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It’s true: cargo e-bikes are replacing trucks and vans for city deliveries like we’ve never seen before. With an ever-increasing push towards removing those heavy vehicles from our roads, larger electric cargo bikes are starting to pop up, offering to handle more of the loads typically seen carried by trucks. The new Cityshuttle ePack4 is the latest, and perhaps the biggest, to grace the streets.

Cityshuttle’s new cargo e-bike is based on a four-wheeled design that tows a cargo trailer with its own pair of wheels. The setup looks vaguely like your typical 18-wheeler semi-truck, just with a third of the wheels and 150th of the weight.

Riding on bicycle tires and featuring an electric bicycle drivetrain, the ePack4 may look like a delivery truck, but it’s all bike under the hood.

Innovative suspension in the cab and trailer provides a smoother ride for the operator and cargo without sacrificing cargo space. Hand controls follow typical recumbent trike designs, while the bubble nose extends far enough for the rider to operate the pedals.

And for added efficiency and reduced complexity, the designers have eschewed the typical bicycle drivetrain that uses a chain or belt, and instead replaced it with a drive-by-wire system. These are becoming increasingly common in large cargo e-bikes that don’t want to sacrifice cargo space to a chain run, and instead use a generator at the pedals to transfer the energy to the rear wheel, no chains needed.

The ePack4 features four cubic meters of cargo space, or around 140 cubic feet, and can support up to 350 kg of load (771 pounds).

The rear trailer is so big that the company touts its added value as selling digital advertising space as it slips past stopped traffic via the bike lane.

And in case you’re wondering, yes, the bike is apparently legal in bike lanes in the UK, where Cityshuttle is based. The same goes for much of Europe, but for other areas operators will likely need to check the local regulations.

To cater to delivery businesses and courier services, Cityshuttle has outfitted the ePack4 with a number of added features, including GPS tracking, remote fleet management, and a live CCTV feed.

For those that don’t need a massive four cubic meters of storage, there’s also a half-sized two cubic meter trailer option, a tipper trailer, a flat bed, and even a refrigerated trailer. According to the company, a trailer swap takes just two minutes.

“We are thrilled to introduce the ePack4, the world’s largest last-mile cargo delivery bike,” explained company founder Keith Jones in a comment provided to Electrek. “Green in colour, green by nature. We are looking to become the go-to manufacturer for last-mile logistics. Whether it’s cargo, refrigerated, local authorities, we have a flexible solution for all.”

The ePack4 is currently manufactured in the UK, and the company expects to begin larger volume production in 2025. For now, Cityshuttle is focusing on expanding its market in the UK and Europe, where the company claims to be “already generating significant interest.”

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Chevron sees no signs that U.S. is close to a recession, CEO says

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Chevron sees no signs that U.S. is close to a recession, CEO says

Chevron CEO Mike Wirth: No signs that we're in or close to a recession at this point

Chevron is not seeing signs that the U.S. is close to a recession even as President Donald Trump’s tariffs weigh on expectations for oil demand, CEO Mike Wirth said Tuesday.

“There’s no signs that we see at this point that we are in or close to a recession,” Wirth told CNBC’s “Squawk Box.” “There are signs that growth may be slowing and we have to always be prepared for that.”

The International Monetary Fund on Monday cut its growth outlook for the U.S. this year to 1.8%, down from 2.7% previously.

The oil market is expecting reduced demand as a consequence of Trump’s tariffs and the decision by OPEC+ increase production faster than expected, Wirth said. Chevron isn’t changing its capital spending plans in response to drop in prices, the CEO said.

U.S. crude oil prices have fallen about 11% since Trump announced his tariffs on April 2. West Texas Intermediate was last up about 72 cents at $63.80 per barrel. OPEC and the International Energy Agency have cut their demand outlooks for this year.

Wirth said U.S. onshore oil production in patches like the Permian Basin is likely to pull back if prices hit $60 per barrel. Offshore production likely won’t be affected, he said.

“That’s an area where if we were to be at a $60 price or even lower you’re likely to see activity pull back in this sector and you’ll see the production response over a few months,” Wirth said. “That’s what we should watch, not so much the deep water activity.”

Chevron is not expecting a major direct impact on its business from Trump’s tariffs as energy has largely been exempt from the levies, Wirth said.

