This startup wants to turn your classic car into an EV using scrapped Tesla batteries
Want to enjoy the silent, emissions-free ride of an EV with your 1974 Ford Bronco? Arc Motor Company, an Ontario-based green tech startup, aims to turn your classic car into an EV using scrapped Tesla batteries, starting at $75,000.
Founded by Sloane Paul, the first woman in North America to create a business of this kind is out to provide better performance while contributing to a net-zero emissions future.
Before Arc, Paul was the global performance marketing lead at Microsoft. She has over 15 years of experience with major tech and engineering companies like Dyson.
“When you electrify a car, you’re not only just making a better driving machine and more enjoyable and reducing the tailpipe emissions, but you’re also reducing the amount of waste that goes into the landfill there scrapyard,” Paul explained.
The startup is reportedly the first to complete an EV conversion of a first-gen 1974 Ford Bronco. As ARC COO and engineer Tom Chep explained, it “packs plenty of punch.”
The Ford Bronco EV has two electric motors, doubling the hp and torque of the original gas-powered version.
Startup builds ’74 Ford Bronco EV using Tesla batteries
Although you probably won’t need all that power, “it goes to show what the capabilities are.” Chep holds a P.Eng. with a specialty in electrical engineering. He also has ten years of engineering leadership experience, having worked with companies like Rolls Royce and Toyota, to name a few.
Since you can’t just swap out the Bronco’s 5.0-liter engine, the company had to get creative. Arc says most of the powertrain is from scrapped or salvaged Tesla Model S’s.
Chep sources used Tesla battery modules from a wrecker specializing in recovering battery components. Then, he uses them to build his own battery.
When all’s said and done, the Bronco includes 15 of the 16 battery modules that powered the original Model S. The battery pack is stored in the engine bay encased in a hand-built steel box (pictured above). With 75 kWh of energy, the old Ford is good for about 320 km (199 mi) range.
Although this is a far cry from modern-day EVs, most with over 300 miles range, it is more of a day tripper anyway.
The two electric motors crank out 260 hp and 346 lb-ft of torque, nearly doubling the original Bronco’s 120 hp and 243 lb-ft of torque.
The best part — the tech is transferable. If you have a classic car, Arc should be able to electrify it. According to Chep and Paul, another big project they are considering is a “monstrous Power Wagon.”
Arc’s electric conversions start at $75,000. The company says that as parts and battery prices come down over time, they hope to offer conversions for less.
Once the parts are in, a conversion will take 2-3 months. Arc says to add another 4-8 weeks into your timeline for shipping and parts. You can learn more about Arc Motors on their website.
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Here we compare the specs of the new Tesla Model Y (Chinese version) to the newly unveiled Xiaomi YU7, a vehicle dubbed the ‘Tesla killer’.
For years, we laughed at people using the term ‘Tesla killer’ for new electric vehicles. To this day, even as Tesla’s sales are declining, it’s a bit dumb to use the term since no single EV is going to “kill” Tesla.
However, there’s one that is as close to do it as we have seen so far.
Earlier this year, we reported on how Xiaomi’s first electric vehicle, the SU7, had a major negative impact on Tesla’s Model 3 sales in China.
At the time, we reported that the bigger concern for Tesla was that the Chinese electronics giant was now planning to launch a new EV, the YU7, aimed at competing against Tesla’s popular Model Y.
The Xiaomi YU7 was unveiled today, and we can now provide a side-by-side specs comparison that highlights Tesla’s problem in China.
Tesla Model Y vs Xiaomi YU7
The only thing that is missing about the YU7 as of the time of writing is the price, but it is expected to be very similar to Model Y and even likely to undercut by a bit.
