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Gocycle, a premium British electric bike maker known for its lightweight commuter e-bikes featuring exotic materials and designs, is now setting its sights on the growing market of cargo e-bikes. And the company has just shared the first photos of its upcoming CXi and CX+ cargo electric bikes.

We’ve previously only seen computer renderings of Gocycle’s upcoming premium cargo e-bikes, but now we’re getting our first look at the real bikes.

The images of these pre-production bikes showcase just how radically different the design approach is compared to today’s major cargo e-bike manufacturers.

The approach fits with Gocycle’s MO of providing unique, standout models that are designed for rugged everyday use and that look good while doing it.

As the company explained, “Gocycle’s Family Cargo entrants showcase the latest evolution of the brand’s OneDesignDNA® philosophy, which is underpinned by class-leading lightweight, seamless design and complete integration. Diverging from the workhorse of cargo bikes, Gocycle’s CXi & CX+ embody a soul born of fun for life and will be the ultimate cargo e-bikes of choice for discerning families across the globe.”

gocycle family cargo electric bike

They aren’t kidding about lightweight, either. At just 50 lb (22.6 kg), we’re looking at some of the lightest cargo designs in the world. Most cargo e-bikes we test weigh at least 50% more.

It took a lot of custom work to get there, and you’ll notice that unlike most electric bikes, Gocycle doesn’t use very many off-the-shelf parts.

With a design team tracing its lineage back to McClaren, custom-designed high-performance components make up most of the bike.

“As we start to qualify our production tooling, we are excited to share a first look at some of the pre-production CXi & CX+ models undergoing evaluation and testing,” said  Richard Thorpe, Designer & Founder of Gocycle. “At Gocycle we cook with different ingredients, with our OneDesignDNA philosophy running through the core of every model. Instantly recognizable as a Gocycle, the all new CXi employs Gocycle’s kernel of patented innovations such as our side-mounted Pitstopwheels, Gocycle’s F1-inspired monocoque chassis, enclosed Cleandrive® drivetrain and internal cabling.”

“Lightweight, portable and fun. Gocycle’s take on Family Cargo addresses a vital gap in the market, appealing to those discerning families put off by cumbersome and heavy cargo bikes. Be it an urban, marine or rural setting, CXi & CX+ will offer incredible versatility with multiple accessory configurations available at launch.”

It’s a rare case of racecar design and technology meets minivan utility, shuttling around kids and cargo in a lightweight and stylish package. With 420 lb (190 kg) of load capacity and up to 132 lb (60 kg) on the rear rack, the Family Cargo bike can haul some serious weight.

And for those kiddos in rear, Gocycle has it’s own solution for keeping the most precious cargo safe and secure. Just one of several in-house accessories developed by the brand is its innovative F1-inspired HaloCX protective handrail for smaller passengers.

“Inspired by F1 and my own experiences with my son doing the school run on a Gocycle, HaloCX redefines safety and ergonomics for kids. Crafted from carbon fiber, it’s lightweight yet incredibly strong. With no sharp corners or welded joints, smooth to hold and feel, it’s a seamless blend of safety and fun.”

And the components are equally top-shelf, including a hydro-formed aluminum front frame with carbon fiber rear frame, carbon fiber single-sided front fork, carbon belt drive from Gates integrated into a Shimano Nexus 5-speed internally geared rear hub transmission with automatic electric shifting, torque sensor pedal assist providing speeds up to 20 mph (32 km/h) for Class 1 operation, smart connectivity, daylight running lights, and a 375 Wh battery with a claimed 50 mile (80 km) max range.

Oh, and the entire bike folds for easy storage.

With all that said, you didn’t expect a premium carbon fiber automatic-shifting e-bike like this to come cheap, did you? All of those custom parts and high-end manufacturing add up, and the bike starts at an MSRP of US $6,999.

Pre-orders are open with a refundable $499 deposit, and shipping is estimated to begin in September of this year.

