UBER Announces Expanded AV Partnerships in US and Europe

Research evidence excerpt

UBER Announces Expanded AV Partnerships in US and Europe

Internet: E-Commerce

Uber Technologies

TD SECURITIES (USA) LLC COMPANY UPDATE

June 18, 2026

Price: $70.91 (06/17/2026) UBER Announces Expanded AV Partnerships

Price Target: $118.00 in US and Europe

BUY (1)

ESG SCORE: 56/100

John Blackledge THE TD COWEN INSIGHT

646 562 1359

On June 17th Uber announced it was expanding partnerships with Nuro, Lucid and WeRide.

john.blackledge@tdsecurities.com

The Nuro/Lucid partnership in Houston will be their second robotaxi market with service

William Kerr expected to begin in mid 2027. Meanwhile, WeRide vehicles are expected to join the Uber

646 562 1349 platform in Zurich later this year. These moves are part of Uber's $10BN investment in

bill.kerr@tdsecurities.com

robotaxis announced earlier this year.

James Kopelman

646 562 1320 Uber, Lucid, and Nuro announced earlier today that they are planning to launch their

james.kopelman@tdsecurities.com second robotaxi market in Houston beginning in mid 2027 with the robotaxi being exclusively

Logan Whalley, CFA available on the Uber network. Nuro has reportedly been conducting on-road AV testing in

646 562 1392 Houston, and has nearly 100 vehicles doing live testing 24/7 across California and Texas in

logan.whalley@tdsecurities.com preparation for the launch of the service next year. Lucid is expected to expand this AV fleet

in the coming weeks thanks to their robotaxi factory in Arizona. To support the launch of this

Key Data

program, Uber also announced that in Houston it has secured a 50K soft facility to conduct

Symbol NYSE: UBER

the charging, maintenance, and service of these robotaxis.

Beta: 1.12

52-Week Range: $100.10-$68.61 This announcement is part of the broader partnership between Uber, Lucid, and Nuro and