Stellantis (NYSE: STLA) and Uber (NYSE: UBER) announced in a joint presentation, Tuesday, that they have partnered with global mobility company Free2Move to focus on the French electric vehicles market.

During the presentation, the companies said that working alongside Free2Move would enable Uber to transform 50% of its fleet in France to electric models.

EV sales and production are a key part of the plans outlined by Stellantis Chief Executive Carlos Tavares in March to double the automaker's overall revenues to $288.8B a year by 2030.

Shares of STLA and UBER are up 2.12% and 2.27%, respectively in pre-market trading on Tuesday.

By Michael Elkins | [email protected]