| Specs | Tesla Model Y RWD | Tesla Model Y Long Range AWD | Xiaomi YU7 Standard (RWD) | Xiaomi YU7 Pro (AWD) | Xiaomi YU7 Max (AWD) |
|---|---|---|---|---|---|
| Launch Date | January 2025 | January 2025 | July 2025 (expected) | July 2025 (expected) | July 2025 (expected) |
| Price (CNY) | ¥263,500 | ¥303,500 | ~¥250,000 (est.) | Not announced | Not announced |
| Price (USD) | ~$36,600 | ~$42,200 | ~$34,700 (est.) | Not announced | Not announced |
| Dimensions (L x W x H) | 4,797 x 1,920 x 1,624 mm | 4,797 x 1,920 x 1,624 mm | 4,999 x 1,996 x 1,600 mm | 4,999 x 1,996 x 1,600 mm | 4,999 x 1,996 x 1,600 mm |
| Wheelbase | 2,890 mm | 2,890 mm | 3,000 mm | 3,000 mm | 3,000 mm |
| Weight | 1,921 kg | 1,992 kg | Not specified | 2,405 kg | 2,405 kg |
| Powertrain | Single motor RWD | Dual motor AWD | Single motor RWD | Dual motor AWD | Dual motor AWD |
| Power Output | Not specified (est. 200-250 kW) | Not specified (est. 350-400 kW) | 235 kW (315 hp) | 508 kW (681 hp) | 508 kW (681 hp) |
| 0-100 km/h | 5.9 s | 4.3 s | 5.8 s | 4.3 s | ~3.2 s |
| Top Speed | 201 km/h | 201 km/h | 240 km/h | 253 km/h | 253 km/h |
| Battery Type | LFP | NMC | LFP | LFP | Li-ion ternary (CATL) |
| Battery Capacity | ~62.5 kWh | ~80 kWh | 96.3 kWh | 96.3 kWh | ~101.7 kWh |
| Range (CLTC) | 593 km | 719 km | 835 km | 750 km | 760 km |
| Charging Architecture | 400V | 400V | 800V | 800V | 800V |
| Seating Capacity | 5 (7 optional) | 5 (7 optional) | 5 | 5 | 5 |
| Key Features | – Updated design – Rear seat touchscreen – FSD-capable | – Same as RWD – Higher performance | – Panoramic HUD – HyperOS – Larger cabin | – Same as Standard – Higher performance | – Top-tier performance – Premium interior (assumed) |
| Autonomous Driving | FSD with AI4 computer | FSD with AI4 computer | Nvidia Thor chip (700 TOPS) | Nvidia Thor chip (700 TOPS) | Nvidia Thor chip (700 TOPS) |
These specs show that the vehicles are extremely similar. The main difference is that Xiaomi packs a lot more batteries into the YU7 than Tesla puts into the Model Y, resulting in a significant difference in range.
To be fair to Tesla, it still dominates in efficiency as it does more with fewer batteries, which is an important skill to have. However, most customers don’t care about that and want a longer range. They don’t care how you make it happen.
Another big difference is the design.
As we previously reported, the Tesla Model Y design refresh looks similar to other Chinese EVs.
Based on the online reception, the Model Y is viewed as having a more tired design that is not as luxurious as the YU7.
That’s particularly true of the exteriors.
It’s a similar situation in the interior, but Xiaomi also outshines Tesla here with more technology, like display along the dash:
Both vehicles feature a large center display where most of the controls are located.
Electrek’s Take
I think Tesla is in trouble in China. The competition is impressive and there are vehicles that clearly directly target Model Y, Tesla’s bread and butter, and there’s no better example than this one.
The only thing missing is pricing, but if it’s priced as expected, which is like the SU7 to the Model 3, it will make it a no-brainer for most buyers.
Also, Xiaomi often gets mentioned as a ‘Tesla killer’ because the vehicles are not only ultra competitive with Tesla, but it is also producing them in high volumes.
SU7 outsold the Model 3 within a year of launching. The YU7 is coming to market within the next 2 months, and it should reach impressive volumes that are going to put pressure on Tesla’s Model Y sales by the end of the year.
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Environment
Top $TRUMP holders head to crypto dinner with president that Democrats call ‘orgy of corruption’
Jonathan Raa | Nurphoto | Getty Images
Nick Pinto is a marketing director at his family’s law firm in New Jersey. He’s also a crypto trader who spent enough money on Donald Trump’s meme coin to win a spot at a private black-tie dinner with the president scheduled for Thursday night.
“I was kind of early in bitcoin and ethereum, so I’ve always been trading crypto,” said the 25-year-old Pinto, who claims he finished number 72 on the leaderboard for the token contest. “Once I saw the announcement that Trump was releasing a coin, I immediately started to purchase it.”
Pinto said in an interview that he spent half a million dollars on the $TRUMP meme token in order to attend the dinner, which is being held at President Trump’s private golf club in Potomac Falls, Virginia, near Washington, D.C. Pinto shared screenshots with CNBC that appear to back up his claim.
The $TRUMP coin, which has no attached asset or underlying value, was launched just ahead of the president’s inauguration in January and has drawn heavy scrutiny from Democratic lawmakers who say President Trump is profiting from his position of power.
The dinner was announced last month and promised to reward the top 220 token owners with “the most exclusive invitation in the world.” The top 25 finishers were also told they would get a private reception with the president, as well as a “special VIP tour.”
Democratic senators called the competition a blatant example of “‘pay to play’ corruption” — the coin jumped 50% after the dinner announcement. Earlier this week, the Senate advanced a Trump-backed crypto regulation bill called the GENIUS Act after getting enough Democratic support to clear a potential filibuster.
Guests for Thursday night’s dinner were required to complete a background check, according to a copy of the invitation viewed by CNBC. Attendees were instructed not to arrive before 5:30 p.m., with the dinner starting at 7 p.m. and expected to last three hours.
