You might have missed it, but automatic e-bikes are here, and they are amazing. Although the days of selecting your gears on bicycles may never leave us, we are now at the point where shifting is optional. Today we have two otherwise identical bikes with only one major difference: automatic vs. mechanical gears. How do they fare side by side?
Evelo has been making electric bikes specialized for the North American market for 10 years and, during that time, has implemented a variety of drive and motor systems across their lineup. Many other electric bikes are rebranded bikes from the Chinese or European market, and that suits a great deal of needs too. But Evelo is one of few companies that has a history of crafting electric bikes for the needs of North American riders.
After all this time, Evelo is also ahead of the pack with extra support services, such as a four-year warranty, optional assembly, open box sales, and fast shipping. It’s nice to see the bike company growing with the industry, as that’s unfortunately uncommon.
Evelo isn’t the first electric bike company to make use of an automatic transmission, but they are likely the first to do so with a 500w motor and full throttle availability. Many other higher-end bicycles are specced in Europe, where motor wattage and throttle laws are quite limiting. As much as I love a well-built, efficient e-bike from Germany, for a comfort commuter, I’d prefer more electric power.
Galaxy Bike Similarities
The Galaxy SL and Galaxy Lux both land squarely in the middle of comfort and commuting. Aside from the drive system, the two bikes are identical. The frame, pedals, saddle, rack, and cockpit all work together to give a comforting, inviting stance while riding. The wheels, tires, and brakes provide great control, air volume, and stopping power, respectively. All of the angles, lines, and parts were specially selected, and it really shows in the finished product. Although the list of differences is quite short, it makes a big impact on how the bikes behave (and cost).
Galaxy SL is “Cheaper” (still really nice)
The Galaxy SL is the cheaper model, but cheaper is a relative term. Truly, the Galaxy SL is a comfortable, smooth bike in its own right. So far, many of the specs we’ve listed are held on bikes with higher caliber, and the SL model continues that with the drive. Instead of a rear derailleur hanging off the back of the bike, the SL model features an internal hub with a continuous variation. This means that instead of clicking into a set number of gears, the rider can twist the grip to change the gearing within a wide range. All the gearing occurs inside the rear hub, and it’s quite amazing. The SL model is also carrying a smaller battery: 36v 13Ah. This battery has a fair amount of range but lacks the punch of a higher-voltage bike battery.
Although Evelo does occasional sales, the MSRP for the Galaxy SL is $3,199.
Galaxy Lux is Nicer
The Galaxy Lux uses a fully automatic transmission with a belt interface and a battery pack with more power at the ready. The 48v 11.6Ah battery has the guts to power up almost any hill, even under full throttle mode. The real cost difference is in the automatic drive. The user can connect the rear hub to a phone app (yep, even bike parts have apps now) and then select the desired cadence (or RPMs), and the bike will do the rest. Whether starting, stopping, rolling down a hill, or climbing up, the transmission changes on its own to fit the preset number of pedal rotations. It works, and it’s great. Also, the Lux model replaces the chain drive with a belt drive, which improves upon the smoothness, longevity, and durability.
Likewise, under periodic sales, the Galaxy Lux has an MSRP of $4,399.
Electrek’s Take
We’ve spent enough time talking about the bikes and how they work, but who are they made for? Not me, in particular, but for my mother, I would absolutely say yes.
If you have a cycling background, then you’d be fine with the Galaxy SL. If you’re already in the habit of shifting, then you’d likely appreciate having total control of the mechanical hub. With that experience, your legs might be just fine putting some skin in the game, and the smaller battery power may be just fine for you.
I would recommend the Galaxy Lux for someone who is getting back into cycling after decades of a prolonged break from riding. For many returning riders, having automatic shifting may be a necessity, and that’s OK. The advancements in technology allow more people to bikes who otherwise wouldn’t. And this is exactly what we all hoped would happen. Finally, there is a bike that can be set for size and pedal preference, and it’s done. If you want to ride with 10-year-old legs again, never worried about gears or numbers, the Lux is the bike for you.
Get $100 off the order of an Evelo with this code: REF-4Q1DYKZ39397O5.
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An Exxon gas station is seen in the Brooklyn borough of New York City on Oct. 6, 2023.
