Aurora Innovation Shares Soar After Strategic Partnership for Self-Driving Trucks
Aurora Innovation's stock surged by 38% in premarket trading following the announcement of a long-term partnership with Nvidia and Continental to deploy self-driving trucks. The company, backed by Uber, has seen its shares nearly double over the past year as the market for autonomous trucking technology is anticipated to expand significantly.
Nvidia’s CEO has expressed optimism about the potential of autonomous driving technologies in the years ahead, marking a promising outlook for the partnership. Under the terms of the agreement, Nvidia's computing platform DRIVE Thor and its DriveOS automotive operating system will be integrated into Aurora's self-driving system, known as Aurora Driver. Continental aims to mass-produce this technology by 2027, facilitating large-scale deployment of self-driving trucks.
Already collaborating with major truck manufacturers such as PACCAR and Volvo, Aurora is preparing to launch its driverless trucking service in Texas in April. Industry analysts emphasize that while the collaboration with Nvidia and Continental raises the company's profile, competition in the autonomous driving sector is fierce and will require significant investment.
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