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After unveiling its Vision Neue Klass this week, BMW teased a first look at its upcoming electric SUV during a video presentation.

BMW gave us a glimpse into the luxury brand’s future after introducing its Vision Neue Klass at IAA Mobility in Munich over the weekend weekend

The company says its “new class” of electric vehicles, set to debut in 2025, will feature “30% more range, 30% faster charging, and a 25% overall improvement in efficiency.”

BMW showed off its Vision New Klasse electric sedan, a 3-series-like model with a progressive design.

The new electric sedan includes distinct BMW design features like strong wheel arches, a retractable greenhouse, and a “shark-nose” front end, but with a modern spin.

The new electric sedan features an almost monolithic vehicle body with indentations at the front and rear ends and large windows. Meanwhile, the signature BMW kidney grille and double headlights are merged into one area in the front.

BMW’s CEO Oliver Zipse said that the company plans to launch six Neue Klasse electric models within 24 months during a keynote speech over the weekend. “From SAV to Sedan, there is something for every customer,” Zipse explained.

During the video presentation introducing the Neue Klasse of vehicles, BMW teased a first look at its electric SUV (skip to 26:50 to see it).

BMW-Neue-Klasse-electric-SUV

From what’s shown, it looks like BMW is using a similar pattern to other test vehicles. This could mean the electric SUV is already entering the testing phase ahead of its 2025 debut.

You can also see changes from the brand’s iX3 with a shorter front end and more elongated rear. It may look slightly bulk due to the additional camouflage. Compared to the iX3, 30% more range would mean over 370 miles (598 km).

Could a high-performance M version also be in the works? Right before transitioning to the new electric SUV, BMW talked about “the next M engine” and “the heart of BMW driving pleasure” as the electric SUV speeds off onto a track.

BMW’s Neue Klasse will feature its sixth-generation eDrive motors and round battery cells that will boost range and efficiency.

For the first time, the new vehicles will also include BMW Panoramic Vision, a head-up display shown on the bottom third of the windshield.

The new BMW electric SUV will follow a production version of the Vision Neue Klasse electric sedan shown at IAA, starting in 2025.

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Verge unveils wild-looking TS Pro electric motorcycle with hubless motor, longer range, and faster charging

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Verge unveils wild-looking TS Pro electric motorcycle with hubless motor, longer range, and faster charging

Verge Motorcycles just took the wraps off the next evolution of its flagship Verge TS Pro electric motorcycle at the EICMA motorcycle show in Milan, revealing a dramatically upgraded version of its best-selling model. And we’re here to see it firsthand.

The Verge TS Pro first hit the scene in 2022 as a futuristic, hubless-wheeled electric motorcycle packed with power and sleek styling. Now, the company is doubling down with a lighter, more refined, and more powerful version of the TS Pro that improves nearly every aspect of the bike’s design and performance.

At the heart of the upgrade is Verge’s eye-catching hubless Donut Motor 2.0. The patented motor still pumps out a massive 1,000 Nm of torque, but now weighs 50% less, contributing to a total motorcycle weight of 507 lbs (230 kg). That power translates to a 0–60 mph (0-96 km/h) time of 3.5 seconds.

Alongside the motor upgrade, Verge added a new 20.2 kWh battery that delivers up to 217 miles (350 km) of range and supports ultra-fast charging, adding 60 miles (96 km) of range in just 15 minutes. Verge says full charging takes under 35 minutes, and the bike now supports CCS fast charging in Europe and NACS in the US.

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Verge also introduced a series of rider-focused upgrades. The TS Pro now sports larger displays, an improved user interface, and better Bluetooth connectivity through its Verge HMI system. The riding posture has been made more ergonomic with a 25-degree angle adjustment, while suspension and damping tweaks promise a smoother ride.

Software takes center stage with the inclusion of Verge’s Starmatter platform, first launched in 2023. Starmatter combines AI, sensors, and OTA updates to tailor each ride and future-proof the bike for new features, no wrenching required.

The updated Verge TS Pro is available for reservation now via Verge’s website and US showrooms, with test rides starting in early 2026. Pricing information to be updated soon.

Electrek’s Take

Verge’s first hubless electric motorcycle took the internet by storm and launched a new style of design. Now the company is showing that its playbook of electric motorcycle innovation is still alive and well. Between the hubless motor tech, blazing-fast charging, and tech-forward design, the TS Pro feels both futuristic and realistic. Sure, it’s still limited in highway range like all electric motorcycles, but for mixed riding, that 20+ kWh pack is going to help alleviate range anxiety – and is twice as large as the pack in my LiveWire, for example.