Pinto doesn’t know what his investment in $TRUMP will get him other than the dinner. He said he thinks the tokens will be usable in a digital Trump golf game that was announced in December and is expected to launch next month, according to a press release.
“There’s a few things that I want to ask him,” Pinto said. “I definitely want to find out if he’s going to want to use this coin in the game. That’s probably my top question, because not many people know about that game.”
The Trump coin team didn’t immediately respond to a request for comment.
Because crypto wallets are pseudonymous, most participants in the competition appeared only as three- to four-letter usernames linked to cryptographic wallet addresses. Many of the winners are tied to international exchanges, according to blockchain analytics firm Inca Digital, raising concern that non-Americans may be paying for the opportunity to try and influence the U.S. president.
While Pinto is going public about his participation, most of the identities tied to top wallets are unknown. Blockchain data shows that a majority of the top entrants used offshore exchanges barred to U.S. residents. An analysis by Bloomberg revealed that 19 of the top 25 wallets, and more than half of the top 220, are almost certainly owned by individuals operating outside the U.S.
The competition drew an estimated $148 million in purchases from supporters around the world, a massive fundraising haul for a digital asset launched just months ago. Among those attending is Justin Sun, the Chinese-born founder of the TRON blockchain, who confirmed this week that he is the contest’s top-ranked investor.
At current prices, Sun’s stake in $TRUMP is now worth more than $20 million. Sun was also one of the first major backers of World Liberty Financial, the Trump family’s crypto venture, buying at least $75 million of its native token “WLFI.”
In 2023, U.S. regulators accused Sun of illegally selling unregistered securities and artificially inflating token prices. A month into Trump’s second White House term, a federal court filing showed the SEC was in settlement talks with Sun to resolve the civil fraud charges.
Final leaderboard
MemeCore, a Singapore-based crypto network that was vocal in its quest to secure a spot at the Trump dinner, landed in second place with an investment of around $19.7 million, according to a post on X that the company later deleted. MemeCore didn’t immediately respond to a request for comment.
Some buyers didn’t make the cut.
Freight Technologies, a Houston-based logistics company, said it spent $2 million on $TRUMP tokens as part of what it called a strategic push to “champion fair and free trade” across the U.S.-Mexico border. The company still finished in 250th place. Freight trades on the Nasdaq as a penny stock and has a market cap of about $6.5 million.
The final leaderboard was calculated using a time-weighted formula that factored in both the size and duration of each participant’s holdings. That means early buyers who held onto their tokens consistently, like Pinto, could outrank bigger last-minute spenders.
Investors in $TRUMP, like with other meme coins, have to be prepared for big ups and downs.
Immediately after its launch in January, the Trump coin spiked to a $15 billion market cap before crashing within days. It’s currently worth about $2.1 billion.
That volatility has created stark winners and losers. Blockchain data shows that more than $5.2 billion in profits flowed to the top wallets, while over 590,000 wallets — mostly small retail traders — collectively lost nearly $4 billion.
Since January, more than $324 million in trading fees have been routed to wallets tied to the project’s creators, according to Chainalysis. The token’s code automatically directs a cut of each transaction to these addresses, allowing the team to profit from ongoing activity. The blockchain analytics firm stopped tracking the president’s meme token about two weeks ago, citing a need to refocus resources on paying clients.
The Trump family has reaped enormous financial benefit. Roughly 75% of proceeds from World Liberty Financial and more than 80% of profits from the meme coin have gone directly to the Trump Organization and affiliated entities. The project has also generated hundreds of millions of dollars in trading fees.
Senator Chris Murphy, D-Conn., has introduced legislation that would ban sitting presidents from profiting off meme coins while in office.
In a press conference hours before the dinner, Murphy warned that “just because the corruption is playing out in public where everybody can see, it doesn’t mean that it isn’t rampant, rapacious corruption.” He called tonight’s event “maybe the most corrupt, of all of the corruption.”
Sen. Elizabeth Warren, D-Mass., went further, describing the gathering as “an orgy of corruption” and accusing Trump of using the presidency “to make himself richer through crypto.” She called for changes to the GENIUS Act that would bar any president from profiting off stablecoin ventures.
With Republicans in control of both chambers of Congress, Democrats have limited ability to force action.
In response to CNBC’s questions about the dinner, Deputy White House Press Secretary Anna Kelly said, “The president is working to secure good deals for the American people, not for himself,” adding that he “only acts in the best interests of the American public.”
Pinto, who paid $500,000 for his invitation and still holds most of his tokens, said the risk is worth it.
“I didn’t put in more than I’m willing to lose,” he said. “I’m fine if it goes to zero.”
WATCH: Bitcoin surges to new record high above $111,000: CNBC Crypto World
California and 16 other states have sued the government for illegally withholding $5 billion in funds that Congress earmarked for EV charging, calling the action “another trump gift to China.”
