How KYMCO hopes to change the game for swappable battery EVs
KYMCO, one of the world’s leading motorcycle, scooter, and ATV manufacturers, has just announced a major new expansion to the brand’s Ionex platform for swappable battery electric vehicles.
We’ve watched over the years as KYMCO has expanded its Ionex system, pushing out thousands of battery swap kiosks around its domestic market in Taiwan and producing a wide range of compatible electric scooters.
Similar to other major battery-swapping companies, Ionex has operated under a membership platform that allows riders to buy the electric scooter and then pay for battery swapping as a service instead of buying the batteries outright.
Batteries are usually the single most expensive component in an electric vehicle, so this setup helps dramatically reduce the purchase cost of EVs.
Battery swapping has been a tough sell on full-size electric cars but has been proven effective on smaller EVs like motorbikes since the batteries can be lifted and swapped by hand.
Now KYMCO is making a big announcement, showcasing its plan to impact the battery-swapping market with an expansion of its Ionex offerings. Or more accurately, it’s making three announcements – all of which we were able to see firsthand at the 2023 EICMA Milan Motorcycle Show last week.
Check out my experience of seeing KYMCO’s updates firsthand in the video below.
The first major announcement is the launch of “Ionex Battery-as-a-Service Solution” for energy companies that want to offer battery-as-a-service (BaaS) for customers.
The second is the development of a Battery Metering Unit (BMU) that will allow third-party vehicle manufacturers to manufacture EVs that are powered by the Ionex Common Battery, the main battery developed by KYMCO for its Ionex platform.
The third major announcement is the opening of the Ionex Energy Station, the swapping kiosk at the heart of the battery swap model, as a solution for third-party network operators.
Ionex Battery-as-a-Service Solution
KYMCO is opening up its system to allow energy companies to offer Battery-as-a-Service operations using the Ionex Common Battery and the Ionex Operating System.
The batteries themselves have already performed millions of swaps in the field, mostly in KYMCO’s domestic market of Taiwan, and the company says it’s now ready for energy companies to adopt the system.
Energy companies can theoretically outfit their existing locations, such as gas stations, with the ability to swap and charge batteries as well as offering vehicle charging from the same kiosk.
“The Ionex Battery-as-a-Service not only accelerates EV adoption but also re-defines the industry,” commented Ken Ma, President of MEV at Ampace, a joint venture of ATL and CATL. “The Ionex Battery-as-a-Service allows energy companies to focus on developing and supplying batteries with the best technology for all-electric motorcycle riders,” commented Vincent Wong, Senior Vice President of EVE Energy.
Ionex Battery Metering Unit for manufacturers
The newly unveiled Ionex Battery Metering Unit (BMU) is the brains of the operation that will make it easy for third-party OEMs to produce electric scooters and motorcycles that are powered by Ionex batteries.
The BMU is essentially a black box that holds all the magic inside, allowing other manufacturers to reduce their vehicle development time by relying on Ionex’s technology for powering the vehicles.
As the company explained, the BMU accurately tracks real-time battery usage and “comes with an Internet of Vehicles (IoV) control interface, allowing the vehicle to connect with the rider through the Ionex User App for abundant smart vehicle features and turning the rider’s mobile phone into the vehicle’s keyless device. It is also equipped with Over-The-Air (OTA) firmware updates and financial-grade encrypted data transmission, all the advanced digital technologies expected in the electric era.”
Ionex Energy Stations ready to roll out
The Ionex Energy Station is the company’s battery-swapping kiosk that is capable of charging and deploying batteries for swapping as well as electric vehicle charging. The system is cloud-connected and comes in various sizes, even down to mini-stations with just five battery slots.
The stations can be used with any BMU-equipped electric vehicle, opening the door to a wide range of EVs operating on the Ionex platform.
Earlier this summer we heard early details regarding KYMCO’s partnership with PTT, a massive Thai energy company, that is seeing Ionex stations rolled out in Thailand.
As Managing Director of Arun Plus, the EV ecosystem flagship of PTT, Ekachai Yimsakul explained:
“The Ionex Energy Station is a turnkey solution to build battery-swapping networks for electric motorcycle riders. It plays a crucially important role in our pursuit of becoming the leading global energy provider in the electric era.”
KYMCO of course isn’t the only battery-swapping game in town, but the company has made major strides in the last few years. With an increasing customer base and country list, Ionex is definitely a platform to keep an eye on.
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A dozen Tesla vehicles burned at a store in Toulouse, France. Arson is suspected amid global protests and vandalism attacks against Tesla and Elon Musk.
Last night, a dozen Tesla vehicles burned down at Tesla’s retail and service location in Plaisance-du-Touch near Toulouse, France.
Firefighters arrived on the scene at around 4 a.m. and contained the fire to the vehicles. Eight of them were completely destroyed, and four were greatly damaged. The damages are estimated at over 700,000 euros.
