UAW reaches deal with GM, ending auto strike with big win for workers
The last domino has fallen, with UAW and GM reaching a deal to end the auto industry strike. Now, tentative deals have been met with all three auto companies, which means the strike is over.
The deal has not yet been confirmed by either GM or UAW, but it was first reported by Bloomberg and has been widely reported since. It comes just two days after GM workers walked out of the Cadillac Lyriq plant at Spring Hill Assembly in Tennessee.
As a result, we have even fewer details than with the last deals with Ford and Stellantis. In both of those cases, UAW posted a video going over some details of the deal, but in this case, they have not yet posted a similar video.
Bloomberg reports that the deal is “broadly similar” to the first two deals. GM has the most unionized workers of the Big Three, and retirement benefits were particularly in focus, so we’ll have to see what other specifics come out of that deal when it’s revealed.
But the basic details likely include a 25% increase in pay for all workers – which is a larger raise than all combined wage raises between 2001-2022 – plus cost-of-living adjustments. These cost-of-living adjustments used to be part of union contracts but were given up during the economic downturn, which started in 2008 and took until now for the workers to get back.
One unique part of the GM deal that we already know about is that GM has agreed to bring all US GM joint-venture battery plants under the union master agreement. This represented a “leapfrog” in negotiations from GM, putting the company in front of others in terms of their offer to UAW, but then GM ended up being the last to come to a final agreement.
And batteries were an important win for UAW because in discussions over this strike, interviewers have repeatedly tried to get UAW President Shawn Fain to badmouth electric vehicles and blame them for wage or job problems, but Fain has never taken the bait. Instead, he has always insisted that the UAW is looking for a “just transition” to electric vehicles that ensures workers still get treated fairly as the industry is upended.
Previously, battery workers had been paid significantly less than other manufacturing workers, though UAW had made progress on that front even before the strike began.
The deal with Stellantis also included a boost to electric vehicles. UAW got Stellantis to promise to reopen a shuttered plant in Belvidere, Illinois, and further to commit to building a new battery factory at the same site, which should add approximately 1,000 battery jobs that previously had not been planned.
While we don’t know the details of this deal yet, the process to approve it is likely to be the same. The deal needs to be finalized by union leadership, who will then present it to all union members by publishing it online and via Facebook livestream. Then meetings will be held, and the deal will be voted on by each local chapter.
But, in previous deals, UAW has directed workers to go back to work right away once the tentative agreement has been reached in a show of good faith that everyone wants to end this strike quickly. Leadership is confident that these deals are good enough that they will be ratified by members when the time comes and that everyone is eager to get back to work.
Unions have been having a bit of a moment in the US in the last couple of years as frustrated workers have started demanding more. The US has seen upticks in union membership, strike activity, and union popularity, with unions reaching their highest approval rating since polls began in 1965.
Several successful strikes have happened across the US economy, and UAW seems to want to bring this momentum forward into the future. To this end, UAW has invited other unions in America to align contract expirations around the same time frame, so as to inspire broader labor action.
The contracts UAW negotiated are expected to last 4.5 years until April 30, 2028. This is the day before May Day, also known as International Workers’ Day, a day that commemorates the early labor movement in the US, but is more celebrated overseas than it is here. It seems clear that UAW is targeting much bigger labor action across the economy in the future.
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OpenAI is distancing itself from Robinhood‘s latest crypto push after the trading platform began offering tokenized shares of OpenAI and SpaceX to users in Europe.
“These ‘OpenAI tokens’ are not OpenAI equity,” OpenAI wrote on X. “We did not partner with Robinhood, were not involved in this, and do not endorse it.”
The company said that “any transfer of OpenAI equity requires our approval — we did not approve any transfer,” and warned users to “please be careful.”
Robinhood announced the launch Monday from Cannes, France, as part of a broader product showcase focused on tokenized equities, staking, and a new blockchain infrastructure play. The company’s stock surged above $100 to hit a new all-time high following the news.
“These tokens give retail investors indirect exposure to private markets, opening up access, and are enabled by Robinhood’s ownership stake in a special purpose vehicle,” a Robinhood spokesperson said in response to the OpenAI post.
Robinhood offered 5 euros worth of OpenAI and SpaceX tokens to eligible EU users who signed up to trade stock tokens by July 7. The assets are issued under the EU’s looser investor restrictions via Robinhood’s crypto platform.
“This is about expanding access,” said Johann Kerbrat, Robinhood’s SVP and GM of crypto. “The goal with tokenization is to let anyone participate in this economy.”
The episode highlights the dynamic between crypto platforms seeking to democratize access to financial products and the companies whose names and equity are being represented on-chain
U.S. users cannot access these tokens due to regulatory restrictions.
Despite the warnings, BYD continues introducing new discounts. On Wednesday, BYD’s luxury off-road brand began offering over 50% Huawei’s smart driving tech.
BYD introduces new discounts on smart driving tech
After BYD cut prices again in May, the China Automobile Manufacturers Association (CAMA) warned that the ultra-low prices are “triggering a new round of price war panic.”
Although they didn’t single out BYD, it was pretty obvious. BYD slashed prices across 22 of its vehicles by up to 34%, triggering several automakers to follow suit in China.
