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Story summary
- Rivian Automotive, Inc. and Uber Technologies, Inc. will develop 50,000 autonomous R2 robotaxis.
- Uber will invest $300 million upfront.
- The deal could reach $1.25 billion if autonomy milestones are met.
- RJ Scaringe, Rivian's Chief Executive Officer, emphasizes the importance of automated driving technology.
- Rivian faces challenges in establishing production and testing its self-driving system.
