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Specialized, one of the leading manufacturers of high-end bicycles and e-bikes, has launched its first-ever value segment of e-bikes under the Globe line. The company’s launch model is an electric cargo bike known as the Globe Haul ST.

While Specialized calls it a cargo bike, the shorter wheel-base that keeps it in “normal bike” proportions helps put it into a class we often refer to as utility e-bikes. These are e-bikes with extra cargo capacity for hauling extra cargo or passengers, but without the extra bulk and length often associated with oversized electric cargo bikes.

The Globe Haul ST is priced at US $2,700, which might seem to be a bit higher than most budget-oriented e-bikes yet is positively low-cost for a premium brand like Specialized.

specialized globe haul ST

The company is pitching the Globe Haul ST as an affordable car-replacing electric bike that can handle many of the daily tasks that many people accomplish with a much larger vehicle.

As the company explained:

The Globe Haul ST represents a new category of e-bike for Specialized, one that fills the gap between a commuter e-bike and a car. The Globe line is designed with increased load capacity and a versatile accessory mounting system allowing riders to travel comfortably around the suburbs and exurbs as well as the off-the-beaten paths of their outdoor adventures.

specialized globe haul ST

Compared to many of Specialized’s electric bicycles that lean more toward European-style e-bike designs, the Globe Haul ST is rather Americanized.

That means a powerful 700W hub motor, a massive 772 Wh battery touting 60 miles (96 km) of range, large tires in a 20×3.5″ size, and a massive weight capacity of up to 419 lb. (190 kg).

Oh yeah, and the Class 3 top speed of 28 mph (45 km/h).

That being said, it’s missing one major piece of kit loved by the majority of North American riders: a throttle option. When we first got a look at teaser pics, I called out a thin wire tracing its way up to the right handlebar end. As it didn’t terminate in the brakes and thus couldn’t have been a common brake sensor, I suggested that it may be a giveaway for a throttle. Unfortunately I was a bit too optimistic, as it turns out it’s the switch for the ultra-bright 1,500 lumen headlight.

However, one of the many accessories option includes a plug-in throttle, so it sounds like the company is prepared to offer that option to those that prefer the ability to put their legs on autopilot for a period.

In true Specialized fashion, the bike is outfitted with some very nice parts compared to today’s mid-level e-bikes. Microshift’s 9-speed transmission makes an appearance, as do hydraulic disc brakes on massive 203 mm brake rotors, and there’s even a torque sensor for ultra-smooth and responsive pedal assist.

There’s a telescoping seat post that drops down ultra low for riders as short as 4’5″ (135 cm) or as tall as 6’4″ (193 cm). The rear rack is dual level to create enough space for panniers to clip on while potentially leaving the top bars unencumbered for extra cargo loading.

That rack seems to be a central part of several accessory options, as the company explained:

To further separate itself from the pack, the bike comes with a versatile mounting system and ecosystem of specifically-engineered accessories that allow riders to personalize with the storage and seating configuration best suited to their needs. The Globe Haul ST launches with an accessory line that includes front and rear pannier adaptors, a rear passenger seat, handlebars, and foot pegs, an MIK-ready front rack, rear wheel cover, and plug-in throttle. A rack customization kit also provides various hardware to bolt on just about anything to the front.

Even less critical parts like the included brass bell appear to be nicer quality than the typical accessories slapped on a lot of direct-to-consumer e-bikes.

Priced at US $2,700, the Specialized Globe Haul ST is available in dark and light colorways of Satin Obsidian and Gloss White Mountains. The bike is currently only available in the US, but Specialized representatives have told Electrek that there are still plans to expand international distribution “in the future.”

Electrek’s Take

I’m pretty darn impressed with the Globe Haul ST, and I’m glad to see a throttle option, even if it’s an up-charge. I can already tell you that the lack of a throttle would have considerably cut into the bike’s potential sales in the US. It’s not that all e-bikes have to come with a throttle – I love pedal assist as well. But there are so many US e-bike riders that simply won’t look at an e-bike that doesn’t at least give them the option of throttling when they’re tired.

I think it’s hard to talk about these step-through utility bikes without mentioning the RadRunner, especially since they borrow heavily from the setup popularized by Rad Power Bikes a few years ago. Even the nicest $2,500 RadRunner 3 Plus is still a bit more affordable than the Globe Haul ST, though I doubt Rad can compete with the quality of a brand like Specialized.

