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Tern, one of the leading innovators in cargo electric bike design, has just announced its newest model. Get ready to stretch, because here comes the Quick Haul Long.

Tern’s electric cargo bikes have always been known for two things: high-quality heavy-hauling designs and relatively smaller footprints, at least as far as cargo e-bikes go. Years ago, the company basically invented the compact cargo e-bike category.

Tern’s engineers have long been offering just as much — or more — cargo hauling abilities in e-bikes that don’t take up as much space in riders’ garages or living rooms. Look no further than the vertical parking feature built into their rear racks that allows the bikes to take up the same amount of floor space as a coat rack.

Now, with the new Tern Quick Haul Long, the company is finally filling out in the length department with its lower cost model, while still incorporating more of the size and capabilities of its longer GSD model.

The GSD has long been Tern’s flagship longer cargo e-bike, but it also comes with a flagship price, starting at around $4,500 and increasing quickly from there for the even higher-end components. The Quick Haul, on the other hand, is the brand’s smaller and more budget-friendly cargo offering. Now Tern is combining the two, bringing GSD features to the Quick Haul, but leaving the higher price in the dust.

Starting at US $3,799, The Quick Haul Long is still compact by modern cargo e-bike standards, but incorporates more of the GSD’s DNA for even more capability. It’s also now one of the most affordable premium cargo e-bikes on the market available from the higher-tier brands.

“The compact cargo bike category came about when we launched the GSD in 2018,” explained Josh Hon, Tern Team Captain. “Customers loved how such a small little bike could handle so many tasks typically done by car. Since then, we’ve learned a lot about how to make cargo bikes even better, and we applied those insights to the Quick Haul Long. The bike retains the GSD’s core features but it comes at a more accessible price, without compromising safety or reliability.”

The Quick Haul Long sticks with Tern’s typical 20″ wheels, keeping it the same length as a typical larger wheel city bike. However, its long rack and 190 kg (419 lb) weight rating means it can handle significantly more utility tasks. Just that rear rack alone is rated for 90 kg (200 lb), and also has a built-in tow mount for pulling trailers or towing other bikes. Carrying two kids on the rear rack is a breeze, and the bike’s lower center of gravity and stiff frame are optimized for stable, smooth riding.

Even the front cargo mount, which supports an optional front rack or basket, is rated for 20 kg (44 lb). Anyone who has ever loaded up the front of their bike in addition to the rear will know that’s a serious amount of weight, helping to balance out a load and provide more mounting options.

The bike is said to fit riders from 5’1″ to 6’1″, or 155 to 185 cm. The low step-through frame is designed to be easy to mount, as well as easy to hop forward on, especially when you’ve got a couple of wiggling kids on the rear rack and need some extra stability at a red light. For more stability when parked, the bike features one of the strongest dual kickstands I’ve ever seen, and I’ve seen a lot of kickstands. I’ve had a motorcycle or two that I wish Tern had built the kickstand for.

Powering the bike is Bosch’s Cargo Line mid-drive motor, meaning you get the backing of the leading German drive maker as well as all of the warranty and service/support that comes with it.

The bike also features Bosch’s batteries with multiple size options, letting riders dial in the capacity and range they need (and that fits their budget).

And while Tern’s heritage comes from the bike experts of Taiwan, you’d almost think they were a German company based on how much emphasis they put into the engineering and safety certifications on their bikes, including testing to the new DIN79010 standard at the bike’s max capacity of 190 kg (419 lb).

As Hon continued, “The cargo bike segment has exploded in popularity in recent years, with just about every brand introducing their version of a ‘cargo bike.’ But unfortunately, testing and safety standards haven’t kept pace. Germany has recently published the first national testing standard for cargo bikes – DIN79010. We believe that any cargo bike claiming a MGVW over 120 kg should be tested to the DIN 79010 standard—but very few have been so far.”

