A recent string of anti-ebike articles in the New York Times has attempted to spread fear around the increasingly popular transportation method of electric bicycles. But it’s not just the typical e-bikes you see students riding to class or adults cruising to work on. One of the main e-bike targets of late has become electric balance bikes, or what the NYT referred to as “motorcycles for children.”
However, instead of fearing these rider training tools, we’d be better advised to embrace them and encourage more parents to put their kids on one.
The main bike at issue in the recent NYT hit-piece was a model named the “K1D”, or kid. It’s produced by California-based electric bike manufacturer SUPER73 and is the company’s first two-wheeler specifically designed for children.
It’s not a new concept though. Let’s be honest: SUPER73 basically looked at the massive amount of money another company known as StaCyc was making selling electric balance bikes and said “We can do that too, only cooler”. And they did.
For those unfamiliar, balance bikes are essentially tiny bikes for small children. There are no pedals, so kids push off against the ground and then rest their feet on the platforms. The aptly-named balance bikes teach kids how to balance a bike by developing the intuition to slightly steer to the side they are leaning towards. Until they get it and balance on their own, they can just put their feet back down.
It’s the modern day alternative to how your dad used to push you on your bike in a grassy field while yelling “Now pedal! And turn! TURN!” before running after you as you fall, then watched as you get back up to try again. Except instead of falling, kids now just put their feet down and push off again. In fact, children are learning to control a bike without even realizing they’re learning. To them, it’s just fun to push and glide.
Balance bikes are replacing training wheels as the go-to method for learning to ride a bike. Unlike training wheels, which don’t teach how to balance and only make kids reliant on something else to balance for them, these types of balance bikes teach kids to be reliant on themselves to stay up. Balance bikes are not only safer (fewer falls), but kids actually learn on their own by discovering what works. They feel what steering inputs make the bike more stable, then learn to repeat it, all by themselves.
Balance bikes have been around for a while, but electric balance bikes are fairly new. They’re basically the same thing, except they have a tiny electric motor and battery added on to the frame. Kids still have to push off to get going, but instead of slowing down and stopping after a few seconds, they can push a button or twist a throttle to engage the motor and keep going. It’s more fun for the kid (obviously, “vroom vroom”) and it actually helps them learn to ride a bike faster because they spend more time upright and balancing, developing the muscle memory and neural pathways needed to steer and balance a bicycle.
My wife and I are enjoying playing life on easy mode without kids, so from time to time we borrow our nieces and nephews whenever we feel like experimenting. I recently got a hold of an electric balance bike from Hiboy and put my 4 year old niece on it. Time to experiment.
My niece on her electric balance bike
She already has a small pedal bike with training wheels, but my brother hasn’t been able to remove them yet because she doesn’t know how to balance the bike without the training wheels. They try, but it just proves frustrating and she gives up. Each time I saw those damn training wheels, I wanted to take them off, but I couldn’t since she’d just fall over.
To my niece, the electric balance bike was immediately “cool”. She’s seen her older brothers ride electric scooters and so she naturally wanted to try her own electric ridable thing.
We left the power off at first and she practiced rolling downhill on her driveway, learning to balance on the way down.
After a few tries, she was getting the hang of it. Then we turned the power on. And something amazing happened. She reached the bottom of the driveway, pushed the throttle and just kept going.
She was a bit wobbly, like a small drunk person struggling to ride home from an Amsterdam bar, but she was rolling on two wheels. After a few more minutes, she was doing it! She was actually riding and balancing all on her own.
But that’s not the end of the story. Because to continue the experiment, we next took the training wheels back off her pedal bike to see what would happen.
And she immediately succeeded to ride her pedal bicycle, something she had never been able to do before. Literally just a few minutes on an electric balance bike did what months of training wheels couldn’t: it taught her to ride a bike.
Of course anecdotal evidence is merely evidence of an anecdote, but I don’t think my niece is anything special. She’s rather ordinary (and also loud… oh so loud! Hanging out with small children is the best birth control in the world). But it still goes to show just how powerful of a learning tool electric balance bikes can be.
They’re essentially a way to Trojan horse bike-riding skills into kids. It’s the same idea of hiding math problems in educational video games. You take something inherently fun for kids, and you sneak important skills and lessons into it. It’s a win-win.
With these new-fangled contraptions of electric balance bikes, the kids still get exercise (you have to push off to get going before the motor will activate) and they get more fresh air from outdoor time.
At a time when childhood obesity rates are at depressingly high levels, we should be doing everything we can to get kids away from screens and onto bike saddles. If an electric balance bike, something that critics like to refer to as “motorcycles for children”, are cool enough to get kids interested in going outside and learning to ride, then we need more of them. Hell, include little leather vests that say “Heck’s Angels” to go with them, I don’t care. If a few Pulitzer Prize-winning NYT journalists need to get their feathers ruffled in order for scores of young kids to more quickly learn to ride bikes, that’s a price I’m willing to pay.
