Lucid, Bolt team up to deploy 25,000 robotaxis across Europe
- On Thursday, Lucid Group and European shared mobility platform Bolt announced a strategic partnership to deploy at least 25,000 autonomous vehicles across Europe.
- Bolt Autonomous Driving Solutions will define vehicle requirements and fleet infrastructure, while Lucid Technologies manages advanced driver assistance systems and digital features.
- Vehicles will be built on Lucid's Midsize platform and designed for SAE Level 4 automation, utilizing NVIDIA Hyperion architecture for autonomous operation without driver intervention.
- This marks Lucid's second major autonomous fleet agreement, following a US partnership with Uber to deploy at least 35,000 vehicles, totaling 45,000 commitments across two continents.
- While Bolt targets 100,000 autonomous vehicles by 2035, the Midsize platform remains under development following an August 4 delay, and neither company provided a deployment date.
23 Articles
23 Articles
Lucid Surges 10% on 25,000-Vehicle Bolt Robotaxi Deal for Europe; Rivian Rises 5%
Lucid Group (NASDAQ:LCID) stock is jumping in Thursday morning trading after the electric vehicle (EV) maker unveiled a European autonomous mobility partnership with Bolt, a privately held ride-hailing company. Shares are up 10% to $4.44, a rare pop for a stock that entered the session down 58% year to date. The rally is lifting the […]
Watch Lucid Done Working With AlixPartners, CEO Says
Lucid Group Chief Executive Officer Silvio Napoli says the car maker has stopped working with restructuring adviser AlixPartners. He also talks about working with Bolt to deploy at least 25,000 fully autonomous Lucid vehicles across Europe. Napoli speaks on "Bloomberg Open Interest."
Manufacturers and service providers plan to build a network for self-driving taxis. The market is competitive: other manufacturers also want to establish themselves.
Lucid and Bolt to deploy 25,000 autonomous EVs across Europe
Lucid and Bolt announced a partnership today to build and deploy autonomous vehicles across Europe, with the ride-hailing platform aiming to put at least 25,000 self-driving Lucid EVs on its network. It’s the second big autonomous-fleet deal Lucid has signed in just over a year. And it rides on a vehicle platform the company delayed six weeks ago. more…
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