We got the chance to test ride a street-legal plus off-road electric motorcycle that comes at a reasonable price point, something of an albatross since the Sondors Metacycle went under.
For a while now, we’ve been seeing quite a few off-road e-bikes/motorcycles with similar specs, price, and design language as the Sur Ron Light Bee. Unfortunately, most of these aren’t street-legal like the more expensive and kitted out Zero FX/E. While that’s likely not a concern for those riding on private property, having more street-legal options in this segment of the market is something I’m excited to see more of. Thankfully, manufacturers are slowly starting to fill that gap.
$4,500 Dual Sport
The Caofen F-80 off-road version is an electric dual-sport motorcycle that’s fully street-legal in 50 states and has some decent specs that make for a fun day. For this test ride, I visited an off-road vehicle park in the northeast, put on my gear, and tried to see just how well this bike would perform on trails.
Now, while Caofen does have a few other models, such as the FX full-sized off-road motorcycle as well as a more street-oriented version of the F-80, for this review, we’ll be focusing mostly on the F-80 off-road version. Thankfully, we got the opportunity to test this out on an off-road course with tight turns and jumps. For the sake of the review, I made sure to try my hardest to test its limits, but full disclosure: I am a beginner at motocross and off-road riding.
Compliance parts:
The F-80 is capable of obtaining insurance, plates, and registration, but this bike was built primarily as an off-road motorcycle geared more for trails and motor tracks. So many of the parts that make the bike street-legal, such as the license plate holder, felt more like an afterthought with lower-quality parts than what is on the rest of the bike.
Before we get into the weeds, let’s get a few specs out of the way.
Specs:
Motor: 8kw
Top speed: 62mph
Battery: Liquid-cooled 2.2kWh 72v 30 ah and 2.2kWh and 3.9kWh 48 ah
Weight: 165lb
Frame: Single-piece aluminum frame
Brakes: 230mm disc brakes on the front and 203mm at the rear
Size: 77×31×42
Clearance: 14 inches
Initial thoughts:
The F80 looks and feels different from your typical Sur Ron Light bee in the sense that it has a bit more power and feels more like a full-sized motocross bike. It’s also not in that upper-echelon class of electric dirt bikes. I’d say if the classic Sur Ron was at one side of the spectrum and the higher-end dirt bikes such as Surron’s Storm Bee, Stark Varg, or KTM free ride e-xc was at the other end then this would be somewhere in between depending on how you look at it.
In terms of pricing, the street-legal off-road version of the F-80 with the 30-ah battery configuration comes in at $4,500 on the www.caofen.us website. The bigger battery 48-ah version is available for an extra $500.
Legality
At that price point, it’s close to that of most other 45-60 mph electric bikes. One big difference here for the F-80 is that Caofen is claiming that it can be registered in 50 states. When I test rode it on the east coast, I was shown registration for the vehicle as well as a license plate. Now this may not be a huge factor for those who are looking to ride primarily on trails, but for those who enjoy off-road capable bikes even on city streets and don’t necessarily want to go for the 10+k price range of a highway-suitable dual sport like a Zero FX, it’s a great thing that companies like Caofen are starting to fill that gap in the market.
Power
In terms of power, the motor is rated for a max peak output of 8kw and claims to have 310 nm of torque. To be truthful, even though I always want as much power and torque as possible in an electric bike, with this being my first time in an offroad dedicated park with a mini motocross track, I found this to be more than enough power.
For trail riding and beginner motocross riding I think this bike handles well and is nicely balanced. The one downside aside from the lower quality compliance parts like the plate holder that broke off was the rather small footpegs. I believe the suspension is adequate but not to the level of some of the higher-end dual sport bikes. But then again this is still a 72v off-road bike with 8kw of peak power and DOT approved.
Getting into some of the pros here the frame is a zero-weld one-piece unit that adds strength and lowers the weight. In total, the bike weighs 165 lbs with a 30-ah battery. This, combined with the 8kw of power, made it relatively easy to skid the rear wheel on loose dirt, and I’d imagine for those who wheelie that this would be plenty of fun.
Battery:
As for charging, the batteries can be charged from fully empty to full in three hours for the street-legal off-road bike. When it comes to the battery Caofen uses a patented immersion cooling battery system that claims to achieve 8 times the thermal balance and only 50% of normal temperature rise. The temperature control system allows you to ride freely in any case, even in a minus 40-degree environment.
When it comes to brakes, the F-80 is stopped with 230mm disc brakes on the front and 203mm at the rear. It’s an adequate feeling brake but leaves you wanting just a bit more heavy-duty braking power. In terms of size, the bike comes in at a size of 77×31×42 and gives you about 14 inches of clearance.
For those wanting a bigger size, with better suspension and upgraded brakes, you may want to check out their full-sized version, the FX, which costs $5800 and features a 12kw motor.
