Lectric ONE shockingly unveiled as low-cost premium e-bike with auto-shifting gearbox
In what is likely to the biggest shock unveiling in the e-bike industry so far this year, leading electric bike maker Lectric Ebikes has just rolled out the new Lectric ONE. Positioned as a premium commuter e-bike in the budget space, the new model marks equally new territory for the low-cost e-bike company turned premium space competitor.
To understand how industry-shaking this e-bike launch is, you have to understand the company behind it. Lectric Ebikes’ entire MO has been to find highly-demanded niches in the US e-bike market and then roll out new models at a fraction of the cost of competitors. That’s how we got crowd favorites like the $799 Lectric XP Lite and the $999 Lectric XP 3.0, known as the best-selling e-bike in the country.
Now the company is doing it again, but targeting a much… much fancier type of e-bike segment. That means that the traditional budget-level derailleurs and chains are now being replaced by top-tier European transmissions and carbon fiber-reinforced drive belts.
Look no further than the Lectric ONE’s auto-shifting electric gearbox from Pinion, a German manufacturer whose same gearboxes routinely land on $10,000+ e-bikes such as those from Swiss manufacturer Stromer. Pinion’s highly acclaimed bike gearboxes are modeled after automotive transmissions and are widely seen as the holy grail of bicycle transmissions.
But Lectric didn’t just opt for a fancy gearbox, they chose the even higher-end version of Pinion’s 6-speed lineup with automatic electric shifting. That feature allows complete customization of the shifting parameters, letting riders dial in their performance marks such as ideal cadence, shift points, preferred gear to downshift into at stops automatically, and more, all from the bike’s dashboard display.
The weather-sealed gearbox is maintenance-free, just like the industry-leading Gates Carbon Belt drive found on the bike. As a replacement for bicycle chains, Gates’ carbon fiber-reinforced belts are quieter, smoother, longer-lasting, and more efficient than chains over their entire lifespan. And to top it all off, they don’t require maintenance such as oiling or washing.
And similarly to the move with Pinion’s gearbox, Lectric again climbed up to nearly the top shelf of the component hierarchy, opting for Gate’s premium CDC belt and CDX sprocket.
The inclusion of largely maintenance-free hydraulic disc brakes on 180 mm rotors adds one more component to the list of parts that riders won’t have to worry about keeping in tune.
And despite the 55-lb (25 kg) Lectric ONE‘s positioning as a lightweight commuter e-bike, it still packs in the extra power we’ve come to know and love from Lectric. A true 750W-rated Stealth M24 motor can be found in the rear wheel, offering speeds of up to 28 mph (45 km/h). The company explained, “As the lightest e-bike with a 750-watt motor, the Lectric ONE boasts the highest power-to-weight ratio of any e-bike ever, offering lightning-fast starts and quick acceleration.”
Two 48V battery options are available, either 10.4Ah or 14Ah. The 500Wh and 672Wh batteries offer maximum ranges of 50 miles and 75 miles, respectively. Both are UL-compliant for added safety and peace of mind.
The Lectric ONE includes a new color LCD display, a 24-amp potted motor controller helping that 750W motor put out over 1,300W of peak power, a left-side thumb throttle, a side-sweeping kickstand, 20″x2.5″ city tires, a thru-axle front hub, integrated front and rear LED lighting, a telescoping seat post and handlebars for wider range of size adjustments, and hidden cable routing.
The one area that struck me as an odd choice was the inclusion of a cadence sensor over a torque sensor. Generally, torque sensors are incorporated on nicer bikes like these to reduce sensor lag, which is often associated with cadence sensors. But Lectric Ebikes’ Co-founder and CEO Levi Conlow reassured me, explaining how “while most cadence sensors have 12 magnets, our has 96 of them, so we’ve got 8x the resolution and much snappier feedback.”
Lectric’s signature PWR pedal assist is also included, offering current-based pedal assist levels instead of speed based. While it’s not the same as a true torque sensor, it does significantly bridge the gap by removing the lurching feeling often found in speed-based pedal-assist e-bikes. And with 8x the number of cadence sensor magnets, the pedal assist lag should be significantly reduced as well.
Perhaps the most impressive feature of all on the Lectric ONE isn’t a component, but rather the price. The bike is launching at $1,999 with a standard range battery, though a longer range battery is available as a $200 upgrade. To put that into perspective, it would be difficult to walk into a bike shop today and order that Pinion automatic shifting gearbox for less than $1,999, let alone receive an entire well-designed bike for that price.