“The effects that we feel are likely to be more the macroeconomic effects as they flow through the economy,” Wirth said. “The bigger issues would be what would it mean for growth, and global trade and how does that evolve.”

Executives at oil and gas companies were scathing in their criticism of Trump’s tariffs in an anonymous March survey by the Federal Reserve Bank of Dallas, warning that steel tariffs were raising their costs and low prices could impact their activity.

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Billionaire battle: Bezos’ $25K Slate EV breaks cover ahead of Tesla earnings call

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Billionaire battle: Bezos' K Slate EV breaks cover ahead of Tesla earnings call

Little is known about super-secretive EV startup Slate, but the fledgling brand is rumored to be backed by Jeff Bezos and determined to shake up the existing electric order with an affordable lineup of compact SUVs and pickups with that golden $25,000 price tag.

Now, at least, we know what it’s gonna look like. The battle of the billionaires is on!

Redditor jonjopop over at the spotted subreddit spotted what looks like an early prototype of an unbranded SUV with bizarre “CryShare” wrap. CryShare, as a concept, seems to combine the functionality of a ride sharing app like Uber or Lyft with the familiar (to parent, anyway) idea that small babies will often sleep better in a moving car than in their own cribs … but that’s not what’s important here.

Instead, focus on the vehicle itself – parked on Abbot Kinney Boulevard in Los Angeles without explanation or fanfare, this is our best look yet at the kind of vehicle(s) Slate is likely to reveal in the coming days.

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Stumbled upon the Bezosmobile [Slate Automotive…idk?] being revealed with an absolutely bizarre marketing campaign
byu/jonjopop inspotted

Other local automotive journalists caught wind of the public unveiling, too – and our friends at The Autopian (Hi, Matt!) sent their own David Tracy out on the streets of LA to check it out. Tracy took the following video and posted it to Instagram.

The Slate breaking cover and causing buzz just ahead of what’s sure to be a painful Q1 earnings call for Tesla is a masterstroke of marketing – especially as doubts surrounding the viability of a “less expensive” Tesla Model Y or Model 3 continue to mount amid the uncertainty of Trump’s tariffs and declining sales of the brand’s more profitable models both at home and abroad.

As with so much involving Slate, however, there is nothing here written in stone – or even cast in cheese. Nothing has been announced, nothing is promised, and for all we know this might have more to do with the affordable Rivian brand launch, a new BYD, or be a viral marketing bit from some local Art Center design student in (relatively) nearby Pasadena. In fact, about the only thing I think we can say about Bezos (?) new Slate project with confidence today is this: Elon could probably use that drink.

SOURCES | IMAGES: Reddit, The Autopian.


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Gold tops $3,500 an ounce as Trump attack on Fed shakes confidence in U.S.

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Gold tops ,500 an ounce as Trump attack on Fed shakes confidence in U.S.

Gold prices rebounded on Tuesday from a near four-week low reached in the previous session, as heightened concerns over the global trade war between the United States and its key trading partners lifted investor appetite for safe-haven assets.

Chris Ratcliffe | Bloomberg | Getty Images

Gold prices rallied Tuesday, hitting a record as President Donald Trump‘s repeated threats against the Federal Reserve’s independence have shaken investors and undermined confidence in the U.S.

Gold futures hit a session high of $3,509.90 per ounce Tuesday, after closing at a record $3,425.30 on Monday. The precious metal was last up 1.1% at $3,463.20. Gold has rallied about 31% since the start of the year and more than 9% since Trump announced sweeping tariffs on April 2.

Trump ratcheted up his public pressure campaign against Federal Reserve Chairman Jerome Powell on Monday, demanding he immediately lower interest rates and attacking him as a “major loser.” Equity markets sold off in response, with the Dow Jones Industrial Average falling more than 970 points.

Gold is viewed as a safe-haven asset in times of economic uncertainty. Central banks around the world have been adding to their gold reserves, supporting the precious metal’s rally this year.

“Gold has continued to serve as an effective hedge amid ongoing trade uncertainty,” analysts led by Mark Haefele, global wealth management chief Investment officer at UBS, told clients in a Tuesday note.

“Despite this strong performance, we see further upside potential,” Haefele said. “We continue to see support from investment demand, ongoing central bank diversification and a volatile macro backdrop.”

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