Electrek’s take:
I think it’s great that Caofen is bringing this to the market at a low price point. Being able to ride without worrying about breaking the law just to have fun on your electric motorcycle is a feature that not enough manufacturers are including. Let’s face it: A lot of people who ride high-speed e-bikes/motorcycles like Sur Rons or Talarias ride on public roads despite manufacturers saying that it’s not street legal. I think if there were more options like this on the market at lower prices, we’d be seeing a lot of young people opting to register their bikes and ride a bit safer, especially if it meant they needed a motorcycle license and the required skills to operate these types of bikes on the street.
US coal giant Peabody and Germany’s RWE are teaming up to develop 5.5 gigawatts (GW) of solar and energy storage projects on former mining land in the Midwest.
It’s an unlikely but strategic partnership: RWE is one of the world’s leading renewable energy developers, while Peabody was once the largest private-sector coal company in the world.
RWE is buying into R3 Renewables, a joint venture that Peabody launched alongside Summit Partners Credit Advisors and Riverstone Credit Partners. With this move, RWE is acquiring Summit and Riverstone’s stakes and taking a majority position, while Peabody will hold on to a 25% equity interest. The projects are spread across Indiana and Illinois, focusing on large-scale solar and energy storage on land that Peabody previously mined for coal.
The plan is to develop 10 projects totaling 5.5 GW. RWE will take over seven of these projects, while the remaining three will continue under a joint venture with Peabody. If all goes to plan, these projects could generate enough electricity to power more than 850,000 homes.
For Peabody, which has faced growing pressure to pivot as the world transitions away from fossil fuels, the partnership is part of a broader effort to create value from its reclaimed mining sites. Jim Grech, Peabody’s CEO, says the partnership with RWE marks “significant added momentum” for their renewable energy initiatives.
RWE sees this as a big opportunity to expand in the US Midwest. Andrew Flanagan, CEO of RWE Clean Energy, called the partnership “an exciting opportunity to invest in rural regions of Indiana and Illinois,” promising economic development through construction jobs, investment, and community benefits. The plan aims to support the energy transition while ensuring that communities historically tied to coal still see benefits – this time from clean energy.
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Investors weren’t able to do all that much with it besides buy and hold it. But that was precisely why the world’s largest cryptocurrency was valuable.
It was a commodity, like gold — or corn. It didn’t get too fancy on its offerings. In fact, bitcoin’s core team of developers has intentionally moved as slowly as possible on everything that touches the base blockchain specifically to avoid breaking things. That’s why many of crypto’s more cavalier coders headed to other blockchains to tinker and do things like build decentralized applications.
The approach worked. Traders poured their money into bitcoin not just because it was the OG coin but also because the network was robust and reliable, and they knew what they were getting. As solanareported hack after hack, bitcoin didn’t really change. The asset was volatile, but aside from a major system upgrade that took four years to design and green-light, bitcoin kept its status as the world’s biggest cryptocurrency by market cap by sticking to the status quo.
But times are changing for the original coin.
Developers are increasingly building on bitcoin’s base blockchain in unexpected ways. Wall Street is also decking the coin out with all its familiar trappings such as exchange-traded fund wrappers and allowing traders to hedge positions and make leveraged bets.
In January, spot bitcoin ETFs began trading, which opened the door to more mainstream investors. Last week, options on those spot crypto products finally started to go live on the Nasdaq and New York Stock Exchange. CBOE Global Markets is also set to list its first cash-settled bitcoin ETF options Dec. 2.
Creating this new margin framework around bitcoin means that both retail traders and institutions alike will be able to get more exposure to the asset class relative to how much cash they’re investing.
New ways to bet on bitcoin
Collectively, the U.S.-issued spot bitcoin funds hold north of $100 billion in assets under management. Last week, they notched their largest weekly inflows on record, totaling more than $3.1 billion. And according to CoinShares, year-to-date net flows are up to $37 billion versus U.S. Gold ETFs, which drew around $309 million in their first year.
Nearly half of those flows into the spot bitcoin products took place after U.S. interest rates were cut for the first time in four years in September.
Vetle Lunde, head of research at K33 Research, told CNBC there has been record high open interest for futures on the CME derivatives exchange, the way most U.S. institutions currently buy bitcoin futures contracts. But a lot of traders have been waiting for options on spot bitcoin ETFs on major exchanges such as the NYSE and Nasdaq, since it enhances liquidity and offers hedging tools.
Lunde says that demand for leveraged long exposure to bitcoin and ether is climbing, with VolatilityShares’ BTC exposure hitting new all-time highs.
