Lyft says that it will leverage its recent acquisition of taxi company Freenow to speed up deployment of autonomous vehicles, given that platform's established foothold in the UK and Germany. The partnership between Lyft and Baidu,

U.S. ride-hailing company Lyft said on Monday it will partner with China's Baidu to deploy robotaxis across Europe starting next year, marking the Chinese search engine giant's first foray into the European self-driven taxi sector.

Lyft stock extends gains on a robotaxi partnership with Baidu. Wall Street has a “hold” rating on LYFT shares ahead of the ride-hailing firm's earnings on August 6.