According to the local news (translated from French), the police suspected arson as a hole was found in a fence, and threats had been made over the last few weeks. The Tesla location remained closed all day.
Tesla is currently being protested by anti-fascist groups around the world, especially in the US, where many are targeting Tesla to protest against Elon Musk’s involvement in the US government.
In France, there were a few protests planned, but some extremist groups are calling for widespread arson against Tesla stores:
I won’t share the link to the article since it gives step-by-step instructions on how to burn down Tesla stores without getting caught, but the manifesto explains that they are going after Tesla as a “symbol of capitalism,” although they also list a dozen other reasons including the fact that they think it’s “doable and cheap.”
Electrek’s Take
This is getting nuts. It’s not only dangerous, but it’s also not super effective in achieving the goal they claim to want to achieve.
Have they never heard of insurance? Tesla is having issues selling cars right now. You are burning unsold inventory that they can then claim to their insurance.
Sure, it disrupts their operations for a short period of time, but it’s not worth it.
Their manifesto does say to avoid violence and not to target vehicles owned by individuals – though it doesn’t sound like a strict rule for them, but I think these people are likely going to end up in jail for having achieved nothing.
The protests and boycotts are going strong. You don’t need to burn cars to make yourself heard.
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Environment
Ford F-150 Lightning sales have been falling for months: What’s going on with the EV pickup?
Is Ford’s electric pickup in trouble? Sales have been down for months, and February showed no relief. What’s going on with the Ford F-150 Lightning?
Ford F-150 Lightning sales drop again in February 2025
Ford’s US sales dropped by 9% last month. Although electrified vehicles, including EVs and hybrids, both notched double-digit growth, sales of Ford’s gas-powered (ICE) models, which accounted for over 85% of deliveries, fell nearly 13%.
Hybrids saw higher demand with sales up 27.5% to 15,357, while EV sales increased 15% to 7,326. The Mustang Mach-E was a bright spot with 3,312 models sold in February, up 13% from the prior year.
With 6,841 Mach-Es sold through the first three months of 2025, Ford’s electric crossover SUV remains a top-selling EV in the US.
Ford’s electric pickup didn’t fare as well. F-150 Lightning Sales were down nearly 15% last month with only 2,199 units sold. Through March, Ford has sold 15% fewer Lightning models than it did at this time last year.
Sales of the electric pickup have been slipping for months now. In the final three months of 2024, F-150 Lightning sales were down 10%.
The Lightning, alongside Rivian’s R1T, are no longer the only electric pickups on the market. Ford is facing new competition with the Tesla Cybertruck, Chevy Silverado EV, and GMC Sierra EV, arriving.
According to Cox Automotive, the Tesla Cybertruck slipped past the Lightning to become the fifth best-selling EV in the US last year with nearly 39,000 units sold. Ford’s Lightning was sixth with just over 33,500 models sold.
Ford extended its “Power Promise” promo earlier this year to boost demand, giving EV buyers a Level 2 home charger and other benefits, but Lightning sales are still down.
The American automaker cut Lightning production at its Rouge Electric Vehicle Center last year, citing slower-than-expected demand. A new report from Automotive News claims Ford is now ending a pilot program to stock and distribute EVs through regional hubs after it failed to catch on. It was designed to speed up deliveries.
Although Ford plans to launch a smaller midsize electric pickup, it won’t arrive until at least two more years. With new competition, like the Ram 1500 REV and Volkswagen Scout pickup, hitting the market over the next few years, Ford may find it even harder to attract buyers.
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Costco’s Auto Program recently introduced some new member-only incentives, and the 2025 Volvo EX90 BEV is now on its list.
Volvo is offering Costco Executive Members $2,000 off the 2025 EX90. Costco Gold Star and Business members are eligible for $1,500 off. The incentives are available on all versions of the Volvo EX90 for members who purchase or lease from February 24 to April 30, 2025. It’s the only non-GM EV that’s that’s eligible for an incentive through the EV program.
The offer is compatible with A-Plan pricing for employees, as well as Affinity Pricing for teachers and first responders. Costco members will have had to have been members as of February 23 and be the primary members on the Costco account to qualify.
However, CarsDirect gave the heads up on how buyers can get up to $10,000 off the EX90’s MSRP. As we stated, if you’re a Costco Executive Member, that’s $2,000 off. Then, add the $7,500 EV Lease Allowance and a $500 loyalty discount on leases if you currently own or lease a Volvo or have owned or leased a Volvo within the past six months.
With the destination fee included, the base EX90 MSRP starts at $81,290, so that brings it down to $71,290, a more than 12% discount, a pretty good deal.
The 2025 AWD Volvo EX90, which can seat seven passengers comfortably, has a range of up to 310 miles and is NACS-compatible. It has a 510 hp engine, 110 kWh battery capacity, and can go from 0-60 mph in 4.7 seconds.
Read more: Review: Volvo EX90 is a smooth AWD 7-seat luxury kid-hauler
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