Ducati yet again gives the same old excuse for not selling an electric motorcycle
Ducati still says it can’t yet succeed to build electric motorcycles for consumers, and blames its inability to supply an electric motorcycle on the current state of battery technology.
That’s despite the company’s parent group Volkswagen AG’s recent EV progress and despite Ducati itself now being the sole supplier of electric racing motorcycles for the FIM MotoE electric motorcycle racing series.
Last week the company doubled down on pulling the brakes on electric motorcycles. Ducati North America CEO Jason Chinnock recently explained to Bloomberg that “[i]t’s going to be some years,” before Ducati has a consumer electric motorcycle because “the battery technology really isn’t there.”
The statement adds to years of Ducati complaining that battery technology continues to prevent the motorcycle maker from producing electric models for riders.
The company has even said that synthetic fuels are a more likely alternative to reduce emissions, instead of exploring EVs.
It’s an about-face from CEO Claudio Domenicali’s statement in 2019 in support of an electric Ducati, when he announced: “The future is electric, we’re not far from starting series production.”
Despite that statement leading to speculation that Ducati was making significant progress in the development of an electric motorcycle, Domenicali threw cold water on the idea two years later when he blamed batteries for Ducati’s lack of results:
Let’s say that at this moment the main complexity in making electric motorcycles with high performance and autonomy lies in the battery. So we are following with great attention the evolution of this component, and at this moment we are evaluating when and at what moment the amount of energy that can be stored in a battery will somehow make a product like a full scale electric motorcycle usable.
There is an evidently important evolution, because compared to, for example, fifteen years ago there was a very important change, another ten years ago again; today lithium batteries are very performing but are not yet able to store a sufficient amount of energy to keep the weight of the bike at its current level. Today, therefore, compromises are needed between autonomy and weight.
Already for the middle of this decade an important step such as solid state batteries is expected, and even more important developments for the end of the twenties.
Domenicali’s claim that lithium-ion batteries haven’t advanced enough to provide sufficient stored energy and performance doesn’t seem to match the rest of the industry.
Not only have electric motorcycle makers like Zero been building e-motos for over a decade, but even legacy motorcycle manufacturers like Harley-Davidson have been producing thrilling models for years now.
With Ducati rolling out an electric racing motorcycle for the FIM MotoE racing series this year, many motorcycle fans thought that a consumer version would follow closely behind. But based on the language coming out of Borgo Panigale, it doesn’t seem like we’ll have a high-performance electric Ducati any time soon.
In the meantime, plenty of other companies seem to be picking up the slack with fast, high-performance electric motorcycles. Ducati may have missed the bus, but the opportunities for riders are still growing every day.
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Tesla’s Q2 results are in, and they are way, way down from Q2 of 2024. At the same time, Nissan seems to be in serious trouble and the first-ever all-electric Dodge muscle car is getting recalled because its dumb engine noises are the wrong kind of dumb engine noises. All this and more on today’s deeply troubled episode of Quick Charge!
We’ve also got an awesome article from Micah Toll about a hitherto unexplored genre of electric lawn equipment, a $440 million mining equipment deal, and a list of incompetent, corrupt, and stupid politicians who voted away their constituents’ futures to line their pockets.
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OpenAI is distancing itself from Robinhood‘s latest crypto push after the trading platform began offering tokenized shares of OpenAI and SpaceX to users in Europe.
“These ‘OpenAI tokens’ are not OpenAI equity,” OpenAI wrote on X. “We did not partner with Robinhood, were not involved in this, and do not endorse it.”
The company said that “any transfer of OpenAI equity requires our approval — we did not approve any transfer,” and warned users to “please be careful.”
Robinhood announced the launch Monday from Cannes, France, as part of a broader product showcase focused on tokenized equities, staking, and a new blockchain infrastructure play. The company’s stock surged above $100 to hit a new all-time high following the news.
“These tokens give retail investors indirect exposure to private markets, opening up access, and are enabled by Robinhood’s ownership stake in a special purpose vehicle,” a Robinhood spokesperson said in response to the OpenAI post.
Robinhood offered 5 euros worth of OpenAI and SpaceX tokens to eligible EU users who signed up to trade stock tokens by July 7. The assets are issued under the EU’s looser investor restrictions via Robinhood’s crypto platform.
“This is about expanding access,” said Johann Kerbrat, Robinhood’s SVP and GM of crypto. “The goal with tokenization is to let anyone participate in this economy.”
The episode highlights the dynamic between crypto platforms seeking to democratize access to financial products and the companies whose names and equity are being represented on-chain
U.S. users cannot access these tokens due to regulatory restrictions.
Despite the warnings, BYD continues introducing new discounts. On Wednesday, BYD’s luxury off-road brand began offering over 50% Huawei’s smart driving tech.
BYD introduces new discounts on smart driving tech
After BYD cut prices again in May, the China Automobile Manufacturers Association (CAMA) warned that the ultra-low prices are “triggering a new round of price war panic.”
Although they didn’t single out BYD, it was pretty obvious. BYD slashed prices across 22 of its vehicles by up to 34%, triggering several automakers to follow suit in China.
BYD’s cheapest EV, the Seagull, typically starts at about $10,000 (66,800 yuan). After the price cuts, the Seagull is listed at under $8,000 (55,800 yuan).
It doesn’t look like China’s EV leader plans to slow down anytime soon. Fang Cheng Bao, BYD’s luxury off-road brand, introduced new discounts on Huawei’s smart driving tech on Wednesday.
The limited-time offer cuts the price of Huawei’s Qiankun Intelligent Driving High-end Function Package to just 12,000 yuan ($1,700).
Buyers who order the smart driving tech in July will save over 50% compared to its typical price of 32,000 yuan ($4,500).
Earlier this year, Fang Chang Bao launched the Tai 3, its most affordable vehicle, starting at 139,800 yuan ($19,300). The Tai 3 is about the size of the Tesla Model Y, but costs about half as much.
The Tai 3 will spearhead a new sub-brand of electric SUVs following the more premium Bao 8 and Bao 5 hybrid SUVs.
BYD’s luxury off-road brand sold 18,903 vehicles last month, up 50% from May and 605% compared to last year. Fang Cheng Bao has now sold over 10,000 vehicles for three consecutive months.
The Chinese EV giant sold 382,585 vehicles in total in June, an increase of 12% from last year. In the first half of the year, BYD’s cumulative sales reached over 2.1 million, a YOY increase of 33%.
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