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Home/News Feed/Rivian inks $1.25B Uber robotaxi deal; Tesla plans $4.3B battery plant; United cuts flights due to fuel costs.
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Rivian inks $1.25B Uber robotaxi deal; Tesla plans $4.3B battery plant; United cuts flights due to fuel costs.

Market News
22 Mar 2026
Benzinga
View Source
Bullish
pluang ai news

Rivian Automotive secured a $1.25 billion deal with Uber to supply up to 50,000 R2-based robotaxis, contingent on meeting performance milestones. Tesla announced plans to build a $4.3 billion battery plant in Michigan in partnership with LG Energy, supported by the U.S. government to boost jobs and energy supply chains. Meanwhile, United Airlines will reduce its flight capacity by 5% in Q2 and Q3 due to rising fuel costs, focusing cuts on weaker routes and Chicago O’Hare operations. These developments highlight shifts in transportation technology and cost management amid rising energy prices and geopolitical tensions.

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The Software Defined Vehicle (SDV) market is projected to expand from USD 447.55 billion in 2026 to USD 1,707.36 billion by 2035, growing at a compound annual growth rate (CAGR) of 16.0%. This growth is driven by the automotive industry's shift towar...

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