Lucid's share price is on the move. Here's what its partnership with Uber and Nuro means for the future of transportation.

Uber Technologies Inc. is teaming up with electric vehicle maker Lucid Group Inc. and self-driving tech startup Nuro to launch a robotaxi fleet.

The partnership will combine Uber's ride-sharing platform with Lucid's new electric SUV, the Gravity, and Nuro's autonomous driving technology. It'll be launching first in an unnamed "major US city," but is expected to roll out globally to more than 20,000 Lucid vehicles over the next six years.