I’m loving the loadout here. And I’m loving the fact that you’re basically getting Specialized quality and attention to detail at a more direct-to-consumer price. In fact, the packaging and owners manual alone speak volumes about this e-bike and the company behind it. Most direct-to-consumer e-bikes expect you to say thanks for including a couple Ikea-quality hex wrenches produced out of a steel-butter alloy. But the Globe Haul ST comes with a full tool kit including a freakin’ torque wrench to make sure you not only assemble the bike properly but also torque all the bolts to spec. Mmmm, I love that.

Though for those that don’t want the hassle of self-assembly, Specialized also offers an option to have the bike shipped to their local dealer for professional assembly.

Images from the Globe Haul ST assembly manual

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Japan’s Nippon expected to close acquisition of U.S. Steel at $55 per share, sources say

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Japan's Nippon expected to close acquisition of U.S. Steel at  per share, sources say

Sen. Dave McCormick on Nippon-U.S. Steel deal: A win-win situation for both sides

Japan’s Nippon Steel is expected to close its acquisition of U.S. Steel for $55 per share, sources familiar with the matter told CNBC’s David Faber.

President Donald Trump cleared Nippon’s bid for U.S. Steel on Friday, referring to the deal as a “partnership.” Trump said Nippon will invest $14 billion over the next 14 months. U.S. Steel’s headquarters will remain in Pittsburgh, the president said.

U.S. Steel shares were up more than 1% on Tuesday. The $55 per share bid for U.S. Steel is the offer that Nippon originally made for the company before the deal was blocked in January.

President Joe Biden had blocked Nippon’s bid for U.S. Steel on national security grounds, arguing that the deal will potentially jeopardize critical supply chains. But Trump ordered a new review of the proposed acquisition in April, despite his previous opposition to Nippon acquiring U.S. Steel.

The United Steelworkers union had opposed the Nippon’s bid to acquire U.S. Steel. USW President David McCall said Friday that the union “cannot speculate about the impact” of Trump’s announcement “without more information.

“Our concern remains that Nippon, a foreign corporation with a long and proven track record of violating our trade laws, will further erode domestic steelmaking capacity and jeopardize thousands of good, union jobs,” McCall said in a statement.

Trump told reporters on Sunday that the deal is an “investment, it’s a partial ownership, but it will be controlled by the USA.” Pennsylvania Senator Dave McCormick told CNBC on Tuesday that U.S. Steel will have an American CEO and a majority of its board members will be from the U.S.

“It’s a national security agreement that will be signed with the U.S. government,” McCormick told CNBC’s “Squawk Box.” “There’ll be a golden share that will essentially require U.S. government approval of a number of the board members and that will allow the United States to ensure production levels aren’t cut.”

The $14 billion that Nippon will invest includes $2.4 billion that will go to U.S. Steel’s operations at Mon Valley outside Pittsburgh, McCormick said. The deal will save 10,000 jobs in Pennsylvania and add another 10,000 jobs in the building trades to add another arc furnace, the senator said.

When asked what Nippon gets from the deal, McCormick said the Japanese steelmaker will “have certainly members of the board and this will be part of their overall corporate structure.”

“They wanted an opportunity to get access to the U.S. market — this allowed them to do so and get the economic benefit of that,” McCormick said of Nippon. “They’ve negotiated it, it was their proposal.”

Trump said Friday he will hold a rally at U.S. Steel in Pittsburgh on May 30.

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Kia announces 2026 EV9 pricing with discounts on multiple trims

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Kia announces 2026 EV9 pricing with discounts on multiple trims

Kia has posted details of its 2026 model year EV9 SUV, including updated pricing. Most of the EV9’s third model year carries over from the 2025 version, but there are some cool new customizations and configurations. Additionally, several of the 2026 trims of the Kia EV9 are priced at their lowest to date.

The Kia EV9 has entered its third model year after establishing itself as a slam-dunk of a three-row BEV and a flagship model for the Korean automaker. During its production run, the EV9 has garnered several awards and steady sales as it transitioned production of the BEV to its US plant in Georgia.

As such, the 2025 versions of the Kia EV9 qualify for federal tax credits (while they’re still around). The 2026 versions of the Kia EV9 may also briefly qualify for credits, but the pricing of multiple trims will save consumers a little cash.

We shared how those model-year prices compare below.

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Kia lowers a majority of EV9 trim pricing for 2026

Kia shared all the details of its 2026 EV9 models today, including its latest pricing. As mentioned above, most of the updates for the third model year are cosmetic, but there are some (slight) increases to range compared to the 2025 versions.