Just make more of these fun tools and get more kids on them. We need more kids learning to ride, more quickly and in larger numbers.
She’s still practicing the dismount
The obvious counterargument here is “But they aren’t pedaling so they’re just being lazy”. But stick with me here. Again, you’ve got to push off before you can engage the motor, so there’s some physical activity required. And balancing engages your core and other muscles too. But also, keep in mind that exercise isn’t the point at this stage. We’re talking about toddlers. If they aren’t sleeping, they’re either running or being annoying (both of which burn calories). And they’re going to outgrow these tiny electric balance bikes quickly anyway. If they can fit on it for a year, you’ll be lucky. By the time they’ve outgrown it, put them on a pedal bike. They’ll enjoy the new larger bike with a fun new propulsion method and will feel like a “big kid” on their new pedal bike, which they are instantly good at riding thanks to honing their balance skills from an earlier age on an electric balance bike.
Luddites that fear electric motors can and likely will continue to hold these things up as two-wheeled boogeymen that are coming for your kids, but I say let them come for your kids. Because if electric balance bikes are this quick as a learning tool to teach kids an important life skill of riding a bike and in a way that is more effective and more fun for the kids, then they’re obviously doing something very right.
Anything that encourages kids to get outside, get on a bike or just go be kids away from screens is a good thing.
Of course that doesn’t mean that there shouldn’t be adult supervision. Electric balance bikes are effective tools for teaching kids bike balance skills but adults should still be watching those kids to make sure they’re safe during that learning process. An orange flag wouldn’t be a bad idea either. But I’d argue that the process is even safer since kids can more quickly learn the balance part and then move on to more critical safety lessons like learning to check for cars before entering the street, etc.
The NYT can try to scare parents away from electric balance bikes for kids, but perhaps fear mongering news isn’t where we should be getting our cycling advice. The NYT makes money when people click on their articles, and a headline “Nothing wrong with effective cycling learning tool” doesn’t carry the same clickability. As a journalist who also only makes money when you read my articles, I’m going to take that risk. I probably won’t earn very much today, so I’ll just skip my millennial avocado toast until tomorrow. But that’s a small sacrifice to pay for helping a few more kids learn to ride a bike.
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GE Vernova has produced over half the turbines needed for SunZia Wind, which will be the largest wind farm in the Western Hemisphere when it comes online in 2026.
GE Vernova has manufactured enough turbines at its Pensacola, Florida, factory to supply over 1.2 gigawatts (GW) of the turbines needed for the $5 billion, 2.4 GW SunZia Wind, a project milestone. The wind farm will be sited in Lincoln, Torrance, and San Miguel counties in New Mexico.
At a ribbon-cutting event for Pensacola’s new customer experience center, GE Vernova CEO Scott Strazik noted that since 2023, the company has invested around $70 million in the Pensacola factory.
The Pensacola investments are part of the announcement GE Vernova made in January that it will invest nearly $600 million in its US factories and facilities over the next two years to help meet the surging electricity demands globally. GE Vernova says it’s expecting its investments to create more than 1,500 new US jobs.
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Vic Abate, CEO of GE Vernova Wind, said, “Our dedicated employees in Pensacola are working to address increasing energy demands for the US. The workhorse turbines manufactured at this world-class factory are engineered for reliability and scalability, ensuring our customers can meet growing energy demand.”
SunZia Wind and Transmission will create US history’s largest clean energy infrastructure project.
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Circle, the company behind the USDC stablecoin, has filed for an initial public offering and plans to list on the New York Stock Exchange.
The prospectus, filed with the SEC on Tuesday, lays the groundwork for Circle’s long-anticipated entry into the public markets.
JPMorgan Chase and Citigroup are serving as lead underwriters, and the company is reportedly aiming for a valuation of up to $5 billion. It will trade under ticker symbol CRCL.
It marks Circle’s second attempt at going public. A prior merger with a special purpose acquisition company (SPAC) collapsed in late 2022 amid regulatory challenges. Since then, Circle has made strategic moves to position itself closer to the heart of global finance, including the announcement last year that it would relocate its headquarters from Boston to One World Trade Center in New York.
Circle reported $1.68 billion in revenue and reserve income in 2024, up from $1.45 billion in 2023 and $772 million in 2022. The company reported net income last year of about $156 million., down from $268 million a year earlier.
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A successful IPO would make Circle one of the most prominent pure-play crypto companies to list on a U.S. exchange. Coinbase went public through a direct listing in 2021 and has a market cap of about $44 billion.
Circle will be trying to hit the public markets at a volatile moment for tech stocks, with the Nasdaq having just wrapped up its steepest quarterly drop since 2022. The tech IPO market has been mostly dry for over three years, though there are signs of life. Online lender Klarna, digital health company Hinge Health and ticketing marketplace StubHub have all filed their prospectuses recently. Late last week, artificial intelligence infrastructure provider CoreWeave held the biggest IPO for a U.S. venture-backed tech company since 2021. But the company scaled back the offering and the stock had a disappointing first two days of trading before rebounding on Tuesday.
