EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies 
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation 
Trump Criticizes EU’s €120 Million Fine on Elon Musk’s X Platform 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
CVS Health Signals Strong 2026 Profit Outlook Amid Turnaround Progress 
Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns 
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
SK Hynix Shares Surge on Hopes for Upcoming ADR Issuance 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Samsung SDI Secures Major LFP Battery Supply Deal in the U.S. 
Uber and BYD have announced a major partnership to deploy 10,000 electric vehicles, starting in key markets like Latin America and Europe, aiming to revolutionize the ride-sharing industry.
Partnership Details and Initial Markets
In an effort to hasten the worldwide shift to electric vehicles, Uber and BYD have declared their intention to form a huge cooperation.
The two businesses have announced a multi-year strategic alliance that would see 100,000 BYD EVs added to the Uber ride-sharing network in various important worldwide markets, beginning with Latin America and Europe.
Global Expansion Plans
Per Teslarati, the cooperation will eventually extend to other regions, including the Middle East, Canada, Australia, and New Zealand, according to Uber's news statement.
When it comes to electric vehicles, BYD has gone toe-to-toe with Tesla, while Uber has risen to the top of the ride-sharing industry worldwide.
Impact on Drivers and Riders
In what ways does this massive collaboration stand to gain? Combined efforts between Uber and BYD will reduce the "total cost of EV ownership for Uber drivers, accelerating the uptake of EVs on the Uber platform globally, and introducing millions of riders to greener rides," according to the businesses.
Regarding the collaboration, Uber CEO Dara Khosrowshahi stated:
“As the largest global agreement of its kind, we’re thrilled about the benefits this partnership will deliver for drivers, riders, and cities. When an Uber driver makes the switch to an EV, they can deliver up to four times the emissions benefits compared to a regular motorist, simply because they are on the road more. Many riders also tell us their first experience with an EV is on an Uber trip, and we’re excited to help demonstrate the benefits of EVs to more people around the world.”
Similar actions have been taken by Uber before. To encourage more people to buy electric vehicles, it announced in January that it was collaborating with Tesla to lower the barriers to entry for its drivers. It made "We know from listening to Uber drivers that the cost of ownership and access to convenient charging are the top two barriers preventing them from going electric, and we are … (working with) Tesla to tackle both of these issues," Andrew Macdonald, senior vice president of mobility and business operations at Uber, stated.
The Uber-Ford partnership is similar.
Hertz and Tesla collaborated to increase the number of electric vehicles available for rental, however the partnership was a bust, and Tesla had to sell off its units to recoup its investment losses. a $2,000 bonus to encourage some of its ride-share drivers to switch to electric cars from Tesla.