Galaxy Digital’s trading team told CNBC the firm has observed significant volume in BlackRock’s IBIT ETF options, the first to launch on the Nasdaq last week. BlackRock is the largest digital asset manager in the world after it eclipsed Grayscale in August. BlackRock’s bitcoin trust IBIT holds $48.4 billion in bitcoin compared with the $34 billion in its gold trust.
Options on IBIT had a blockbuster debut, with 353,716 contracts traded on its first day, according to Galaxy Digital. The firm noted that the previous most active debut of options trading was when Facebook options went live in 2012 and 360,000 contracts changed hands.
Galaxy sees notable trading activity extending out to January 2027, roughly halfway into Donald Trump’s administration. On the campaign trail, the president-elect had an about-face on bitcoin and went from criticizing digital assets to making big promises to the crypto industry. Bitcoin is up roughly 40% since Election Day, Nov. 5.
“This level of concentrated, long-dated activity reflects investor confidence in the ETF’s long-term growth potential, signaling bullish sentiment for the years ahead,” Galaxy’s trading team told CNBC.
Until now, offshore crypto native platforms such as Binance and Deribit have been the main marketplace for bitcoin derivatives trading. Galaxy told CNBC there is a noticeable volatility premium between Deribit, CME and IBIT, which could present arbitrage opportunities among the varying platforms offering derivatives trading.
On Friday, more than $9 billion in bitcoin options contracts expire on Deribit, which could lead to greater price volatility as the expiration date approaches.
“There’s a ton of leverage in the system right now,” Galaxy Digital CEO Mike Novogratz, a longtime crypto investor, told CNBC’s “Squawk Box” on Friday.
“You look at the funding rates to do crypto in our market, right? The perpetual market, as high as they’ve been, the basis is high,” Novogratz said. “The crypto community is levered to the gills, and so there will be a correction.”
Bitcoin was within striking distance of $100,000 on Friday but retrenched over the weekend. The cryptocurrency is currently trading at around $95,000.
Although President-Elect Donald Trump is promising to end the $7,500 EV tax credit, Hyundai is confident it will continue growing in the US. The company just opened a massive new $7.6 billion manufacturing plant in Georgia as it looks to grab a bigger share of the US market.
A Reuters report earlier this month claiming Trump’s transition team is planning to end the $7,500 federal EV tax credit is causing US automakers to brace for the potential major impacts.
Although US market leader Tesla reportedly supports the move, Hyundai Motor, including Kia, is preparing for any outcome.
“Hyundai did not build our [US] investment plan based on incentives; the plan was even made before Trump’s [first] term,” Hyundai’s newly elected CEO, Jose Munoz, said at the LA Auto Show last week.
In an interview with Korean media at the event (via Korea JongAng Daily), Munoz said, “If the Inflation Reduction Act goes out, it goes out for everybody, and we can even do better.” Although Hyundai’s EVs currently don’t qualify for the full $7,500 credit, like some US rivals, the company is still gaining market share.
“Competitors like Tesla step by step are losing market share and we continue to increase our share,” Hyundai’s current global chief operating officer explained.
Hyundai to remain flexible if Trump ends the EV tax credit
Hyundai opened its massive new $7.6 billion manufacturing plant in Georgia last month. The first vehicle that rolled off the assembly line was the new US-made 2025 Hyundai IONIQ 5. Hyundai upgraded its top-selling EV with more range, features, and a sleek new design. It also comes with an NACS port to charge at Tesla Superchargers.
Last week, the company also unveiled its first three-row electric SUV, the IONIQ 9, which will also be built at the facility.
However, until the battery unit opens next year, Hyundai’s US-built EVs qualify for a partial $3,750 credit. Until then, Hyundai is passing on the full $7,500 for leases.
Hyundai fast-tracked production to level the playing field in the US, its most important market. With Trump reportedly planning to end subsidies, Hyundai’s new CEO said the company will remain flexible.
“We will not only produce EVs but also hybrids and extended-range EVs at our plants, and therefore, the key for us is flexibility and then being able to adjust to what the customers want,” Munoz told reporters.
As the US is expected to pull back, China’s EV market continues surging. China became the first country to build over 10 million new energy vehicles (EVs and PHEVs) in a single year.
EV leaders, like BYD, are looking overseas to drive growth as a wave of low-cost rivals is hitting China. As sales continue surging, BYD is quickly catching up to Ford in global deliveries.
Munoz said, “China is a big threat,” but he believes Hyundai can compete with “technological prowess” and “quality.”
“A lot of consumers, when they buy Chinese products, they realize maybe the quality is not as good as others,” Hyundai leaders explained. That’s where Hyundai wants to “elevate our game in terms of providing not only the best quality but also the best services to our customers.”
Hyundai Motor, including Kia and Genesis, is outpacing Ford and GM as the second-largest seller of EVs in the US through September. With US production kicking off, Hyundai aims to solidify its spot in the US auto market.
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