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.
Post ride photos
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.
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024.
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British oil giant BP on Tuesday posted slightly weaker-than-expected first-quarter net profit, following a recent strategic reset and a slump in crude prices.
The beleaguered oil and gas major posted underlying replacement cost profit, used as a proxy for net profit, of $1.38 billion for the first three months of the year. That missed analyst expectations of $1.6 billion, according to an LSEG-compiled consensus.
BP’s net profit had hit $2.7 billion a year earlier and $1.2 billion in the final three months of 2024.
The results come as the energy major faces fresh pressure from activist investors less than two months after announcing a strategic reset.
Seeking to rebuild investor confidence, BP in February pledged to slash renewable spending and boost annual expenditure on its core business of oil and gas.
BP CEO Murray Auchincloss told CNBC’s “Squawk Box Europe” on Tuesday that the firm was “off to a great start” in delivering on its strategic reset.
“We had a great operational quarter. We had our highest upstream operating efficiency in history. Our refineries in the first quarter ran at the best they’ve run in 24 years. We had six exploration discoveries in a row, which is really unusual and we started out three major projects,” Auchincloss said.
For the first quarter, BP announced a dividend per ordinary share of 8 cents and a share buyback of $750 million.
Net debt rose to $26.97 billion in the January-March period, up from $22.99 billion at the end of the fourth quarter. BP had previously warned of lower reported upstream production and higher net debt in the first quarter, when compared to the final three months of last year.
Shares of BP fell 3.3% on Tuesday morning. The firm is down roughly 8% year-to-date.
Activist pressure
BP’s green strategy U-turn does not appear to have gone far enough for the likes of activist investor Elliott Management, which went public last week with a stake of more than 5% in the London-listed firm.
The disclosure makes the U.S. hedge fund BP’s second-largest shareholder after BlackRock, the world’s largest asset manager, according to LSEG data.
Elliott was first reported to have assumed a position in the oil and gas company back in February, driving a share price rally amid expectations that its involvement could pressure BP to shift gears back toward its oil and gas businesses.
BP’s Auchincloss declined to comment on interactions with investors when asked whether the firm was under pressure from the likes of Elliott to go beyond the plans announced in its February pivot.
Notably, BP suffered a shareholder rebellion at its annual general meeting earlier this month. Almost a quarter (24.3%) of investors voted against the re-election of outgoing Chair Helge Lund, a symbolic result that reflected a sense of deep frustration among the firm’s shareholders.
Mark van Baal, founder of Dutch activist investor Follow This, told CNBC last week that he hoped the shareholder revolt means Amanda Blanc, who is leading the process to find Lund’s successor, will look for a new chair who is “climate competent” and “will not respond to short-term activists so quickly.”
Lund is expected to step down from his role next year.
Takeover candidate
BP’s underperformance relative to industry peers such as Exxon Mobil, Chevron and Shell has thrust the energy major into the spotlight as a prime takeover candidate. Energy analysts have questioned, however, whether any of the likeliest suitors will rise to the occasion.
BP’s Auchincloss on Tuesday said that he wouldn’t speculate on whether the company is a takeover target, but confirmed the oil major had not asked for any sort of protection from the British government.
“What I will say is we’re a strong, independent company and we’ve got sector-leading growth. And if we can deliver the sector-leading growth, and the first quarter is a fantastic example of that, then I have no concerns. I think we’re going to do great,” Auchincloss said.
Murray Auchincloss, chief executive officer of BP, during the “CERAWeek by S&P Global” conference in Houston, Texas, on March 11, 2025.
Bloomberg | Bloomberg | Getty Images
Oil prices have fallen in recent months on demand fears. International benchmark Brent crude futures with June delivery traded at $65.19 per barrel on Tuesday morning, down more than 1% for the session. That’s lower from around $84 per barrel a year ago.
Asked whether weaker crude prices could put the some of the firm’s reset plans in jeopardy, Auchincloss said, “Not really. We have a balance of products that we think about that generate revenue for us. So, oil, natural gas and refined products as well.”
— CNBC’s Ruxandra Iordache contributed to this report.
Germany’s largest offshore wind farm under construction, EnBW’s He Dreiht, just hit a big milestone: The first enormous turbine is now up in the North Sea.
He Dreiht – which means “it spins” in Low German – is using Vestas’s massive 15 megawatt (MW) turbines, the first project in the world to install them. Just one spin of one of the rotors can generate enough electricity to power four households for an entire day.
When it’s finished, He Dreiht will have 64 mega turbines cranking out 960 megawatts (MW) of clean power – enough to supply around 1.1 million homes. And it’s being built without any government subsidies.
EnBW, one of Germany’s major energy companies, has been working in offshore wind for more than 15 years, but He Dreiht is their biggest project yet. “It will play a key role in helping us to significantly grow our renewable energy output from 6.6 GW to over 10 GW by 2030,” said Michael Class, who heads up EnBW’s generation portfolio development.
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The project is a win for Vestas, too. “With the installation of the first V236-15.0 MW, we have reached an important milestone for both the He Dreiht project and our offshore ramp-up, which helps Germany build a more secure, affordable, and sustainable energy system,” said Nils de Baar, president of Vestas Northern & Central Europe.
He Dreiht is located about 85 kilometers (53 miles) northwest of Borkum and 110 kilometers (68 miles) west of Helgoland. At peak times, more than 500 workers will be out at sea building the farm, using a fleet of more than 60 ships. EnBW’s offshore team in Hamburg is running the show.
The installation process is a major operation. The 64 foundations were already set in the seabed last year. Parts for the turbines are loaded onto the installation vessel Wind Orca in Esbjerg, Denmark, and shipped out in a 12-hour journey to the construction site. From there, the turbines are lifted into place. Meanwhile, crews are also working on internal wind farm cabling.
A partner consortium made up of Allianz Capital Partners, AIP, and Norges Bank Investment Management owns 49.9% of the shares in He Dreiht.
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Tesla has released a quick update about its Tesla Semi factory in Nevada. It says that it is on track for volume production of the electric semi truck in 2026.
The Tesla Semi was first scheduled to go into production in 2019, but it has faced numerous delays.
Now, it appears that there is finally some momentum to bring it to volume production.
For the last two years, Tesla has been working to build a new factory next to Gigafactory Nevada, where it builds the battery packs and drive units for most of its electric vehicles built in North America.
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Today, Tesla released a “progress update on the factory, confirming that it finished building and it’s now working on deploying the production lines:
Tesla had previously mentioned aiming for volume production by 2025, but it is now only talking about starting production toward the end of the year and ramping up next year.
The automaker reiterated its planned production capacity of 50,000 units.
They now expect to take deliveries of their first trucks later in 2026 and said that the price has increased “dramatically,” leading them to scale back their pilot program from 42 to 18 Tesla Semi trucks.
When originally unveiling the Tesla Semi in 2017, the automaker mentioned prices of $150,000 for a 300-mile range truck and $180,000 for the 500-mile version. Tesla also took orders for a “Founder’s Series Semi” at $200,000.
However, Tesla didn’t update the prices when launching the “production version” of the truck in late 2022. Price increases have been speculated, but the company has never confirmed them.
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