Lucid shares soared Thursday after announcing a robotaxi partnership with rideshare giant Uber and self-driving software maker Nuro.

Uber has announced a multi-million dollar partnership with U.S. electric vehicle maker Lucid and robotics company Nuro. The three companies plan to deploy at least 20,000 robotaxis "in dozens of markets around the world" over the next six years, starting in a major U.S. city in 2026.

Uber is investing hundreds of millions of dollars into Lucid and autonomous vehicle technology startup Nuro in a bid to launch its own robotaxi service.