This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEI8B0X3_L.jpg
Speaking at a Goldman Sachs (NYSE:GS) conference, Vogt also said Cruise aims to hit $1 billion in revenue by 2025.
In June, Cruise started charging for self-driving car rides in San Francisco, using a small number of Chevrolet Bolt electric vehicles.
Vogt said its operations in Austin and Phoenix will initially be on a small-scale and “revenue-generating,” with a plan to scale up operations next year.
Cruise has obtained all the permits necessary for using the driverless cars for ride-hailing and delivery services in Phoenix, he said.
