Uber introduced in the present day that it’ll make investments $100 million to construct fast-charging stations throughout america designed for self-driving vehicles.
Infrastructure improvement will start within the San Francisco Bay Space, Los Angeles, and Dallas to assist the corporate's enlargement of its robotaxi enterprise. The corporate has set a aim of deploying self-driving taxi companies in additional than 10 cities by the top of 2026.
The funding comes because the ride-hailing large faces growing strain from rivals creating driverless autos. The corporate maintains partnerships with self-driving automobile operators together with Waymo in Atlanta and Austin and WeRide in Abu Dhabi and Dubai.
Past the charging hub initiative, the corporate has secured a dedication with EVgo so as to add roughly 1,000 new electrical automobile chargers in main metropolitan areas together with New York, London and Paris.
Shares rose almost 3% by noon Wednesday on the announcement, however are nonetheless down greater than 10% over the previous month.
