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CAKE has just unveiled its latest heavy duty electric two-wheeler at CES 2023. But unlike the company’s electric motorcycles and scooters that came before it, the CAKE Åik is an electric bicycle complete with pedals. But don’t think that this e-bike isn’t ready for some hard work.

This isn’t your typical electric bike. It’s part of CAKE’s “:Work” line of heavy-hauling utility vehicles on two wheels.

The CAKE Åik is similar in concept to the CAKE Ösa electric motorcycle that has been described as a “workbench on wheels” thanks to its highly modular work platform. And just like the Ösa, it’s another model that I’ll have to hunt around my keyboard to be able to type each time.

The Åik may be a street-legal electric bicycle, but it’s like no e-bike we’ve covered before. That’s because it’s actually built for heavy duty utility and work jobs.

The aluminum frame is designed to be ultra modular to fit a wide range of utility accessories. The bike comes with an impressive gross vehicle weight rating of 441 lbs (200 kg). Subtracting out the 78 lb (35.5 kg) weight of the bike and a single battery, that still leaves 363 lbs (165 kg) of cargo capacity.

You might want to use some of that extra capacity to mount a couple spare 12 pound (5.5 kg) batteries. A single battery offers a range of up to 74.5 miles (220 km), but the Åik can actually support three batteries (sold separately) that boost the range up to 223 miles (359 km) on pedal assist. The 750 Wh batteries use 21700-size cells and also function as powerbanks that can be used to power devices and tools.

CAKE Åik AIK electric bike

Throttling around instead of helping pedal will certainly net you less range than that lofty 223 mile figure, but with 2.25 kWh of battery you’re still looking at all day operation.

If you do choose to ride by throttle assist, you’ll be able to hit a maximum speed of 20 mph (32 km/h) without your feet doing any work. The top speed without electric assist? That’s listed as “as fast as you can pedal.”

The drivetrain uses a 1,000W peak mid-drive motor with a nominal rating of 500W and a 100 Nm torque rating. It is paired with a chain drive but is belt drive compatible. All the press photos show a belt drive, and that seems to be the nicer choice.

Both the belt and chain drives dump the motor’s power into an Enviolo Extreme CVP hub that functions as a continuously variable transmission (CVT). It includes automatic shifting, meaning riders can enjoy the smoothness and low-maintenance of a belt drive while still getting effortless shifting. It also means that the bike can shift at a standstill, which is useful for cargo e-bikes that carry heavy loads.

The CAKE Åik rolls on 20″ x 3.0″ tires and features Tektro Auriga four-piston hydraulic disc brakes on large 203 x 2.3 mm rotors. There’s no suspension to be seen, so those 3-inch tires are going to be doing the brunt of the shock absorption.

The frame is a single size step-thru model that is recommended for rider heights from 150-195 cm (4’11” to 6’5″), so basically everyone.

The bike features a USB-C charging port to power your personal electronics and includes surround LED lighting.

For connectivity, the CAKE Åik features a telematics unit with GPS, Bluetooth, and GSM connections that is compatible with the Cake App, Cake Fleet Management App, and external API integration. To keep the bike yours, anti-theft features include a GPS-activated alarm and tracking, as well as security screws for both wheels and an anti-theft seat clamp so no one walks off with your saddle.

If you’re thinking, “Well this looks great, but surely it’s expensive,” then you don’t even know the half of it. The CAKE Åik starts at a healthy US $6,470 with a single battery and without the extra “:Work” series accessories. Extra batteries cost US $780 each, plus another couple hundred bucks for the docks and wiring to run them in parallel (though you could also just swap them in one at a time).

If that seems pricey, well, it is. But it’s also probably not meant for you. CAKE is largely targeting commercial customers with its “:Work” line, as the company’s CEO Stefan Ytterborn explained:

With Åik joining the :work series lineup, we’re now offering a complete assortment of electric two-wheeled solutions for any business in need of a transportation solution. Our range is optimized for artisanal needs, from the fastest deliveries in town through to surveillance work in the backcountry.

CAKE Åik AIK electric bike

Electrek’s Take

It’s great to see CAKE expanding its product line so widely, from full motorcycles to mopeds to kids e-bikes and now adult utility e-bikes. But hot damn is that an expensive bike!

Sure, you’ve got that European design and manufacturing. But where is the rest of that cost coming from? They saved a few bucks with the lack of suspension, though I can see the argument that a rigid frame will be much more durable over the years.