Electrek’s Take

This definitely feels like Tern’s shot across the bow of budget brands with their popular low-cost cargo e-bike models. There’s no way Tern can compete directly with a $1,500 cargo e-bike, but it can offer significantly better quality components for a compelling price, at least compared to all the $6,000 cargo e-bikes out there.

For those who are trying to decide whether to save money on a budget brand or upgrade to a premium model, this is about the best price you’ll find for a premium electric cargo bike.

I still believe that budget cargo e-bikes have their place, and to be fair, I got my sister one for her family. But we can’t kid ourselves and pretend like there isn’t a quality difference. For someone actually replacing a car and relying on their e-bike daily, that quality difference translates into everyday reliability and the peace of mind of knowing that the bike is designed to last for years, not for a year.

Of course, the fact that the bike runs a Bosch motor is always going to be a double-edged sword in the US. Bosch systems are famously pedal-assist only, meaning no throttles. The Bosch name carries a lot of weight in Europe, but Americans seem to opt for throttle-enable electric bikes nine times out of ten, so it’s an uphill pedal to try and sell non-throttle e-bikes in the States. In Europe though, I can see this thing crushing the pricier alternatives from German and British e-bike brands.

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Oil giant Saudi Aramco posts 15% drop in third-quarter profit but maintains dividend

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Oil giant Saudi Aramco posts 15% drop in third-quarter profit but maintains dividend

Saudi Aramco’s Ras Tanura oil refinery and oil terminal

Ahmed Jadallah | Reuters

Saudi state oil giant Aramco reported a 15.4% drop in net profit in the third-quarter on the back of “lower crude oil prices and weakening refining margins,” but maintained a 31.05 billion dividend.

The company reported net income of $27.56 billion in the July-September period, topping a company-provided estimate of $26.9 billion. The print is also a 5% drop from the previous quarter, which came in at $29.1 billion, as lower global oil prices, weaker demand and prolonged OPEC+ production cuts led by Saudi Arabia continue to impact crude prices.

The average selling price of oil for the second quarter of 2024 stood at $85 per barrel, but dropped to $78.7 per barrel during the third quarter, according to Saudi-based bank Al Rajhi capital, as non-OPEC supply volumes grew.

The oil firm said its year-on-year decline was partly offset by a “reduction in selling, administrative and general expenses primarily driven by a gain from derivative instruments, and a decrease in production royalties largely reflecting lower crude oil prices and a lower average effective royalty rate compared to the same quarter last year.”

Aramco’s dividend includes a base payout of $20.3 billion and an atypical performance-linked one of $10.8 billion. The Saudi government and the kingdom’s sovereign wealth vehicle, the Public Investment Fund, are the main beneficiaries of the dividend, holding stakes of roughly 81.5% and 16% in the company.

The remaining shareholding trades freely on Saudi Arabia’s Tadāwul stock exchange, with the company having finalized its second public share offering back in June.

Aramco’s earnings before Interest and Taxes (EBIT) came in at $51.45 billion in the third quarter, down 17% year-on-year. Aramco’s capital expenditure guidance was brought up 20% to $13.23 billion.

The company was trading at 27.45 riyals following the announcement, down 0.18% on the previous day.

The earnings align with a broader trend across oil majors, whose third-quarter profits have also suffered from declines in crude prices and refining margins. Aramco said it achieved average realized crude price of $79.3 per barrel in the third quarter, compared with $89.3 per barrel in the same period of last year.

Saudi Arabia, the world’s largest crude exporter who produces roughly 9 million barrels per day of crude at present, serves as the de facto leader of the OPEC+ oil producers’ alliance, a subset of whom agreed over the weekend to delay a planned December output hike by one month.

OPEC chief says delayed December output hike is 'nothing unusual'

“Aramco delivered robust net income and generated strong free cash flow during the third quarter, despite a lower oil price environment,” CEO Amin Nasser said in a statement. “We also progressed our upstream developments, strengthened our downstream value chain, and advanced our new energies program as we continue to invest through cycles.”

