Uber Stock is a trend on Tuesday: what's going on? – Uber Technologies (Nyse: Uber)

Uber Technologies Inc. Above The shares are somewhat higher on Tuesday after a number of partnership announcements that signal a deeper increase in the use and provision of autonomous vehicle and an expansion of the delivery of retail.

What to know: The company gave a new agreement with Pony.ai Inc. PONY To integrate autonomous robotaxis into the Uber platform. The service begins later this year in an unnamed market in the Middle East with the plan to gradually expand to additional international locations.

In the beginning, trips in these autonomous vehicles will include a human security operator on board. The vehicles are powered by pony.ai's latest autonomous system of seventh generation, which enables scalable and inexpensive production.

The partnership is intended to help Uber integrate driverless technology faster and more generally into its platform. Both companies emphasized that this pilot phase is a step towards possible full autonomy, although no schedule was provided for this transition.

Regardless of this, Uber announced that it affects a partnership with the discount dealer Family If you bring more than 5,000 shops to the Uber Eats app in the USA, customers can order common household items for delivery, including cleaning agents, body care products and basics for food. According to the company, the deal extends its foot prince for the delivery of retail and makes cost -effective essentials more accessible, especially for customers in areas with fewer options. The timing agrees with the broader economic pressure, which conveniently prioritize consumers and cost savings.

In a different development in connection with autonomous mobility, Uber and Weride have expanded their existing partnership. Over the next five years, the two companies will use autonomous driving services for 15 new cities worldwide. Uber will provide the platform and manage fleet operation while Weride delivers the autonomous vehicles. This announcement will follow her first start in Abu Dhabi, which will soon be expanding to Dubai. The cities tailored to this expansion are located outside the USA and China.

Uber price campaign: According to Benzinga Pro, the Uber shares dropped by $ 85.80 at the release on Tuesday.

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