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00:02Uber plans to spend more than $100 million to build fast-charging autonomous vehicle
00:07stations in the U.S. as it seeks to strengthen its position in the robotaxi industry,
00:12according to Bloomberg. The ride-share company said it will begin building high-capacity
00:16charging hubs in the San Francisco Bay Area, Los Angeles, and Dallas, where it also plans
00:22to launch public robotaxi services with technology partners to compete with Waymo.
00:26A spokesperson said the investment will cover site development, equipment, grid connections,
00:31and related capital expenditures for the charging infrastructure.
00:35The company aims to launch public robotaxi services with partners to compete with Waymo
00:39and expects to offer autonomous vehicles on its app in at least 10 cities by the end of
00:442026. Uber has invested in Lucid, Nero, and Wave and committed to purchasing robotaxi fleets.
00:51Shares have fallen 14% this year as analysts question its autonomous strategy.
00:56For all things money, visit Benzinga.com.
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