This is one I’ll definitely be keeping an eye on.

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CNBC Daily Open: AI is carrying the weight of the U.S. market

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CNBC Daily Open: AI is carrying the weight of the U.S. market

CFOTO | Future Publishing | Getty Images

The “everything store” might have secured its biggest customer yet.

On Monday, Amazon announced that it had signed a $38 billion deal with OpenAI, offering the ChatGPT maker access to Amazon Web Services’ infrastructure.

On the one hand, the move isn’t too surprising — a continuation of OpenAI’s spending spree as it looks to secure resources to run its power-hungry artificial intelligence models.

On the other, OpenAI’s turn to Amazon shows that the firm is diversifying from its reliance on Microsoft, which had been its exclusive cloud services provider until this year. That could suggest OpenAI is getting ready for an initial public offering as it looks to signal “both independence and operational maturity,” as CNBC’s MacKenzie Sigalos writes.

Amazon shares surged on the news to close at a record high. Nvidia also had a positive day after Microsoft announced it was granted a license by the U.S. government to export the AI darling’s chips to the United Arab Emirates.

While Big Tech is attracting investor interest, the rest of the market has been rather lackluster.

Even as the S&P 500 and Nasdaq Composite rose on the back of the tech behemoths, more than 300 stocks in the broad-based index ended the day lower — a warning sign that only a narrow segment of the market is faring well.

What you need to know today

And finally…

Pensioners walk along the pier in Deal, UK, on Thursday, Oct. 3, 2024.

Bloomberg | Bloomberg | Getty Images

Cash-strapped governments are increasingly eyeing citizens’ retirement pots — and experts are sounding the alarm

As fiscal pressures deepen from aging populations and pandemic-era debt, governments are increasingly tapping into a tempting source of capital: citizens’ retirement savings.

The trouble starts when governments interfere and tell funds to invest too much at home, which breaks the delicate balance that fund managers have calculated between risk and reward, said Sébastien Betermier, executive director at the International Centre for Pension Management.

Lee Ying Shan

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BP beats third-quarter profit expectations on higher oil and gas production

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BP beats third-quarter profit expectations on higher oil and gas production

The BP logo is displayed on a petrol tanker delivering fuel at a petrol station in Shepton Mallet on October 20, 2025 in Somerset, England.

Anna Barclay | Getty Images News | Getty Images

British oil giant BP on Tuesday reported stronger-than-expected third-quarter profit as higher crude and gas production outweighed a weak oil trading result.

The London-listed oil and gas major posted underlying replacement cost profit, used as a proxy for net profit, of $2.21 billion for July-September period. That beat analyst expectations of $2.03 billion, according to an LSEG-compiled consensus.

BP’s third-quarter net profit came in at $2.3 billion last year and $2.35 billion in the second quarter of 2025.

“We’ve delivered another quarter of good performance across the business with operations continuing to run well,” BP CEO Murray Auchincloss said in a statement.

“We are looking to accelerate delivery of our plans, including undertaking a thorough review of our portfolio to drive simplification and targeting further improvements in cost performance and efficiency,” Auchincloss said.

The oil major’s third-quarter net debt came in at $26.05 billion, broadly flat from the previous quarter, although up from $24.27 billion a year earlier.

London-listed shares of BP rose 0.5% on Tuesday morning.

Some other third-quarter highlights included:

  • Operating cash flow came in at $7.8 billion, up from $6.3 billion three months ago.
  • BP said it expects divestment and other proceeds to be above $4 billion in 2025.

BP also announced another $750 million in share buybacks over the next three months, maintaining the pace of its shareholder returns, albeit at a reduced level from earlier in the year.

The results come just over eight months after the company launched a fundamental strategic reset.

BP, which has been the subject of intense takeover speculation, is looking to regain investor confidence by slashing renewable spending and prioritizing its traditional oil and gas business.

Investors appear to have broadly welcomed the oil and gas major’s green strategy U-turn, with share prices up more than 13% year-to-date. The improving sentiment has also been attributed to the firm’s leadership shake-up, progress on its cost-cutting program and a string of recent oil discoveries.

BP on Monday announced it had agreed to sell minority stakes in some of its U.S. onshore pipeline assets in the Permian and Eagle Ford basins to private investor Sixth Street for $1.5 billion. BP has previously said it is targeting $20 billion in divestments by the end of 2027.

Last week, British rival Shell reported stronger-than-expected third-quarter profit, citing robust operational performance and higher trading contributions.

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