From $Uber Tech(UBER.US) conf call (now +2% pre-mkt).
CEO Dara Khosrowshahi: “We view the introduction of AVs as an overall growth driver in the markets in which we operate. AVs in the marketplace are turning out to be net positives in growing the overall economic pie. This is not the kind of technology that is going to replace. It’s going to augment.“We are seeing AVs on our platform at significantly higher utilizations than one piece standalone platforms based on the publicly available data. And the trips per vehicle are 30% higher. ETAs are better as well. “And then if you look at the partnerships that we are setting up, whether it's a partnership with Waymo or Nvidia or newest partner wabi or AV ride or Neuro and Lucid, which kind of have a production ready car out there, we expect to be in 15 cities by the end of this year and then expanding beyond that as well, which should actually increase kind of the wave of kind of the AV business that we're seeing behind us. So from a top line basis, we see AV as a net positive for the ecosystem in terms of margins. I think Avs are going to be very similar to other products out there, which is any time we introduce a newer product, we introduce it at a lower margin than, let's say, Uber or Uber Black or Uber Reserve as we're building out liquidity and then over a period of time, margins improve. And for example, in the deals that we're striking today, with various partners, with AV partners at scale, we are going to have healthy economics based on current consumer affairs and healthy economics being positive economics.”The copyright of this article belongs to the original author/organization.
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