Lyft and Aptiv keep Vegas self-driving taxi service post-CES
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Lyft and Aptiv keep Vegas self-driving taxi service post-CES

Self-driving software company Aptiv and ride-hailing startup Lyft made headlines during the CES (Consumer Electronics Show) in Las Vegas earlier this month when they debuted a self-driving taxi service. Now, it looks like what started as a novel way to showcase the companies’ abilities is sticking around. Aptiv’s chief technology officer, Glen De Vos told listeners at the North American International Auto Show in mid-January that the pilot project has been extended. He added that Aptiv is in talks with Lyft to bring the project to a second location too.

Aptiv’s share price has jumped in January, bringing its one-year performance to +62%

graph 0202 Aptiv

SOURCE: Yahoo Finance

During CES, Lyft and Aptiv’s fleet of self-driving BMW’s made 400 “point-to-point rides to the general public” over 5 days, to 20 predetermined locations, including Caesar’s Palace and other casino-hotels in the city.

Lyft already has a self-driving program in Boston with self-driving vehicle startup NuTonomy, and it’s not clear at the moment how – or if – Aptiv and Lyft’s collaboration will differ. However, since Delphi Automotive bought NuTonomy last year, and Aptiv spun off from Delphi, Aptiv actually owns NuTonomy. So in a sense, Lyft’s new collaboration can be seen as a deepening of an already existent relationship.

More details on the future of the two companies’ collaboration will no doubt be forthcoming this month.

Disclosure

Dominion holds Aptiv in its Global Trends Managed Fund. 


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