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Urban cargo solutions and last-mile delivery are quickly undergoing rapid electrification. Since large delivery vans and trucks don’t work well in crowded cities, many operators are moving towards cargo e-bikes and scooters. But what happens when those solutions just aren’t big enough? Then you may want to check out the PNY Ponie, an electric cargo motorcycle designed for heavy hauling in tight spaces.

First and foremost, the PNY Ponie is designed for cargo duty and delivery applications. It can carry up to 120 kg (265 lb) of cargo and has 400 liters (14 cubic feet) of storage space on board. For comparison, a city car’s trunk often has around 300 liters or less of space.

You know those insulated food bags you often see delivery riders carrying on a bike? The PNY Ponie can carry three of them. It also has an optional hardcase storage trunk filling the entire center section of the frame – still leaving room for another insulated bag on the rear rack

But even though it is built for cargo, the Ponie is still a motorcycle in many regards. It can reach speeds of up to 100 km/h (62 mph) and has a range of up to 150 km (93 miles) on a single charge from its 6.7 kWh CATL battery. The Ponie uses a powerful 4,000 Watt continuous-rated rear hub motor, helping to free up even more space in the frame for storage.

The motorbikes feature ABS brakes, a CarPlay-ready 7-inch color screen, and include a glovebox with a USB port for charging electronics like the user’s phone.

pny ponie

To learn more about these impressive machines, I spoke to the company’s founder and CEO, Netzah Sadeh, earlier today at the 2023 EICMA Milan Motorcycle Show.

“They are ideal for situations where an e-bike or scooter isn’t enough, but a delivery van would be too much,” Sadeh explained. “We’re already working with postal services and supermarkets that deliver groceries.”

We’ve often seen cargo e-trikes and pedal cars used for urban delivery solutions, and those work great in slow-speed areas or where bike lanes are prevalent. But their top speeds of 15-20 mph (25-40 km/h) limit the areas they can safely operate. PNY’s vehicles, on the other hand, can travel up to 100 km/h (62 mph), meaning they can take shortcuts through urban highways and then cut back into dense urban centers, all with the same vehicle and cargo load.

In areas that allow lane splitting, like most rational countries do, these cargo motorcycles can carry as much as a car’s trunk, yet don’t get stuck in traffic like a car. Instead, they can simply slip past traffic to make more deliveries in less time and traverse a city faster.

The PNY Ponie 2, a two-wheeler version, has been homologated for use in Europe as an L3e class motorcycle for A1 license holders. The Ponie 3, a three-wheeled variant, is still undergoing testing. The Ponie 2 is now slated for production with deliveries likely to begin in Q2 2024.

What do you think? Would you like to see your groceries delivered on a Ponie? Or do you prefer your ice cream melted?

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Chevron sees no signs that U.S. is close to a recession, CEO says

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Chevron sees no signs that U.S. is close to a recession, CEO says

Chevron CEO Mike Wirth: No signs that we're in or close to a recession at this point

Chevron is not seeing signs that the U.S. is close to a recession even as President Donald Trump’s tariffs weigh on expectations for oil demand, CEO Mike Wirth said Tuesday.

“There’s no signs that we see at this point that we are in or close to a recession,” Wirth told CNBC’s “Squawk Box.” “There are signs that growth may be slowing and we have to always be prepared for that.”

The International Monetary Fund on Monday cut its growth outlook for the U.S. this year to 1.8%, down from 2.7% previously.

The oil market is expecting reduced demand as a consequence of Trump’s tariffs and the decision by OPEC+ increase production faster than expected, Wirth said. Chevron isn’t changing its capital spending plans in response to drop in prices, the CEO said.

U.S. crude oil prices have fallen about 11% since Trump announced his tariffs on April 2. West Texas Intermediate was last up about 72 cents at $63.80 per barrel. OPEC and the International Energy Agency have cut their demand outlooks for this year.

Wirth said U.S. onshore oil production in patches like the Permian Basin is likely to pull back if prices hit $60 per barrel. Offshore production likely won’t be affected, he said.

“That’s an area where if we were to be at a $60 price or even lower you’re likely to see activity pull back in this sector and you’ll see the production response over a few months,” Wirth said. “That’s what we should watch, not so much the deep water activity.”

Chevron is not expecting a major direct impact on its business from Trump’s tariffs as energy has largely been exempt from the levies, Wirth said.