Circle is best known as the issuer of USD Coin (USDC), the world’s second-largest stablecoin by market capitalization.
Pegged one-to-one to the U.S. dollar and backed by cash and short-term Treasury securities, USDC has roughly $60 billion in circulation and makes up about 26% of the total market cap for stablecoins, behind Tether‘s 67% dominance. Its market cap has grown 36% this year, however, compared with Tether’s 5% growth.
The company’s push into public markets reflects a broader moment for the crypto industry, which is enjoying political favor under a more crypto-friendly U.S. administration. The stablecoin sector specifically has been ramping up as the industry gains confidence that the crypto market will get its first piece of U.S. legislation passed and implemented this year, focusing on stablecoins. President Donald Trump has said he hopes lawmakers will send stablecoin legislation to his desk before Congress’s August recess.
Stablecoins’ growth could have investment implications for crypto exchanges like Robinhood and Coinbase as they become a bigger part of crypto trading and cross-border transfers. Coinbase also has an agreement with Circle to share 50% of the revenue of its USDC stablecoin, and Coinbase CEO Brian Armstrong said on the company’s most recent earnings call that it has a “stretch goal to make USDC the number 1 stablecoin.”
The stablecoin market has grown about 11% so far this year and about 47% in the past year, and has become a “systemically important” part of the crypto market, according to Bernstein. Historically, digital assets in this sector have been used for trading and as collateral in decentralized finance (DeFi), and crypto investors watch them closely for evidence of demand, liquidity and activity in the market.
After its meteoric rise in the global auto industry last year, the Chinese EV giant is off to a hot start in 2025. BYD sold over one million EVs and plug-in hybrids in the first three months of the year. Even more impressive, BYD’s overseas sales doubled to start the year as it expands into new markets. With new EVs arriving, some predict BYD could see even more growth this year.
BYD’s overseas sales are surging as new EVs arrive
BYD sold 377,420 new energy vehicles (NEVs) last month alone. Like most Chinese automakers, BYD reports NEV sales, including plug-in hybrids (PHEVs) and fully electric vehicles (EVs).
Of the 371,419 passenger vehicles BYD sold in March, 166,109 were EVs, and the other 205,310 were PHEVs. Combined, BYD’s sales were up 23% compared to last year.
BYD’s Dynasty and Ocean series accounted for 350,615, while its luxury Denza brand sold 12,620, Fang Cheng Bao had 8,051, and its ultra-luxury Yangwang brand sold another 133 models.
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Through the first three months of 2025, BYD sold over one million (1,000,804) NEVs. That’s up 60% from the 626,263 sold in Q1 2024. Fully electric models accounted for 416,388 while PHEV sales reached 569,710, an increase of 39% and 76% from last year, respectively.
BYD Dolphin (left) and Atto 3 (right) at the 2024 Tokyo Spring Festival (Source: BYD Japan)
BYD’s overseas sales reached a new record last month, with 72,723 vehicles sold in markets outside of China. Through March, BYD has sold over 206,000 NEVs overseas, more than double (+110%) the number it sold last year.
BYD has made a name for itself with ultra-low-cost EVs like the Seagull, which starts at under $10,000 in China. In overseas markets, like Mexico, it’s sold as the Dolphin Mini and starts at around 358,800 pesos, or around $20,000.
BYD Seagull EV (Dolphin Mini) testing in Brazil (Source: BYD)
The world’s largest EV maker is quickly expanding into new segments with pickup trucks, smart SUVs, luxury models, and electric supercars rolling out.
Last week, BYD launched the Yangwang U7, its first ultra-luxury electric sedan. With four electric motors, the U7 packs 1,287 horsepower, good for a 0 to 62 mph (0 to 100 km/h) sprint in just 2.9 seconds. It also has up to 720 km (447 miles) CLTC driving range.
BYD Yangwang U7 ultra-luxury electric sedan (Source: Yangwang)
The Porsche Panamera-size EV is loaded with BYD’s top-tier “God’s Eye” A advanced driving assistance system, DiPilot 600, and a host of other premium features. All of that, and it starts at just just 628,000 yuan ($87,700).
In Europe, BYD is aggressively expanding with new vehicles tailored to buyers in the region, like the Sealion 7 midsize SUV and Atto 2. It’s also expected to launch the low-cost Seagull EV in Europe later this year or early 2026 as the “Dolphin Surf.”
BYD’s wide-reaching electric vehicle portfolio (Source: BYD)
According to S&P Global Mobility, BYD’s sales are expected to double in Europe this year to around 186,000. By 2029, that number could reach 400,000 or more.
BYD outsold Honda and Nissan in 2024. As it aims to sell 5.5 million vehicles this year, BYD could be on track to surpass Ford in global sales this year. BYD also aims to sell over 800,000 EVs overseas in 2025, double the number it sold last year.
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