Price tag aside, it really does look like a great bike. For a business that uses a vehicle for eight hours a day, five days a week and 52 weeks a year, a high quality e-bike is necessary to withstand that kind of punishment. It’s like the difference between the truck your neighbor bought to do grocery shopping and the truck a towing company buys.

Without seeing the Åik in person yet or testing it myself, I can’t say for sure that it’s built to that level. But that certainly seems like the target CAKE is aiming for here. Here’s to hoping they put one under me so I can give it a test. Perhaps I need to sign myself up for DoorDash soon…

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U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears

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U.S. crude oil falls below  a barrel to lowest since 2021 on tariff-fueled recession fears

A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025. 

Pavel Mikheyev | Reuters

U.S. oil prices dropped below $60 a barrel on Sunday on fears President Donald Trump’s global tariffs would push the U.S., and maybe the world, into a recession.

Futures tied to U.S. West Texas intermediate crude fell more than 3% to $59.74 on Sunday night. The move comes after back-to-back 6% declines last week. WTI is now at the lowest since April 2021.

Worries are mounting that tariffs could lead to higher prices for businesses, which could lead to a slowdown in economic activity that would ultimately hurt demand for oil.

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Oil futures, 5 years

The tariffs, which are set to take effect this week, “would likely push the U.S. and possibly global economy into recession this year,” according to JPMorgan. The firm on Thursday raised its odds of a recession this year to 60% following the tariff rollout, up from 40%.

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What EV sales slump? Illinois’ EV sales outpace the nation by 4:1

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What EV sales slump? Illinois' EV sales outpace the nation by 4:1

Fueled by incentives from the Illinois EPA and the state’s largest utility company, new EV registrations nearly quadrupled the 12% first-quarter increase in EV registrations nationally – and there are no signs the state is slowing down.

Despite the dramatic slowdown of Tesla’s US deliveries, sales of electric vehicles overall have perked up in recent months, with Illinois’ EV adoption rate well above the Q1 uptick nationally. Crain’s Chicago Business reports that the number of new EVs registered across the state totaled 9,821 January through March, compared with “just” 6,535 EVs registered in the state during the same period in 2024.

Those numbers represent more than 50% growth in EV registrations – far beyond the expected 12% first-quarter increase nationally being projected by Cox Automotive. (!)

What’s going on in Illinois?

File:Illinois Governor J. B. Pritzker (33167937268).jpg
Illinois Governor JB Pritzker at the Chicago Auto Show; by Ray Cunningham.

While President Trump and Elmo were running for re-election, they campaigned on the threat promise of canceling the $7,500 federal tax credit for EVs. Along with California Governor Gavin Newsom, Illinois’ Governor JB Pritzker made countermoves – launching a $4,000 rebate for new electric cars and up to $1,500 for the purchase of a new electric motorcycle.

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At the same time, the state’s largest utility, ComEd, launched a $90 million EV incentive program featuring a new Point of Purchase initiative to deliver instant discounts to qualifying business and public sector customers who make the switch to electric vehicles. That program has driven a surge in Class 3-6 medium duty commercial EVs, which are eligible fro $20-30,000 in utility rebates on top of federal tax credits and other incentives (Class 1-2 EVs are eligible for up to $7,500).

We covered the launch of those incentives when the program was announced at Chicago Drives Electric last year, but the message here is simple: incentives work.

SOURCES: Chicago Business, Ray Cunningham; featured image by the author.

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XCMG launches XE215EV battery swap electric excavator ahead of bauma

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XCMG launches XE215EV battery swap electric excavator ahead of bauma

The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.

Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.

XCMG is delivering on part of that reduced downtime promise with the lower maintenance and easier repair needs of electric equipment, and delivering on the rest of it with lickety-quick DC fast charging that can recharge the machine’s massive battery in 1.5-2 hours … but that’s not the slick bit. The XCMG XE125EV can be powered up without leaving the job site thanks to its BYD battery swap technology.

We first covered XCMG and its battery swap technology back in January, and covered similar battery-swap tech being developed by MOOG Construction offshoot ZQUIP, as well – but while XCMG’s battery tech has been in production for several years, it’s still not widely known about in the West (even within the industry).

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XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?

Easy in, easy out

XCMG battery swap crane; via Etrucks New Zealand.

The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.

You can check out all the XE215EV’s specs at this tear sheet, and get an in-person look at the Chinese company’s latest electric excavator this week in Munich, Germany.

SOURCE | IMAGES: XCMG.

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