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Tesla Semi suffers more delays and ‘dramatic’ price increase

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Tesla Semi suffers more delays and 'dramatic' price increase

According to a Tesla Semi customer, the electric truck program is suffering more delays and a price increase that is described as “dramatic.”

Tesla Semi has seen many delays, more than any other vehicle program at Tesla.

It was initially unveiled in 2017, and CEO Elon Musk claimed that it would go into production in 2019.

In late 2022, Tesla held an event where it unveiled the “production version” of the Tesla Semi and delivered the first few units to a “customer-partner”: PepsiCo.

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Tesla Semi PepsiCo truck u/Tutrifor
Tesla Semi Image credit: u/Tutrifor

More than 3 years later, the vehicle never went into volume production. Instead, Tesla only ran a very low volume pilot production at a factory in Nevada and only delivered a few dozen trucks to customers as part of test programs.

But Tesla promised that things would finally happen for the Tesla Semi this year.

Tesla has been building a new high-volume production factory specifically for the Tesla Semi program in a new building next to Gigafactory Nevada.

The goal was to start production in 2025, start customer deliveries, and ramp up to 50,000 trucks yearly.

Now, Ryder, a large transportation company and early customer-partner in Tesla’s semi truck program, is talking about further delays. The company also refers to a significant price increase.

California’s Mobile Source Air Pollution Reduction Review Committee (MSRC) awarded Ryder funding for a project to deploy Tesla Semi trucks and Megachargers at two of its facilities in the state.

Ryder had previously asked for extensions amid the delays in the Tesla Semi program.

In a new letter sent to MSRC last week and obtained by Electrek, Ryder asked the agency for another 28-month delay. The letter references delays in “Tesla product design, vehicle production” and it mentions “dramatic changes to the Tesla product economics”:

This extension is needed due to delays in Tesla product design, vehicle production and dramatic changes to the Tesla product economics. These delays have caused us to reevaluate the current Ryder fleet in the area.

The logistics company now says it plans to “deploy 18 Tesla Semi vehicles by June 2026.”

The reference to “dramatic changes to the Tesla product economics” points to a significant price increase for the Tesla Semi, which further communication with MSRC confirms.

In the agenda of a meeting to discuss the extension and changes to the project yesterday, MSRC confirms that the project went from 42 to 18 Tesla Semi trucks while the project commitment is not changing:

Ryder has indicated that their electric tractor manufacturer partner, Tesla, has experienced continued delays in product design and production. There have also been dramatic changes to the product economics. Ryder requests to reduce the number of vehicles from 42 to 18, stating that this would maintain their $7.5 million private match commitment.

In addition to the electric trucks, the project originally involved installing two integrated power centers and four Tesla Megachargers, split between two locations. Ryder is also looking to now install 3 Megachargers per location for a total of 6 instead of 4.

Tesla Semi Megacharger hero

The project changes also mention that “Ryder states that Tesla now requires 600kW chargers rather than the 750kW units originally engineered.”

Tesla Semi Price

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 2023. Price increases have been speculated, but the company has never confirmed them.

New diesel-powered Class 8 semi trucks in the US today often range between $150,000 and $220,000.

The combination of a reasonable purchase price and low operation costs, thanks to cheaper electric rates than diesel, made the Tesla Semi a potentially revolutionary product to reduce the overall costs of operation in trucking while reducing emissions.

However, Ryder now points to a “dramatic” price increase for the Tesla Semi.

What is the cost of a Tesla Semi electric truck now?

Electrek’s Take

As I have often stated, Tesla Semi is the vehicle program I am most excited about at Tesla right now.

If Tesla can produce class 8 trucks capable of moving cargo of similar weight as diesel trucks over 500 miles on a single charge in high volume at a reasonable price point, they have a revolutionary product on their hands.

But the reasonable price part is now being questioned.

After reading the communications between Ryder and MSRC, while not clear, it looks like the program could be interpreted as MSRC covering the costs of installing the charging stations while Ryder committed $7.5 million to buying the trucks.

