Uber Technologies, Inc. (NYSE:UBER) shares are trading higher after the company announced plans to help drivers switch to a fully-electric fleet by 2040. The company said it formed partnerships with General Motors (NYSE:GM) and the Renault, Nissan Mitsubishi alliance.

Uber Technologies develops and operates proprietary technology applications. It connects consumers with independent providers of ride services for ridesharing services, as well as connect consumers with restaurants and food delivery service providers for meal preparation and delivery services.

Uber's stock was trading up 4.80% at $34.83 per share on Monday at the time of publication. The stock has a 52-week high of $41.86 and a 52-week low of $13.71.