Recent Posts
News•Mar 1, 2026
Budget-Focused Electric Bike Maker Set to Go Public with IPO
Electric bike maker Tenways has filed for a main‑board listing on the Hong Kong Stock Exchange, backed by investors such as Hillhouse Ventures, Tencent and Alibaba. The company’s revenue rose from €48 million in 2023 to €61 million in 2024, with gross margins above 30% and a first‑half 2025 profit of €1.24 million. Its CGO800S commuter model sold over 50,000 units and earned a German Design Award, helping Tenways secure a presence in 1,400 retail stores across 29 European countries. The IPO aims to fund further expansion into cargo and hybrid urban‑mobility segments.
By Electrek
News•Mar 1, 2026
I Tested the Weird, Tiny, Low-Cost Electric Car Soon Coming to the US
Fiat is set to launch the Topolino, a $12‑13k electric quadricycle, in the United States later this year. Based on the Citroën Ami, the two‑seat vehicle offers a 5.5 kWh battery, about 45 km range, and a top speed of 28 mph, positioning...
By Electrek
News•Mar 1, 2026
Major Brand Recalls 20,000 E-Bikes Due to Separating Rear Wheel
Trek Bicycle Corporation and its sister brand Electra are recalling nearly 20,000 e‑bikes sold in the United States due to a rear‑wheel bolt defect that can cause the wheel to separate. The recall targets specific 2026 model‑year FX+ 1, FX+ 1S, Townie Go! Step Thru...
By Electrek
News•Feb 28, 2026
Real-World Test: Electric Semi Trucks Can Save Fleets Nearly $160,000 per Truck
A year‑long trial in Montreal examined 200,000 km of diesel Freightliner Cascadia and its battery‑electric counterpart, the eCascadia, across two Canadian fleets. The analysis found that electric Class 8 trucks can generate roughly $157,000 in savings per unit over a six‑year...
By Electrek
News•Feb 28, 2026
Xiaomi Unveils Vision GT Electric Supercar Concept, with a Twist
Xiaomi unveiled the Vision Gran Turismo electric supercar concept at Mobile World Congress 2026 in Barcelona, becoming the first Chinese automaker to join the iconic Gran Turismo program. The low‑slung vehicle rides on Xiaomi’s 900 V silicon‑carbide platform and is touted...
By Electrek
News•Feb 28, 2026
How a Young Bike Racer Helped Shape America’s Best-Selling Low-Cost E-Bike
Lectric eBikes’ best‑selling budget XP line owes its success to former mountain‑bike racer Luis Cerna, now product manager. Cerna leverages racing‑derived insights on handling, acceleration, and braking to refine the folding commuter e‑bike despite its low price under $1,000. The...
By Electrek
News•Feb 27, 2026
Podcast: Cybercab Dead on Arrival, Donut Lab’s Miracle Battery, Waymo Expands, and More
The latest Electrek Podcast recaps a turbulent week for Tesla, highlighting the departure of the Cybercab program manager and Elon Musk’s threat to halt the Giga Berlin expansion over a union vote. It also spotlights Donut Lab’s solid‑state battery that...
By Electrek
News•Feb 26, 2026
Toyota Is Testing a New SUV Based on the Electric Hilux BEV
Toyota has been spotted testing a camouflaged SUV in Thailand that shares its underpinnings with the newly unveiled ninth‑generation Hilux BEV pickup. The electric Hilux, slated for a European launch in April, features a 59.2 kWh battery delivering up to 257 km...
By Electrek
News•Feb 26, 2026
Genesis Is Launching Its First Ultra-Luxury Minivan, but Most Buyers Won’t See It
Genesis is set to launch its first ultra‑luxury minivan exclusively for the Chinese market, with production slated for 2029 through local partners. The model is expected to be an extended‑range electric vehicle and will be built in China to avoid...
By Electrek
News•Feb 26, 2026
Tesla Cybercab Program Manager Exits Ahead of Launch
Victor Nechita, the vehicle program manager who shepherded Tesla's purpose‑built Cybercab from concept to the first production unit at Giga Texas, has left the company. His departure follows a wave of senior program‑manager exits that have hit the Model 3, Model Y,...
By Electrek
News•Feb 26, 2026
Elon Musk Threatens to Halt Tesla Giga Berlin Expansion over Union Vote
Elon Musk delivered a pre‑recorded video to Tesla’s 10,700 Giga Berlin workers, warning that the plant’s planned expansion will be halted if the IG Metall‑aligned works council gains influence. The threat follows a series of legal battles, an anti‑union concert, and...
By Electrek
News•Feb 25, 2026
BYD Cuts EV Prices (Again) with New 0% Interest Offer and Daily Payments for Less than $5
BYD announced a New Year promotion that slashes EV prices and adds 0% financing for three years, with daily payments as low as 29 yuan (about $4.20). The move comes after five consecutive months of declining sales, with global NEV...
By Electrek
News•Feb 24, 2026
Tesla Launches Legal War over ‘Cybercab’ Name Against Seltzer Company
Tesla has filed a 167‑page, five‑count opposition at the USPTO’s Trademark Trial and Appeal Board to block French beverage wholesaler UNIBEV’s “Cybercab” trademark. The filing alleges fraud, bad‑faith intent, likelihood of confusion, dilution, and false association with Tesla’s existing CYBER‑...
By Electrek
Deals•Feb 22, 2026
Itochu Corp to Increase Stake in Hitachi Construction Machinery to 33.4%
Japan’s Itochu Corp announced it will raise its ownership in Hitachi Construction Machinery NV from 20.4% to 33.4%, aiming to accelerate the equipment maker’s expansion in key markets such as North America. The transaction, pending regulatory clearance by April 2026,...
Electrek
Deals•Feb 12, 2026
BYD and Geely Submit Bid to Acquire Nissan-Mercedes Mexico Plant
Chinese automakers BYD and Geely have placed a joint bid to acquire the 230,000‑unit Nissan‑Mercedes plant in Mexico, aiming to boost their North American manufacturing footprint. The plant, currently owned by a Nissan‑Mercedes joint venture, produces up to 230,000 vehicles...
Electrek