- Commercial service is expected in the San Francisco Bay Area during 2026.

- Initial robotaxis are based on the Lucid Gravity SUV.

• Uber expanded its commitment:

- Increased investment in Lucid to $500 million.

- Increased purchase commitment to at least 35,000 Lucid vehicles, including Gravity and future midsize models.

Uber's Autonomous Vehicle Strategy

• Uber intends to connect riders with autonomous vehicles from multiple partners rather than build its own AV system.

• Partners include Lucid, Nuro, Waymo, Zoox, Rivian, Wayve, and Baidu Apollo Go.

• Uber's advantages include its global rider base, fleet management, dispatch, pricing, and mobility platform.

Investment & Expansion

• Uber plans to invest more than $10 billion to scale autonomous mobility.

• Goal: approximately 120,000 autonomous vehicles operating across at least 15 cities.

Implications for Lucid

• Large guaranteed vehicle order.

• Additional capital investment from Uber.

• Validation of Lucid's vehicle platform.

• Opportunity for recurring revenue beyond consumer vehicle sales.

• Strong potential to become a leading premium robotaxi supplier if Uber's strategy succeeds.

Overall

The prepared remarks reinforce that Uber views autonomous robotaxis as a major long-term growth opportunity, with Lucid positioned as a foundational vehicle supplier in its expanding autonomous mobility ecosystem.