The revenues will be a boon to the Saudi economy, which is currently undergoing a diversification process under Crown Prince Mohammed bin Salman’s legacy Vision 2030 scheme spanning a slew of high-cost infrastructure “gigaprojects.”

Earlier this year, Saudi Arabia’s Ministry of Finance cut the kingdom’s growth forecast to 0.8% in 2024, in a steep decline from a previous projection of 4.4%, and raised the outlook for the national budgetary shortfall to roughly 2.9% of GDP, from a prior indication of 1.9%.

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Cybertruck backlog runs out, Model S gets stuck, GM hits a sales milestone

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Cybertruck backlog runs out, Model S gets stuck, GM hits a sales milestone

On today’s episode of Quick Charge, Tesla’s Cybertruck is now available in Canada – and, like in the US, there’s no waiting! Plus, we’ve got an “actually” smart summon Tesla that’s actually stuck, GM reaches a sales milestone, and we get a brand-new title sponsor!

Today’s episode is the first with our new title sponsor, BLUETTI – a leading provider of portable power stations, solar generators, and energy storage systems.

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 bonusLucid proves than an EV company can keep its promises while Xiaomi teams up with Chevrolet and Honda to prove – at least conceptually – that records are made to be broken. 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!

Got news? Let us know!
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!

Read more: Renewables now make up 30% of US utility-scale generating capacity

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This ‘supercharger on wheels’ brings fast charging to you [update]

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This 'supercharger on wheels' brings fast charging to you [update]

Mobile car care company Yoshi Mobility launched a DC fast charging EV mobile unit that it likens to “a supercharger on wheels.”

November 4, 2024 update: Yoshi Mobility will only be charging EVs on the side of the road now – it announced today that it’s selling its fleet fueling operation to EZFill Holdings (Nasdaq: EZFL).

It was originally founded as a direct-to-consumer, mobile fueling business in 2016, but now it’s going to focus on mobile EV charging, virtual vehicle inspections for partners like Uber and Turo, and onsite preventative maintenance.

Bryan Frist, Yoshi Mobility’s CEO & cofounder, said, “By spinning off our fuel business and focusing all of our energy on solving hair-on-fire problems that fleet owners face, we are meeting the changing needs of enterprise customers while making the future of transportation safer, cleaner, and more sustainable.”


May 22, 2024: Yoshi Mobility saw that its existing customers needed mobile EV charging in places where infrastructure has yet to be installed, so the Nashville-based company decided to bring the mountain to Moses.

“We recognized a demand among our customers for convenient daily charging, reliable private charging networks, and proper charging infrastructure to support their fleet vehicles as they transition to electric,” said Dan Hunter, Yoshi Mobility’s chief EV officer and cofounder.

The company says its 240 kW mobile DC fast charger, which can turn “any EV” into a mobile charging unit, is the first fully electric mobile charger available. It can provide multiple charges in a single trip but doesn’t detail how they charge the DC fast charger or who manufactured it. (I asked for more details, and they replied that they won’t disclose client names or the manufacturer of its DC fast charger yet.)

Yoshi is launching its mobile charger on two GM BrightDrop Zevo 600s and will introduce additional vehicles throughout 2024. It aims for full commercialization by Q1 2025. (I wonder if the Zevo 600 ever charges itself? Yes, I asked that too.)

Yoshi Mobility says it’s already deployed its EV charging solutions to service “major OEMs, autonomous vehicle companies, and rideshare operators” across the US. Its initial customers are made up of large EV operators managing “hundreds” of light-duty vehicles requiring up to 1 megawatt of energy per day that don’t yet have grid-connected EV chargers. I’ve asked Yoshi for details of who it’s working with, and will update if they share that info.

The company says pricing is based on location and enterprise charging needs. Once under contract for service, the service will be deployed to US-based customers within 10 days.

To date, Yoshi Mobility has raised more than $60 million, with investments from GM Ventures, Bridgestone, ExxonMobil, and Y-Combinator in Silicon Valley.

Read more: Mercedes-Benz just opened more DC fast chargers at Buc-ee’s in Texas


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