Closer look at the new Tern HSD cargo electric bike (and what makes it so strong)
Tern recently updated its midtier electric cargo bike, the Tern HSD. I recently had the chance to check out the bike along with Tern’s founder and team captain, Josh Hon, at Eurobike 2023, and here’s what I learned.
First of all, if you aren’t familiar with Tern, then you’re in for a treat.
When it comes to premium electric bicycles that are built specifically for utility jobs, Tern is one of my go-to companies. There are other high-quality e-bikes out there for fitness riding, mountain biking, hardcore commuting, or even just cruising around.
You can spend a pretty penny these days on a high-end e-bike. But for pure utility – such as doing an entire week’s worth of grocery shopping or dropping a couple of kids off at school – Tern has long led the cargo pack. And it’s done so in a package that is barely larger than a typical bike.
I had the chance to test out the first version of the HSD several years ago when it was originally unveiled. It filled an interesting role, bringing many of the advantages of the company’s flagship (and equally flag-expensive) Tern GSD cargo bike. But it did so without a few of the bells and whistles, bringing the price down to a more approachable middle ground that didn’t sting as sharply to the average rider.
Since then, Tern has rolled out a few new models with even more approachable prices, which is why it makes sense that, with the new Tern HSD, the company has focused on heading a bit higher up the market.
With more options available with comfortable price tags, the HSD was able to incorporate several upgrades, chief among them an even more robust design.
One of Tern’s hallmarks isn’t just that their e-bikes are designed for heavy hauling but that they actually go above and beyond to ensure that they are the safest they can be during that heavy hauling. And it goes well past mere UL listing. Tern has used Bosch powertrains for years that come with UL certification. Getting an e-bike UL certified is child’s play compared to what Tern does.
As Tern’s Josh Hon explained to me, they go further than just about any e-bike maker to certify their bikes to extreme loads, such as the 400-pound (181-kilogram) limit of the new Tern HSD.
Most e-bike standards don’t even cover test procedures for weights that high. Several test benches aren’t even capable of physically supporting load testing at that level. And so Tern has largely entered uncharted territory.
They’ve tested their e-bikes up to those extreme load limits to ensure that anyone riding around with two kids on the back will never have to worry if the weight rating on their e-bike is a guesstimate or not – which, unfortunately, it often is. “A lot of manufacturers seem to be saying now, ‘Tern rates its bikes for 400 pounds, so I guess we need to also,’” explained Hon. And yet many of these lower-cost bikes either don’t have certification or they use a certification that stops testing at much lower weight limits.
In fact, many budget bikes that cost a fraction of a Tern HSD (which starts at $4,299) yet are rated to a similar 400 pounds of payload would actually fail at much lower weights – something we’ve seen before. It’s not just how much weight the bike can support but also what happens when a bike carrying two adults hits a pothole.
The Tern HSD includes several hidden touches that help reach that heavyweight rating, especially around the weak points. Creating a basic diamond frame that can support such heavy weight isn’t nearly as hard as ensuring that critical points like the seat tube can also support such heavy loads. Areas like the HSD nameplate behind the seat also serve as hidden gussets that strengthen the frame beyond what a typical bike can handle.
Then there are the non-Tern components. Parts from other OEMs, such as the fork, also have to support those extreme figures. After all, a bike is only as strong as its weakest component. Tern has even helped its suppliers improve the strength of their components to ensure that the HSD would be as rugged as possible. They discovered that their fork supplier wasn’t properly heat-treating the metal in the fork – a process critical for strength – because Tern had required the fork tubes to be extra thick; thus, the oven heating time was no longer sufficient to fully penetrate the metal. As forks kept breaking on the test bench, Tern was able to discover the problem and help the supplier improve its manufacturing to create a stronger component in the end.
This kind of attention to detail – to each and every component that supports a heavy rider or a heavy cargo load – is a testament to what separates the different levels of e-bikes out there. That’s not a dig at budget e-bikes. I ride one every day. But then again, I’m not putting two kids on it, either.
FTC: We use income earning auto affiliate links. More.
Environment
Trump targets solar and wind with tighter federal permitting in another blow to renewable industry
Lucid Motors’ (LCID) shares soared over 50% after the company secured a multi-hundred-million dollar investment from Uber to deploy robotaxis. So, why did Lucid just announce plans for a reverse stock split?
Why did Lucid announce a reverse stock split?
Lucid and Uber announced a new alliance on Thursday to deploy 20,000 electric robotaxis over the next six years.
The new robotaxi service, set to launch next year, will combine Lucid’s advanced software-defined EV platform with Nuro’s Level 4 self-driving tech.
