Lucid Group ( LCID 35.81%) stock is soaring today after the company announced a major new deal in the robotaxi space. The company's share price was up 40.2% as of 1:30 p.m. ET amid the backdrop of a 0.4% gain for the S&P 500 and a 0.7% jump for the Nasdaq Composite.

Uber will roll out 20,000 self-driving Lucid Gravity SUVs from 2025 in a $300m investment deal, signalling a major push into autonomous ride-hailing in the US and beyond.

Uber and Lucid today announced a deal to put 20,000 self-driving Gravity SUVs on the road over the next six years, starting in 2026.

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Lucid, which has always offered an array of driver-assistance features, is now expanding the suite of driver aids on its models with two new hands-free features. Perhaps it’s surprising that a luxury automaker is offering the tech after mass-market brands like Ford, but better late than never, right?

Lucid is about to roll out its first hands-free features. On July 30, Lucid Air sedan owners with the DreamDrive Pro add-on will get automated drive assist and lane-change features. If you have a Gravity SUV you'll have to wait until later this year.