NIU, the Beijing-based power player in the electric scooter market, has just released a pair of new electric scooters. Unlike the moped-style rides that the company is most famous for, these are standing scooters. Meet the NIU KQi Air and KQi Air X.
Crafted of a carbon fiber frame, the KQi Air X tips the scales at just 25.8 lb (11.7 kg). For a ride that can hit 20 mph (32 km/h), that’s pretty impressive.
Or at least, it’s impressive for Americans. If you’re in Europe then you’ll have a lower 25 km/h speed limit. And if you’re in Germany, you’ve got a double foul with an even lower 20 km/h limit (that’s 12 mph in screamin’ eagle freedom units). Well, at least you can enjoy your extra long range!
The scooters have a maximum range of between 28-31 miles (45-50 km), depending which spec sheet or website page you believe. That’s thanks to the relatively large 451 Wh LG battery. But of course you’re only going to get that awesome range if you’re sticking to slower speeds. So ride like a German if you want to go far, apparently.
Both the KQi Air and KQi Air X have a 350W motor rated for 700W of peak power and can climb a maximum grade of 20%. They ride on 9.5×2.3″ tires, feature front disc brakes and rear regenerative braking, a half-twist throttle, and both front and rear LED lighting. The front headlight is NIU’s signature halo light, and there are also turn signals built into the handlebar ends.
The scooters feature “5 hour fast charging”, which sounds like an oxymoron to me.
“Hey Jimmy, can you come out and ride?”
“Sorry fellas, I’ll have to meet you in five hours when my fast charger is done.”
To be clear, there’s nothing wrong with a 5-hour recharge time. That’s pretty standard and most people simply charge overnight anyway. But let’s not play fast and loose with the word “fast”. Or “loose”, while we’re at it.
The NIU app, which works across NIU’s various models of standing scooters, seated scooters, bikes and motorcycles, allows riders to access features like NFC smart unlocking, ride stats, Bluetooth connectivity, over-the-air updates, and more. I use the NIU app for my own electric scooter (the seated variety) and it’s both slick and effective – not gimmicky.
As far as I can tell, the main difference between the two scooters unveiled today is that the non-X version is 0.4 pounds (180 grams) heavier, and also comes with a red or white on black colorway. The ever-so-slightly lighter KQi Air X benefits from an entirely carbon fiber frame (as opposed to a carbon and magnesium/aluminum frame), and comes in a gold on black colorway.
Oh, and there’s a price difference too. The KQi Air has an MSRP of US $1,399 while the KQi Air X comes in at US $1,799. It looks like there will be an early-bird promotion when pre-orders open on September 19, dropping the price to just US $949.
Electrek’s Take
Oh. My. God. A half-twist throttle! There’s a lot to like here but I’m nerding out over perhaps the simplest feature of the entire scooter. There are four main types of throttles out there in the scooter world (full-twist, half-twist, thumb, index finger), but there’s only one correct throttle: half-twist.
Half twist throttles are simply superior. They allow you to keep all five fingers securely wrapped around the handle bar, aren’t effected by rough terrain that would have your thumb bouncing up and down on a thumb throttle, and offer the most control (twisting the hand is a much finer motor skill than wagging a thumb). And unlike full-twist throttles, they don’t have the danger of accidentally catching the bar end on an obstacle and activating the throttle. This is a hill I’m prepared to die on, and so I’m glad to see a half-twist throttle here.
Much of the rest of the scooter is also impressive to me. I love the lightweight design, and anyone who regularly carries their scooter up more than two or three steps will appreciate.
The only downside is the price. You get a lot here (NIU’s app connectivity is second to none, in my opinion), but damn those are some expensive prices. Especially when you’re not getting any suspension either, you better really love the NIU ecosystem.
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It marks a stark contrast to earlier in the year, when BP found itself to be the subject of intense takeover speculation, with British rival Shell, UAE oil giant ADNOC and U.S. majors Exxon Mobil and Chevron all among the names touted as possible suitors.
BP CEO Murray Auchincloss insisted the company was focused on growth when asked about any approaches, saying last month: “That’s what is going to drive the share price up for shareholders.”
