Einride (ENRD) announced a new partnership with Nvidia (NVDA) on Tuesday, sending its shares up roughly 7% in pre-market trading. The freight operator will build the next generation of its autonomous-driving system, Einride Driver, on Nvidia’s Drive Hyperion platform.
Nvidia’s Drive Hyperion is already used in autonomous-trucking programs involving companies such as Volvo and Aurora. Einride will leverage Nvidia’s computing, sensors, software, and safety technology for its heavy-duty trucks. Nvidia stock was up nearly 1% at the time of writing.
Einride currently operates hundreds of electric trucks across the U.S., Europe, and the Middle East. Based on existing customer demand, it expects its network to grow to between 1,500 and 2,000 vehicles by 2028, with approximately 80% of that demand potentially suitable for automation.
The company will also use Nvidia’s Blackwell infrastructure to train and test its autonomous-driving models. Additionally, Nvidia Cosmos will help create simulated driving scenarios for training and safety validation.
The partnership comes days after Einride and Lidl deployed Germany’s first cab-less Level 4 autonomous truck in daily operations on a public road. This milestone builds on Einride’s expanding list of collaborations.
In August, the company teamed up with DAF Trucks to integrate Einride Driver into DAF electric trucks. Einride also Tesla-for-the-world%E2%80%99s-largest-tesla-semi-deployment?”>plans to deploy 500 Tesla Semis on its Saga AI platform for Amazon and other customers, a move expected to triple its deployed electric-truck fleet.
Retail sentiment surrounding ENRD on Stocktwits remained in the ‘bullish’ zone over the past 24 hours, amid ‘high’ message volumes. However, one user suggested investors are likely to “gain more” if they short the stock. ENRD shares have slumped more than 63% so far this year.
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