BYD’s cheapest EV, the Seagull, typically starts at about $10,000 (66,800 yuan). After the price cuts, the Seagull is listed at under $8,000 (55,800 yuan).
It doesn’t look like China’s EV leader plans to slow down anytime soon. Fang Cheng Bao, BYD’s luxury off-road brand, introduced new discounts on Huawei’s smart driving tech on Wednesday.
The limited-time offer cuts the price of Huawei’s Qiankun Intelligent Driving High-end Function Package to just 12,000 yuan ($1,700).
Buyers who order the smart driving tech in July will save over 50% compared to its typical price of 32,000 yuan ($4,500).
Earlier this year, Fang Chang Bao launched the Tai 3, its most affordable vehicle, starting at 139,800 yuan ($19,300). The Tai 3 is about the size of the Tesla Model Y, but costs about half as much.
The Tai 3 will spearhead a new sub-brand of electric SUVs following the more premium Bao 8 and Bao 5 hybrid SUVs.
BYD’s luxury off-road brand sold 18,903 vehicles last month, up 50% from May and 605% compared to last year. Fang Cheng Bao has now sold over 10,000 vehicles for three consecutive months.
The Chinese EV giant sold 382,585 vehicles in total in June, an increase of 12% from last year. In the first half of the year, BYD’s cumulative sales reached over 2.1 million, a YOY increase of 33%.
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Every year, it seems like there’s a new headline about the world’s lightest electric bike. Each year, engineers manage to shave a few more grams off of an exotically designed frame built with even more exotic materials. And each year, the continuously lower weight is balanced by continuously higher prices – often exorbitantly high. But now Dahon has bucked that trend, offering us an incredibly lightweight electric bike at a price that normal e-bike riders can afford. Meet the Dahon K-Feather.
To put things in perspective, some of the previous lightest electric bicycles have included the 11.8 kg (26 lb) LeMond Prolog at US $4,500, the 11.75 kg (12.59 lb) Trek Domane+ SLR at US $8,999, and the 10 kg (22 lb) Hummingbird Flax folding e-bike at US $6,050.
So with that in mind, please allow me to introduce you to the new Dahon K-Feather. This is a 12 kg (26.5 kg) folding electric bike priced at an incredibly reasonable US $1,199 in North America or €1,499 in Europe.
Sure, it’s not the absolute lightest folding e-bike we’ve ever seen, but it’s 90% of the way there and at a quarter of the price. Plus, it comes from Dahon, which is one of the most respected names in the folding bike world and is largely credited with paving the way for the booming folding bike industry we see today. Since the 1980s, Dahon’s innovative designs have been imitated around the world, yet the folding bike maker has continued to innovate and stay several steps ahead of competing brands.
The K-feather achieves its extra low weight through the combination of a novel frame design employing Dahon’s patented frame designs, including the company’s DELTECH technology and “super down tube,” which help improve rigidity and robustness while reducing weight.
The electrical system on the K-Feather is also a featherweight, keeping the e-bike largely in the last-mile category. While the battery claims a maximum range of up to 24.8 miles (40 km), real-world riding and hilly terrain could reduce that range. Still, clever designs like a system that automatically shuts off the extra motor power when detecting a downhill segment help to eke out more range from the small 24V and 5Ah battery.
The ultra-lightweight 250W hub motor also offers just 32 Nm of torque, meaning the assist is more of a helpful push than a powerful shove. But with the inclusion of a torque sensor for the pedal assist, that push comes on quickly and reliably, making the bike feel more like a traditional analog bike being pedaled by someone with extra strong legs.
With 16″ dual-wall rims and 14g spokes, this isn’t the heavy fat tire folding e-bikes we’re used to in North America, and the capacity reflects that. The K-Feather is rated to support riders weighing up to 105 kg (231 lb), though the highly adjustable seating position can support a range of rider heights from 145 to 190.5 cm (4’9″ to 6’3″).
Coming in six colorways, the Dahon K-feather folding e-bike is now available in the US and has launched for pre-order in Europe, with shipments there expected in September.
I had a bit of a preview of the K-feather on my last trip to China when I was able to visit Dahon’s headquarters and test ride the bike.
I still can’t believe how light it felt, both underneath me and while folding it up and carrying it around. Be on the lookout for that full experience from my trip, coming soon.
Electrek’s Take
The K-Feather represents a compelling milestone not just for Dahon, but for the entire folding e-bike market. By delivering a truly lightweight, compact, and fully electric folder at an impressively affordable price point, Dahon has made minimalist e-mobility more accessible than ever.
It’s not just a bike for die-hard lightweight e-bike connoisseurs; it’s a real-world solution for commuters, travelers, and apartment dwellers who want the freedom of electric assist without the bulk or the sticker shock. If the goal is to get more people on two wheels, the K-Feather might just be one of the most important steps forward yet.
Coming in at less than half the weight of most folding e-bikes, and still a fraction of most lighter-duty folders, the K-Feather’s modest performance makes it a great urban ride for those who favor compact size and light weight. In fact, I think it might be perfect for my mother-in-law, who needs an e-bike to get to and from the train she takes to work, but also needs it to be light enough to carry up to her second-story apartment. Hmmm, perhaps I should have her do a review for us…
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