Shell, for its part, swiftly denied reports in late June that early-stage talks were taking place to acquire BP. The company said at the time that it had “no intention” of making a blockbuster offer for its embattled rival.
Allen Good, equity analyst at Morningstar, said he was unsure of the merit of the takeover speculation from the outset, even while the company was in turmoil and trading at a steep discount to its peers.
“Shares have since done better,” Good told CNBC. “And I think probably the most recent catalyst was the selection of the new chair, who is coming from CRH and has previous experience with meaningful turnarounds and being successful.”
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Shares of BP since April 11.
Following a green strategy U-turn earlier in the year, BP announced in July the appointment of Albert Manifold as its new chairman. The former boss of building materials producer CRH has since joined the firm’s board and will formally become chair from Oct. 1.
A BP spokesperson was not immediately available to comment when contacted by CNBC.
Oil discoveries and Elliott’s arrival
BP’s share price gain has coincided with some notable rating and price target upgrades. Berenberg, for instance, recently upgraded BP to buy from hold and raised its price target to £5.00 ($6.73), from £3.85, citing the firm’s significantly stronger second-quarter results.
In early August, BP reported underlying replacement cost profit, used as a proxy for net profit, of $2.35 billion for the three months through June — comfortably beating analyst expectations of $1.81 billion, according to an LSEG-compiled consensus.
Speaking to CNBC’s “Squawk Box Europe” shortly after these results, BP’s Auchincloss highlighted the growth potential of the company’s recent oil and gas discoveries, adding that he was “very optimistic” about the discovery in the Bumerangue block in Brazil’s Santos Basin, just over 400 kilometers (248.5 miles) from Rio de Janeiro.
The discovery marked the firm’s 10th since the start of the year and is regarded as a potentially significant boost as BP continues to double down on hydrocarbons.
Russ Mould, investment director at AJ Bell, said BP’s resilience in the face of skepticism “is interesting and can be a telling sign,” particularly as the share price rise comes despite what he described as “relentlessly negative commentary” on both the company and the oil price.
“Elliott’s arrival on the share register remains a factor, too, as the activist presses for disposals, improved cash flow, deleveraging and improved cash returns to shareholders, a clarion call to which BP appears to be listening,” Mould told CNBC by email.
Activist investor Elliott went public with a stake of more than 5% in BP in late April, bolstering expectations that its involvement could pressure the company to shift back toward its core oil and gas businesses.
A fuel pump is seen connected to a car at a gas station in Krakow, Poland on June 19, 2025.
Nurphoto | Nurphoto | Getty Images
Given Shell’s reported interest in a takeover appears to have cooled, Mould said BP’s best defense to any potential suitors would be a higher share price and an improved valuation.
“Valuation, or the price paid, is the ultimate arbiter of investment return and the more they have to stump up, the less likely predators are to appear, as higher valuations limit upside potential and increase downside risks should anything unexpected go wrong,” Mould said.
Debt burden
Looking ahead, energy analysts singled out BP’s relatively high debt burden as a potential cause for concern, however.
BP’s net debt came in at $26.04 billion at the end of the second quarter, down from nearly $27 billion in the first three months of the year.
“If you get a situation where oil prices start falling, then they are certainly the most exposed in the peer group,” Morningstar’s Good said. “So, that would be something that could derail this momentum.”
Government researchers in the US and abroad believe we could help decarbonize and electrify the transportation sector with hardy, fast-growing plants that collect the metals needed to manufacture electric vehicle batteries in their roots, then harvest those metals later with a process that’s cleaner and cheaper than traditional mineral mining.
Getting nickel and other useful metals from plants is made possible through a process called phytomining. But, as you’ve probably guessed, everyday plants don’t collect enough of these metals to make the extraction commercially viable. That’s where a French biotech startup called “Genomines” comes in.
Genomine’s relies on biologically engineered plants it calls “hyperaccumulators.” These plants naturally pull metals and minerals out from the soil they’re planted in through their roots, and store it in their stems and leaves, where Genomine can harvest it later.