For example, the Light Long Range EV9 gained a whole extra mile (305 mi), while the Wind and Land trims jumped from 280 miles in 2025 to 283 for 2026. Lastly, the top-tier GT-Line increased the most, gaining 10 miles of range for 2026 (280 miles).

Before we get to EV9 pricing, here are some additional updates, per Kia:

  • New Nightfall Edition available on Land trim
    • Design and performance enhancements
    • Exclusive 20-inch gloss black wheels, black badging, and gloss black trim
    • New Roadrider Brown exclusive exterior color
    • Exclusive interior seat stitching pattern and design elements
    • Offered with both 6-passenger and 7-passenger seating configurations at no extra cost
  • All AWD trims (Wind/Land/GT-Line) gain Terrain Mode (Mud/Snow/Sand), which replaces 4WD
  • 2026 GT-Line gains two new two-tone exterior color options:
    • Glacial White Pearl with Ebony Black roof
    • Wolf Gray with Ebony Black roof

Okay, as promised, here’s the 2026 model-year Kia EV9 pricing. For comparison, we’ve included MSRPs for the first three model years of the EV9’s existence so you can see how prices have changed (or held steady). Note that these MSRP’s exclude destination and handling, taxes, title, license fees, options and retailer charges:

Kia EV9 Trim 2024 Price 2025 Price 2026 Price
Light Standard Range $54,900 $54,900 $54,900
Light Long Range $59,200 $59,900 $57,900
Wind $63,900 $63,900 $63,900
Land $69,900 $69,900 $68,900
GT-Line $73,900 $73,900 $71,900

As you can see, the Light SR trim of the EV9 held steady at $54,900 for a third consecutive year. The only other RWD option, the Light LR, saw a $2,000 price drop after going up $700 in 2025. The AWD Wind trim once again held steady while the EV9 Land saw a $1,000 decrease.

Last but not least, the 2026 Kia EV9 GT-Line’s pricing dropped $2,000 and is now below $72,000 before taxes and fees. Add the potential for federal tax credits to these drops in 2026 pricing, and now is as good a time as ever to get a shiny new Kia EV9.

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Tesla (TSLA) keeps getting worse in Europe despite electric car sales surging

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Tesla (TSLA) keeps getting worse in Europe despite electric car sales surging

Tesla’s (TSLA) situation in Europe continues to deteriorate, despite electric car sales surging and the new Model Y now being available.

The European Automobile Manufacturers Association (ACEA) released the latest complete data for European vehicle sales for April 2025 today, and it confirmed that Tesla’s total sales in EU, EFTA, and UK amounted to 7,261 units – down 49% year-over-year:

Tesla’s deliveries in Europe are now down 38.8% year-over-year for the first four months of the year.

During that same period, battery-electric vehicle sales grew 26.4% in the market and 34.1% in April alone.

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Last week, we reported that Tesla CEO Elon Musk claimed “every manufacturer” is experiencing demand problems in Europe, with “no exception.”

As we can see from the ACEA data, that’s not true. The Volkswagen Group, Renault, BMW, and SAIC are all up year-to-date and in April.

Tesla’s problems persist into May. The data coming from European markets that report daily car registration shows that Tesla’s Q2 is still tracking barely above Q1 and significantly below Q2 2024:

In Q1 2025, Tesla blamed its poor performance on the Model Y changeover, but it doesn’t have this excuse in Q2.

The automaker is currently offering record discounts and incentives to buy in most markets, including Europe. It also has its new Model Y available, but it is clear that Tesla is suffering from demand problem as its sales are down in virtually all markets.

Electrek’s Take

The narrative that everyone is having demand problems in Europe is not true, mainly when you focus on battery-electric vehicles.

Sales are way up. Tesla is the exception in BEVs.

It’s true that the Model Y changeover had an impact in Q1, but it wasn’t fair to blame the full decline on it. A significant portion of Tesla’s issues in Q1 was related to brand damage, primarily due to its CEO, Elon Musk, and this is now becoming clear in Q2.

There’s room to get worried as competition is only going to get tougher.

The brand damage occurring just as customers are gaining more options is not positive for Tesla.

At this point, it’s not clear what Tesla can do to turn things around in Europe. Distancing itself from Musk could help, but even then, it looks like Tesla would need a lot more to get out of an almost 50% drop.

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