TLDRLucid stock jumps as Bolt plans 25,000 autonomous EVs across major European cities.Bolt’s robotaxi network will use Lucid’s midsize platform and Level 4 technology.The deal expands Lucid’s robotaxi strategy beyond the United States into Europe.Lucid expects initial Bolt robotaxis could enter service from 2028 if finalized.Lucid pairs new fleet deals with cost cuts, restructuring, and production growth.Lucid Group (LCID) stock jumped 4.08% to $4.2050 after Bolt unveiled plans for a large European robotaxi fleet. The agreement targets at least 25,000 autonomous electric vehicles across major European cities. The deal expands Lucid’s robotaxi strategy beyond the United States and adds another potential production channel.Lucid Group, Inc., LCIDLucid Stock Rises on Bolt Robotaxi PlanUnder the agreement, Bolt will build its network around Lucid’s upcoming midsize vehicle platform. Nvidia Hyperion architecture will support Level 4 autonomous driving in defined operating areas. Bolt will manage fleet operations, charging infrastructure, safety requirements, and local city partnerships.Bolt operates in more than 50 countries and serves over 850 cities globally. The company also counts more than 200 million customers across its mobility services. That reach could give Lucid a broad route into European autonomous transport markets.The partnership supports Bolt’s goal of placing 100,000 robotaxis on its platform by 2035. However, the companies have not disclosed financial terms or a firm vehicle ordering schedule. Lucid expects the first vehicles could enter service from 2028 if the agreement advances.Bolt Deal Expands Lucid’s Robotaxi StrategyThe Bolt plan follows another major robotaxi agreement that Lucid secured with Uber. Uber agreed to buy at least 35,000 Lucid vehicles for its autonomous transport network. That arrangement also included a $300 million equity investment in Lucid.Robotaxi agreements now form a larger part of Lucid’s effort to widen revenue sources. The company continues to absorb heavy losses from its consumer vehicle business. New fleet contracts could support higher factory utilization and improve production scale over time.Lucid also plans to use the Bolt agreement to support output at its Saudi Arabian facility. The company wants stronger production volumes as it works toward profitability. Management has paired that goal with a wider restructuring program across the business.Lucid Turnaround Adds Cost Cuts and Product DelaysLucid has also launched a $1.4 billion cost-cutting program under chief executive Silvio Napoli. The company delayed its planned $50,000 vehicle as part of the broader turnaround effort. Napoli took over leadership in June and has focused on costs, production, and new commercial partnerships.The company faced renewed pressure in July after a report discussed possible strategic alternatives. Lucid denied claims that it was preparing for bankruptcy, but it confirmed outside advisers were supporting its review. Since then, management has emphasized cost control, operational discipline, and long-term production growth.Europe remains a difficult market for fully driverless taxi deployment compared with the United States and China. Regulation and infrastructure limits have kept most European projects in testing or early commercial stages. Bolt’s proposed fleet would represent one of the region’s largest autonomous vehicle commitments if deployment reaches the stated target. The post Lucid Group, Inc. (LCID) Stock: Jumps as Bolt Targets 25,000 Autonomous EVs appeared first on Blockonomi.