Lucid's share price is on the move. Here's what its partnership with Uber and Nuro means for the future of transportation.

Uber has announced a multi-million dollar partnership with U.S. electric vehicle maker Lucid and robotics company Nuro. The three companies plan to deploy at least 20,000 robotaxis "in dozens of markets around the world" over the next six years, starting in a major U.S. city in 2026.

Uber aims to acquire and deploy 20,000 or above Nuro Driver-equipped Lucid vehicles over a six-year period starting 2026.