As part of the new alliance, Uber plans to make “multi-hundred-million-dollar investments” in Lucid and Nuro. The first autonomous prototype is already in operation on a closed track at Nuro’s facility in Las Vegas.
Lucid’s interim CEO, Marc Winterhoff, said, “This investment from Uber further validates Lucid’s fully redundant zonal architecture and highly capable platform as ideal for autonomous vehicles.” Winteroff claimed that the new alliance “is the start of our path to extend our innovation and technology leadership into this multi-trillion-dollar market.”
The Lucid Gravity boasts an impressive EPA-estimated range of 450 miles. Its electric sedan, the Lucid Air, just broke a Guinness World Record after traveling 749 miles (1,205 km) on a single charge.
Lucid’s partnership with Uber sent share prices surging over 50% during trading hours on Thursday. In a separate filing with the SEC today, Lucid announced plans to initiate a 1-for-10 reverse stock split.
The split won’t affect shareholder ownership, except in cases where fractional shares are created. In that case, shareholders will receive a cash payment.
Lucid said it believes the reverse stock split “will allow the company’s common stock to be more attractive to a broader range of investors and other market participants.”
A vote of confidence
During an interview with Bloomberg on Thursday, Winterhoff explained that a portion of the $300 million investment from Uber will be used to develop the self-driving tech with Nuro. Winterhoff added that Lucid’s surging share price was “a vote of confidence.”
According to Winterhoff, the reverse stock split is not due to Lucid’s fear of being delisted, but rather to attract larger investors.
It was also more of a “technical” strategy to reduce volatility and help Lucid participate in the broader stock market.
Many institutional investors avoid stocks priced below $5 due to the higher risk and price swings. The proposed stock split still requires shareholder approval, which will be voted on at an upcoming special stockholders’ meeting.
After that, Lucid’s Board of Directors will determine whether it’s still in the best interest of the company and its stockholders to proceed.
Lucid’s stock rose over 36% on Thursday, closing at $3.12 per share. Although shares of LCID are up just slightly (+2%), they are now up year-to-date. However, they are still down 18% over the past year and nearly 95% from their all-time high of over $58 a share in February 2021.
Last week, after meeting with Lucid’s CFO, Taoufiq Boussaid, Benchmark analyst Mickey Legg set a target share price of $5.00, which was subsequently raised to $7.00 following the announcement of the Uber partnership.
Legg wrote a note to investors, “After meeting with LCID’s CFO Taoufiq Boussaid on Tuesday and reviewing 2Q production and deliveries, we remain confident in the company’s path to scale.”
Lucid delivered a record 3,309 vehicles in Q2, its seventh straight quarter with higher deliveries. The company aims to produce 20,000 vehicles this year, more than double the roughly 9,000 it made in 2024.
After ending the first quarter with $5.76 billion in liquidity, Lucid said that it has sufficient funding to last until the second half of 2026, when it plans to launch its more affordable midsize EV platform. The first two models will be a midsize SUV and sedan, starting at about $50,000.
FTC: We use income earning auto affiliate links. More.
IONNA, the EV charging joint venture backed by eight automakers – BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz, Stellantis, and Toyota – just announced its biggest charging deal yet. It’s teaming up with convenience store favorite Wawa to roll out ultra-fast EV chargers at locations across the US.
The first site opens next week at Wawa’s W. International Speedway in Daytona Beach, Florida. More Rechargeries (yup, that’s what IONNA calls them) are already under construction in Bradenton, Pensacola, and Orlando. The partnership will be a big boost to both IONNA’s national charging goals and Wawa’s growing EV infrastructure.
The Daytona Beach Wawa will feature IONNA’s blue-and-orange 400kW Genuine Charge Dispensers, canopy coverage, car care essentials, and, of course, access to Wawa’s refreshments and restrooms.
“Next week’s opening of the IONNA Rechargery at Wawa in Daytona Beach will bring our total bay count to 212 live and 3,064 contracted. That is over 10% contracted to our 2030 live bay goal in just over a year,” said IONNA CEO Seth Cutler.
Wawa’s chief fuel officer, Rich Makin, added, “With an ongoing commitment to providing our customers with speed and convenience, our new collaboration with IONNA does just that.”
IONNA aims to install 30,000 fast charging bays across North America by 2030.
Read more: Waffle House is getting DC fast chargers – and it’s a genius move
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links. More.
-
Sports3 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports1 year agoStory injured on diving stop, exits Red Sox game
-
Sports2 years agoGame 1 of WS least-watched in recorded history
-
Sports2 years agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Sports4 years ago
Team Europe easily wins 4th straight Laver Cup
-
Sports2 years agoButton battles heat exhaustion in NASCAR debut
-
Environment2 years agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Environment2 years agoGame-changing Lectric XPedition launched as affordable electric cargo bike