Update, May 22: After the initial lawsuit was filed on May 7th, a number of nonprofits including Sierra Club, Earthjustice, NRDC, Southern Environmental Law Center, and Plug in America joined the lawsuit today. Also, the Government Accountability Office determined today that the seizure of funds was illegal.
The federal NEVI (National Electric Vehicle Infrastructure) program was established by the Infrastructure Investment and Jobs Act (IIJA), otherwise known as the Bipartisan Infrastructure Law, pushed for and signed by President Joe Biden.
Among other things, the IIJA dedicated $5 billion in funding to expanding EV chargers, in order to give more Americans access to EV ownership, and allow them to unlock the fuel cost and health savings that EV owners, and communities with high EV penetration, enjoy.
Since then, every state has submitted a plan and that money has gotten assigned to projects around the country in various levels of completion, with several charging stations already open.
The NEVI program was even the main driver of Tesla opening up its charging port and creating the NACS standard, due to the law’s requirement that federal funding can only go to charging stations that have open access to multiple brands of vehicle. Tesla’s Superchargers used to be open only to Teslas, but after this law passed, Tesla started opening them up to other brands.
And wide adoption of the NACS standard by the industry promises to fix a lot of the problems with EV charging.
So, NEVI is a great program, and it’s helping Americans to save on fuel and maintenance costs, reducing barriers to charging, and making the world cleaner for everyone who breathes air.
So of course, the enemy of America currently occupying the White House (despite there being a clear Constitutional remedy for this crisis) opposes it.
In February, the Federal Highway Administration (FHWA), at the behest of convicted felon Donald Trump, froze funding for the NEVI program, even though that funding was already allocated by Congress for this purpose. Who knew a felon would break the law?
Now, states are pushing back against the illegal funding freeze, as 17 states, led by California, Colorado and Washington, are suing the FHWA to free up the funds that were allocated to them. Joining the lawsuit are Arizona, Delaware, Hawaii, Illinois, Maryland, Minnesota, New Jersey, New Mexico, New York, Oregon, Rhode Island, Wisconsin, Vermont, and the District of Columbia.
California Governor Gavin Newsom and Attorney General Rob Bonta laid out their argument in a press release by the California Governor’s office.
Among those arguments is something we’ve mentioned many times here on Electrek: that republican efforts to diminish the US EV industry are a “gift to China,” who have well and truly taken the lead in the global EV industry, and other countries – particularly the US – are just not doing enough to keep up.
When America retreats, China wins.
President Trump’s illegal action withholding funds for electric vehicle infrastructure is yet another Trump gift to China – ceding American innovation and killing thousands of jobs.
Instead of hawking Teslas on the White House lawn, President Trump could actually help Elon – and the nation – by following the law and releasing this bipartisan funding.
-California Governor Gavin Newsom
Another of President Biden’s laws, the Inflation Reduction Act, was an effort to increase investment in the EV industry in the US – and did so while also lowering the deficit. It worked extremely well, leading to hundreds of billions in investment and hundreds of thousands of jobs in American EV manufacturing. Certainly much more effective than the unwise tariffs that both President Biden and Mr. Trump have supported.
However, as one might expect from an enemy of America, Mr. Trump has opposed that law as well. After he begged the oil industry for a billion-dollar bribe to harm EVs during his presidential campaign (where he also repeatedly promised to raise inflation for Americans), his republican party now thinks they have the votes to inflate the price of EVs by $7,500 – on top of the inflation Mr. Trump has already caused on electric and non-electric models alike.
Oddly, despite Mr. Trump’s clear opposition to the well-being of Americans, and particularly to the well-being of the American auto industry, Tesla CEO Elon Musk, perhaps America’s most high-profile auto CEO, donated hundreds of millions of dollars to this anti-EV candidate. He has used tortured logic to claim that raising the price of his products by $7,500 relative to the competition won’t hurt his business, but that’s just wrong.
As Governor Newsom points out in his quote above, this situation seems puzzling. While Mr. Trump did improperly utilize government property to create a bizarre ad for his largest political donor, his policy proposals so far – which Musk claims he “loves” – have generally been directed towards harming Tesla and other EVs. The money from the NEVI program could go a long way towards filling the gaps in EV charger buildout around the country, making Teslas more usable for Americans who don’t live in areas where chargers are easy to come by.
Pausing that funding not only puts charger plans into chaos (something Musk is no stranger to), it also means that Tesla can’t use money that it created an entire charging standard just to get a piece of. And it’s not the only time the squatter in the White House has made EV charging harder, as he previously tore out 8,000 paid-for EV chargers, causing waste and higher fuel costs for government vehicles simply out of his seemingly infinite spite for the country which he’s currently illegally running into the ground.
The lawsuit requests that a court stop Mr. Trump’s illegal actions and permanently halt the FHWA from withholding these funds.
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