Pre-orders for the new e-bike are now open, with shipping expected to begin in May. Color choices are limited to black or… well, just black. Fortunately, the company has a wide range of accessories to choose from, helping riders make the bike unique and customized to various types of riding. Just don’t worry about a rear rack or fender set, those are included free for anyone who puts down a pre-order now.
Electrek’s Take
This is kind of crazy, folks.
At this point, it seems like Lectric is just playing God with the entire e-bike market. I’m not exaggerating when I say this gearbox is extremely expensive. You literally couldn’t buy just gearbox for the price of this bike. It’s only through Lectric’s massive size and extreme purchasing power that they could even put it on a bike in this price class. The next cheapest e-bike I can find that has this same Pinion C1.6i auto-shifting gearbox is the Stromer ST7, which is a $13,000 electric bike.
Why they even went this direction, that’s a whole other question. Belt drive e-bikes can’t use a derailleur like a chain drive can, so if you don’t want to be stuck with a single speed on a belt drive, you need to either use an internally geared rear hub, which forces you to use a mid-drive motor (the standard solution) or use a gearbox at the pedals. And if you want to include a throttle, then your mid-drive options are limited and problematic (mid-drive motors with throttles love to chew up transmissions), giving more weight to the idea of replacing a mid-drive motor with a central gearbox. I never thought I’d actually see Lectric do it though, as it’s truly several classes above anything the company has produced before.
When trying to think about which bikes the Lectric ONE will compete against, I’m largely coming up empty. Instead, I think it’s creating a new class of bikes – premium value commuters. It sounds like an oxymoron, a premium-value bike. But that’s what they’ve built here. It almost fills the void left by bikes like the VanMoof A5, creating a fairly lightweight and small-wheeled, automatic shifting commuter e-bike with a sleek design. Except that it does so at half the price, and without the same level of in-house proprietary technology that doomed VanMoof into bankruptcy.
I feel like I’m still processing all that went into this bike, and the craziness of launching it at this price. Sure, it’s not for everyone. If you want fat tires or suspension, they’ve got a great $999 e-bike for you. But for folks who want a lighter, more efficient commuter e-bike, and suddenly want an insanely fancy automatic shifting gearbox paired with a Gates carbon belt drive, this is a weirdly affordable way to make it happen at just $1,999.
It’s a brave new world.
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Elon Musk said today that Tesla will double its electric vehicle production in the US in the next two years.
What would that look like? Let’s do the math.
Today, during a press conference to promote Tesla at the White House, Tesla CEO Elon Musk said the following:
“As a function of the great policies of President Trump and his administration, and as an act of faith in America, Tesla is going to double vehicle output in the United States within the next two years.”
This raises many questions, as Musk’s phrasing of the statement suggests that Tesla is planning to add previously unannounced production capacity in response to Trump’s policies.
However, the reality could be different.
What is Tesla’s current production capacity in the US?
We only know Tesla’s installed capacity, which is much different than its actual production rate.
This is Tesla’s latest disclosed global production capacity at the end of 2024:
| Region | Model | Capacity | Status |
|---|---|---|---|
| California | Model S / Model X | 100,000 | Production |
| Model 3 / Model Y | >550,000 | Production | |
| Shanghai | Model 3 / Model Y | >950,000 | Production |
| Berlin | Model Y | >375,000 | Production |
| Texas | Model Y | >250,000 | Production |
| Cybertruck | >125,000 | Production | |
| Cybercab | — | In development | |
| Nevada | Tesla Semi | — | Pilot production |
| TBD | Roadster | — | In development |
In the US, it adds up to 1,025,000 vehicles per year.
In reality, Tesla’s factories are operating at a much lower capacity.
Based on sales and inventory from 2024, Tesla is currently building fewer than 50,000 Model S/X vehicles per year compared to an installed capacity of 100,000 units.
As for Model 3 and Model Y, Tesla is currently building them in the US at a rate of about 600,000 units per year compared to claimed installed capacity of over 800,000 units.
Finally, the Cybertruck is being produced at a rate of less than 50,000 units per year compared to an installed capacity of over 125,000 units.
This adds up to Tesla producing 700,000 units per year in the US in 2024.
What will be Tesla’s new capacity?
Considering Musk mentioned that it will happen “within the next two years”, it is unlikely that he is referring to installed capacity.
The CEO is most likely talking about Tesla’s actual production, which would also make sense, especially considering he mentioned “output.”
Tesla currently outputs roughly 700,000 vehicles per year in the US.
Doubling that would mean bringing the total to 1.4 million units per year, which would be an incredible feat, but it’s not entirely a new plan for Tesla.
First off, Tesla has already announced plans to unveil two new, more affordable models this year. These models are going to be built on the same production lines as Model 3/Y, which would potentially enable Tesla to fully utilize its installed capacity for those vehicles.