The math makes sense for the original funding request since $7.5 million divided by 42 trucks results in around $180,000 per truck — what Tesla first quoted for the 500-mile Tesla Semi truck.

Now, with just 18 trucks, it would point to a price of $415,000 per Tesla Semi truck. It’s possible that some of Ryder’s commitment could also go to an increase in Megacharger prices – either per charger or due to the two additional chargers. MSRC said that they don’t give more money when prices go up after an extension.

I wouldn’t be surprised if the 500-mile Tesla Semi ends up costing $350,000 to $400,000.

If that’s the case, Tesla Semi is impressive, but it won’t be the revolutionary product that will change the trucking industry.

It will need to be closer to $250,000-$300,000 to have a significant impact, which is not impossible with higher-volume production but would be difficult.

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BP chair Helge Lund to step down after oil major pledges strategic reset

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BP chair Helge Lund to step down after oil major pledges strategic reset

British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024.

Nurphoto | Nurphoto | Getty Images

British oil major BP on Friday said its chair Helge Lund will soon step down, kickstarting a succession process shortly after the company launched a fundamental strategic reset.

“Having fundamentally reset our strategy, bp’s focus now is on delivering the strategy at pace, improving performance and growing shareholder value,” Lund said in a statement.

“Now is the right time to start the process to find my successor and enable an orderly and seamless handover,” he added.

Lund is expected to step down in 2026. BP said the succession process will be led by Amanda Blanc in her capacity as senior independent director.

Shares of BP traded 2.2% lower on Friday morning. The London-listed firm has lagged its industry rivals in recent years.

BP announced in February that it plans to ramp up annual oil and gas investment to $10 billion through 2027 and slash spending on renewables as part of its new strategic direction.

Analysts have broadly welcomed BP’s renewed focus on hydrocarbons, although the beleaguered energy giant remains under significant pressure from activist investors.

U.S. hedge fund Elliott Management has built a stake of around 5% to become one of BP’s largest shareholders, according to Reuters.

Activist investor Follow This, meanwhile, recently pushed for investors to vote against Lund’s reappointment as chair at BP’s April 17 shareholder meeting in protest over the firm’s recent strategy U-turn.

Lund had previously backed BP’s 2020 strategy, when Bernard Looney was CEO, to boost investment in renewables and cut production of oil and gas by 40% by 2030.

BP CEO Murray Auchincloss, who took the helm on a permanent basis in January last year, is under significant pressure to reassure investors that the company is on the right track to improve its financial performance.

‘A more clearly defined break’

“Elliott continues to press BP for a sharper, more clearly defined break with the strategy to pivot more quickly toward renewables, that was outlined by Bernard Looney when he was CEO,” Russ Mould, AJ Bell’s investment director, told CNBC via email on Friday.

“Mr Lund was chair then and so he is firmly associated with that plan, which current boss Murray Auchincloss is refining,” he added.

Mould said activist campaigns tend to have “fairly classic thrusts,” such as a change in management or governance, higher shareholder distributions, an overhaul of corporate structure and operational improvements.

“In BP’s case, we now have a shift in capital allocation and a change in management, so it will be interesting to see if this appeases Elliott, though it would be no surprise if it feels more can and should be done,” Mould said.

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Quick Charge | hydrogen hype falls flat amid very public failures

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Quick Charge | hydrogen hype falls flat amid very public failures

On today’s hyped up hydrogen episode of Quick Charge, we look at some of the fuel’s recent failures and billion dollar bungles as the fuel cell crowd continues to lose the credibility race against a rapidly evolving battery electric market.

We’re taking a look at some of the recent hydrogen failures of 2025 – including nine-figure product cancellations in the US and Korea, a series of simultaneous bus failures in Poland, and European executives, experts, and economists calling for EU governments to ditch hydrogen and focus on the deployment of a more widespread electric trucking infrastructure.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

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Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.

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