“The effects that we feel are likely to be more the macroeconomic effects as they flow through the economy,” Wirth said. “The bigger issues would be what would it mean for growth, and global trade and how does that evolve.”

Executives at oil and gas companies were scathing in their criticism of Trump’s tariffs in an anonymous March survey by the Federal Reserve Bank of Dallas, warning that steel tariffs were raising their costs and low prices could impact their activity.

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Billionaire battle: Bezos’ $25K Slate EV breaks cover ahead of Tesla earnings call

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Billionaire battle: Bezos' K Slate EV breaks cover ahead of Tesla earnings call

Little is known about super-secretive EV startup Slate, but the fledgling brand is rumored to be backed by Jeff Bezos and determined to shake up the existing electric order with an affordable lineup of compact SUVs and pickups with that golden $25,000 price tag.

Now, at least, we know what it’s gonna look like. The battle of the billionaires is on!

Redditor jonjopop over at the spotted subreddit spotted what looks like an early prototype of an unbranded SUV with bizarre “CryShare” wrap. CryShare, as a concept, seems to combine the functionality of a ride sharing app like Uber or Lyft with the familiar (to parent, anyway) idea that small babies will often sleep better in a moving car than in their own cribs … but that’s not what’s important here.

Instead, focus on the vehicle itself – parked on Abbot Kinney Boulevard in Los Angeles without explanation or fanfare, this is our best look yet at the kind of vehicle(s) Slate is likely to reveal in the coming days.

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Stumbled upon the Bezosmobile [Slate Automotive…idk?] being revealed with an absolutely bizarre marketing campaign
byu/jonjopop inspotted

Other local automotive journalists caught wind of the public unveiling, too – and our friends at The Autopian (Hi, Matt!) sent their own David Tracy out on the streets of LA to check it out. Tracy took the following video and posted it to Instagram.

The Slate breaking cover and causing buzz just ahead of what’s sure to be a painful Q1 earnings call for Tesla is a masterstroke of marketing – especially as doubts surrounding the viability of a “less expensive” Tesla Model Y or Model 3 continue to mount amid the uncertainty of Trump’s tariffs and declining sales of the brand’s more profitable models both at home and abroad.

As with so much involving Slate, however, there is nothing here written in stone – or even cast in cheese. Nothing has been announced, nothing is promised, and for all we know this might have more to do with the affordable Rivian brand launch, a new BYD, or be a viral marketing bit from some local Art Center design student in (relatively) nearby Pasadena. In fact, about the only thing I think we can say about Bezos (?) new Slate project with confidence today is this: Elon could probably use that drink.

SOURCES | IMAGES: Reddit, The Autopian.


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Gold tops $3,500 an ounce as Trump attack on Fed shakes confidence in U.S.

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Gold tops ,500 an ounce as Trump attack on Fed shakes confidence in U.S.

Gold prices rebounded on Tuesday from a near four-week low reached in the previous session, as heightened concerns over the global trade war between the United States and its key trading partners lifted investor appetite for safe-haven assets.

Chris Ratcliffe | Bloomberg | Getty Images

Gold prices rallied Tuesday, hitting a record as President Donald Trump‘s repeated threats against the Federal Reserve’s independence have shaken investors and undermined confidence in the U.S.

Gold futures hit a session high of $3,509.90 per ounce Tuesday, after closing at a record $3,425.30 on Monday. The precious metal was last up 1.1% at $3,463.20. Gold has rallied about 31% since the start of the year and more than 9% since Trump announced sweeping tariffs on April 2.

Trump ratcheted up his public pressure campaign against Federal Reserve Chairman Jerome Powell on Monday, demanding he immediately lower interest rates and attacking him as a “major loser.” Equity markets sold off in response, with the Dow Jones Industrial Average falling more than 970 points.

Gold is viewed as a safe-haven asset in times of economic uncertainty. Central banks around the world have been adding to their gold reserves, supporting the precious metal’s rally this year.

“Gold has continued to serve as an effective hedge amid ongoing trade uncertainty,” analysts led by Mark Haefele, global wealth management chief Investment officer at UBS, told clients in a Tuesday note.

“Despite this strong performance, we see further upside potential,” Haefele said. “We continue to see support from investment demand, ongoing central bank diversification and a volatile macro backdrop.”

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