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Uber and May Mobility Announce Strategic Partnership to Scale Autonomous Vehicles

1. Uber partners with May Mobility to deploy thousands of AVs by 2025. 2. This strategic partnership aims to expand AV use in ride-hailing services.

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Why Bullish?

The partnership signifies Uber's commitment to innovation, potentially increasing market share. Historical cases like Waymo partnerships boosted stocks in AV technology, which can also positively affect UBER.

How important is it?

The integration of AVs may significantly transform Uber's operational efficiency and market presence. This strategic move nudges Uber towards a leading position in the evolving AV market, enhancing investor confidence.

Why Long Term?

The successful deployment of AVs is anticipated to enhance Uber's service model. Similar transitions in industry history have shown long-term stock price growth corresponding to technological advancements.

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SAN FRANCISCO & ANN ARBOR, Mich.--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) and May Mobility, Inc., a leading autonomous vehicle (AV) technology company, today announced a new multi-year strategic partnership. May Mobility aims to deploy thousands of AVs on the Uber platform over the next few years, with an initial launch planned for Arlington, Texas, by the end of 2025. The partnership highlights both companies' shared ambition to quickly scale AV use in ride-hail, broadening acces.

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