Michael M. Santiago | Getty Images
Exxon Mobil beat third-quarter earnings expectations, as the oil major reached its highest liquids production level in more than four decades.
Here is what Exxon reported for the third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
Earnings per share: $1.92 adjusted, vs. $1.88 per share expected.
Revenues: $90 billion, vs. $93.94 billion expected
The oil major booked net income of $8.61 billion in the quarter, or $1.92 per share, down about 5% compared to $9.1 billion, or $2.25 per share, in the year-ago period. Exxon’s profits have declined as refining margins and natural gas prices have pulled back from from historically high levels in 2023.
The company returned $9.8 billion to shareholders in the quarter and increased its fourth-quarter dividend to $0.99 per share.
Exxon said it has reached its high production level in more than 40 years at 3.2 million barrels per day.
The oil major’s stock rose about 1% in pre-market trading. Exxon shares have gained 16.8% this year.
This is a developing story. Please check back for updates.
Chevron beat third-quarter earnings and revenue expectations, returning a record amount of cash to shareholders.
Shares were up 2.6% in the premarket following the report’s release.
The oil major’s quarterly profit, however, declined substantially compared to the year-ago period due to lower margins on refined product sales, lower prices and the absence of favorable tax times.
Chevron is aiming to streamline its portfolio, with asset sales in Canada, Congo and Alaska expected to close in the fourth quarter of 2024. The company is also target $2 billion to $3 billion in cost reductions from 2024 through the end of 2026.
Here is what Chevron reported for the third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
Earnings per share: $2.51 adjusted, vs. $2.43 expected
Revenue: $50.67 billion, vs. $48.99 billion expected
Chevron’s net income came in at $4.49 billion, or $2.48 per share, down 31% from $6.53 billion, or $3.48 per share, in the third quarter of 2023. When adjusted for foreign currency impacts, the company reported earnings of $2.51 per share, solidly topping Wall Street’s expectations for the quarter.
Chevron booked revenues of $50.67 billion, also beating Street expectations but declining 6% from the $54.1 billion reported in the third quarter last year.
The oil major returned a record $7.7 billion to shareholders in the quarter, including $4.7 billion in share buybacks and $2.9 billion in dividends.
Chevron produced 3.36 million oil-equivalent barrels per day in the quarter, a 7% increase over the third quarter of 2023, driven by record output in the Permian Basin.
Chevron’s stock is largely flat for the year, underperforming the S&P 500 energy sector which has gained more than 6%. Shares have struggled to gain ground as uncertainty looms over the company’s pending $53 billion acquisition of Hess.
The Federal Trade Commission has cleared the deal, though it prohibited John Hess from joining Chevron’s board.
Chevron remains locked in a dispute with Exxon Mobil, which is claiming a right of first refusal over Hess Corp.’s lucrative oil assets in Guyana. If an arbitration court rules in Exxon’s favor, Chevron’s acquisition of Hess would fail to close.
ZEEKR EV cars are displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024.
Chalinee Thirasupa | Reuters
Chinese electric carmaker Zeekr said Thursday its deliveries surged by 92% in October from a year ago, helping the company clock its best month at 25,049 vehicles.
The company has reportedlysaid that it expects to deliver 230,000 cars in 2024. With only two months left in the calendar year, that means Zeekr needs to deliver more than 31,000 cars in November and December each.
The Geely-backed automaker began deliveries of its new five-seat SUV Zeekr Mix on Oct. 23.
Xpeng also beat its personal best for a second straight month, delivering 23,917 vehicles in October. The deliveries included the company’s mass-market car, Mona M03, accounting for over 10,000 units.
Xpeng launched Mona M03 in late August with prices starting at $16,812.
Li Auto, whose cars mostly come with a fuel tank to extend the battery’s driving range, delivered 51,443 cars, slightly lower than its record month in September.
BYD and Aito had not yet released their October deliveries as of Friday afternoon.
Earlier in the week, Chinese smartphone and home appliance company Xiaomi said it delivered more than 20,000 electric vehicles in October.
The company only launched its first car — the SU7 — in late March.
Xiaomi aims to deliver 100,000 electric cars by the end of November. The company has delivered more than 75,000 cars as of October.