That’s another 200,000 units already.
As already mentioned in Tesla’s installed capacity table, the company is currently developing its production facility for the Tesla Semi electric truck in Nevada.
Production is expected to start later this year and ramp up next year. Tesla has previously mentioned a goal of 50,000 units per year. It would leave Tesla roughly a year and half to ramp up to this capacity, which is ambitious, but not impossible.
Then there’s the “Cybercab”, which was unveiled last year.
The Cybercab is going to use Tesla’s next-gen vehicle platform and new manufacturing system, which is already being deployed at Gigafactory Texas.
Production is expected to start in 2026, and Musk has mentioned a production capacity of “at least 2 million units per year”. However, he said that this would likely come from more than one factory and it’s unclear if the other factory would be in the US.
Either way, Tesla would need to ramp up Cybercab production in the US to 450,000 units to make Musk’s announcement correct.
It’s fair to note that all of this was part of Tesla’s plans before the US elections, Trump’s coming into power, or the implementation of any policies whatsoever.
Electrek’s Take
Based on my analysis, this announcement is nothing new. It’s just a reiteration of Elon’s plans for Tesla in the US, which were established long before Trump came to power or even before Elon officially backed Trump.
It’s just more “corporate puffery” as Elon’s lawyers would say.
Also, if I wasn’t clear, we are only talking about production here. I doubt Tesla will have the demand for that, especially if Elon remains involved with the company.
The Cybercab doesn’t even have a steering wheel, and if Tesla doesn’t solve self-driving, it will be hard to justify producing 450,000 units per year.
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The average incentive package for a new EV was 14.8% of the average transaction price (ATP), or approximately $8,162, the highest level in more than five years, according to the latest monthly new-vehicle ATP report from Cox Automotive’s Kelley Blue Book.
Incentives for EVs are more than twice the overall market. A year ago, EV incentives were 10.2%. EV incentives, as a percentage of ATP, have increased by 44% in the past year.
In February, at $55,273, new EV prices were lower by 1.2% from January – generally aligned with the industry – and higher by 3.7% year-over-year. The January EV ATP was revised higher by 0.06% to $55,929.
Compared to the overall industry ATP of $48,039, EV ATPs in February were higher by 15.1%, an increase from the 14.9% gap recorded in January.
EV market leader Tesla increased ATPs by 1.8% year-over-year in February to $53,248 but decreased by 3.7% month-over-month from $55,315. Model 3, Model Y, and Cybertruck posted price declines in February compared to January; Model S and Model X saw month-over-month increases.
As sales cooled, the Cybertruck ATP in February dropped by more than 10% from January to an estimated $87,554.
Read more: You can lease a 2025 Polestar 3 for the same price as a Polestar 2 right now
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Environment
US President does infomercial at White House for company owned by his biggest political donor
Donald Trump, the President of the United States, performed what basically amounts to an infomercial at the White House for Tesla, a company controlled by his biggest political donor, a day after its stock crashed.
Yesterday, Tesla’s stock crashed 15% – resulting in a 50% drop from its peak in December.
Last night, Trump posted a message on Truth Social supporting Elon Musk, Tesla’s CEO and his biggest political donor. In the message, he called the Tesla boycotts “illegal” and he said that he would be buying a Tesla vehicle to show his support for Musk.
He has apparently followed through today, but he went a quite a bit further as he held a press conference in front of Tesla vehicles at the White House:
The President, who has previously shared misinformation about electric vehicles being “unusable,” praised Tesla’s vehicles and said that he would be buying a Model S Plaid.
He is not allowed to drive, so he said that he would let White House staff use the vehicle instead.
Tesla’s stock (TSLA) rose up 5% on the publicity stunt today, but it closed up 3.8% compared to being down 15% yesterday.
Electrek’s Take
When I write those headlines, I feel like I’m running The Onion in an alternative universe where satire is the reality.
But you can’t accuse me of “clickbaiting” because this headline is actually accurate.
For years, Trump has been one of the biggest promoters of misinformation about electric vehicles in the US. We have often reported on the ridiculous things he has said about them.
That hasn’t changed. In fact, Trump is still pushing hard against electric vehicles. We recently reported on Trump shutting down 8,000 EV chargers at federal buildings and he is pushing to remove the tax credit on electric vehicles.
This is purely transactional. Elon gave him $250 million, so now that Tesla’s stock is in free fall, he gives him a boost.
Like his Bitcoin pump, it isn’t likely to work. My hope is that it will at least help open the minds of some of his fans to electric vehicles, but I have doubts.
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