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“It’s important because we need a lot of metal, especially for the energy transition in batteries in electric vehicles,” Fabien Koutchekian, co-founder and CEO of Genomines, told Fast Company. “Not only in batteries, but [nickel is] widely used in stainless steel as part of infrastructure. The problem is that with current traditional mining methods, we will not be able to produce enough.”
Bioengineered daisies extract twice as much nickel as before; via Genomines.
Not only are mining operations generally destructive, they often accompany (if not cause) a number of human rights issues as they get to work. “Indigenous Peoples and rural communities are paying a heavy price for the world’s scramble for energy transition minerals,” explains Veronica Cabe, Chair of Amnesty International, Philippines. “Not only did these communities undergo seriously flawed consultation processes – blighted by misrepresentations and a lack of information – they are now being forced to endure the negative impacts of these mining operations on their health, livelihoods and access to clean water.”
“Our mission is to harness plant biotechnology to extract resources essential for clean energy technology via scalable processes that preserve biodiversity, soil health and human well-being,” explains Koutchekian. “Our vision is to create an entirely new industry of plant-based metals. Genomines unlocks a scalable new resource base – we can fundamentally rebalance global mineral supply chains for decades to come.”
Genomines says its methods are not only scalable, but offer a number of additional benefits over conventional mineral mining:
Transformation of non-productive land into economic assets, operating in areas that are too low-grade to mine traditionally, but too metal rich to farm
Quickly deployable farms, operationalizing an asset in 1-2 years versus 12-17 years for traditional nickel mines
Cleaner more traceable extraction, while maintaining 40-50% lower equipment and operational costs as a result of biomass farming
Scalable modularly, deploying smaller, capital-efficient assets at profitable rates, rather than relying on the large, capex-intensive mines of traditional industry
Superior sustainability, the hyperaccumulator plants capture carbon as they grow, making the entire process not just carbon neutral, but potentially carbon negative
“Genomines’ technology leverages underutilized assets by extracting nickel from low-concentration soils that don’t compete with traditional agriculture. Coupled with a structural cost advantage, Genomines is well equipped to fundamentally change the way we extract critical metals, and do it in a significantly more sustainable manner,” says Alex Hoffmann, General Partner at VC firm Forbion and Genomines investor. “We are excited to be part of the journey and support the team to achieve its ambitious targets.”
Genomines estimates that about 30 to 40 million hectares of land across the globe contain enough nickel for their phytomining processes to prove enough nickel for the world’s EV needs, at 7-14 times the amount currently being mined. While it’s got a long way to go, the company currently employs 23 full time staff that are making real progress at their South African site, with many more soon to come.
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Peak Energy just switched on a 3.5 MWh sodium-ion battery, the largest energy storage project developed in the US. The system is the first of its kind at grid scale, and may eventually be a game-changer for delivering affordable energy in the US.
Sodium-ion batteries work well in hot or cold weather without auxiliary cooling systems. That makes them cheaper and easier to maintain, especially for utility-scale projects. They also use more abundant materials. The US holds the world’s largest soda ash reserves, a key sodium-ion ingredient, and the whole raw material supply chain can be sourced domestically or from allied countries.
The Burlingame, California-based energy storage company’s technology is designed to slash lifetime project costs, which could make a real difference as electric bills keep rising nationwide. With US household energy costs projected to climb as much as 18% in the next few years, utilities are looking for cheaper ways to meet demand. Peak Energy’s design eliminates active cooling, reduces moving parts, and cuts battery degradation by 33% over a 20-year lifespan — saving more than $100 million over a project’s lifetime.
“Storage is critical to solving America’s dual energy crises of affordability and availability,” said Landon Mossburg, Peak Energy’s CEO and cofounder. “With the lowest operating cost of any storage system in the market today, Peak Energy is proud to have developed a ready-to-deploy answer to energy affordability.”
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Peak Energy’s sodium-ion phosphate pyrophosphate (NFPP) battery storage system was unveiled in July and is now running at the Solar Technology Acceleration Center (SolarTac) in Watkins, Colorado. It’s being operated in partnership with nine utilities and independent power producers, which makes it the US’s largest energy storage project. Peak Energy will gather real-world data on the battery’s performance and share it across participating utilities. Commercial-scale projects are expected to launch in 2027.
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