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Fortune
Fortune
Christiaan Hetzner

Volkswagen unveils robotaxi destined for Uber’s Los Angeles fleet, and the first 500 will be delivered next year

Uber Los Angeles Tesla Inc. Waymo Intel Corporation Mobileye United States Volkswagen VW Group Zoox
Hamburg's Senator for Transport and Mobility Transition, speaks at the presentation of the autonomous "Volkswagen ID.Buzz AD" in Hamburg's Hafencity. (Credit: David Hammersen—picture alliance/Getty Images)
  • Volkswagen believes the autonomous ride-hailing market could grow to €450 billion in size by 2035. While other carmakers have abandoned their ambitions, it partnered with Intel subsidiary Mobileye to create a product VW hopes can compete with deep-pocketed tech companies like Waymo and Tesla. The first vehicles are slated for delivery to Uber next year.

Self-driving tech is suddenly in the news almost daily now with tech companies Waymo, Zoox, and Tesla all jockeying for the lead, but one legacy carmaker isn’t willing to relinquish the promising market to Big Tech just yet. 

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