Ride-hailing giant Uber announced Thursday it will acquire $300 million worth of shares in US electric vehicle maker Lucid Motors as part of an ambitious plan to build its own fleet of robotaxis.

Uber has announced a multi-million dollar partnership with U.S. electric vehicle maker Lucid and robotics company Nuro. The ...

The new robotaxi service is expected to launch in "a major U.S. city" later next year, the companies said. As part of the deal, Uber (UBER) would also invest in Lucid (LCID), whose main backer is ...