Velotric continues to impress me with each new launch, and the Velotric Fold 1 has no plans to ruin that streak. Having spent some solid saddle time with the bike now, I can tell you that this is one of the best electric folders out there right now for e-bike shoppers on a budget.
Don’t believe me? You’ll understand when you see it in action. Check out my video review below to see what I mean. And then continue on below for my complete thoughts on this impressive e-bike.
Velotric Fold 1 video review
Velotric Fold 1 tech specs
Motor: 750W (1,050W peak-rated) rear hub motor with 70Nm of torque
Top speed: 28 mph (50 km/h)
Range: Claimed up to 55 miles (up to 88 km)
Battery: 48V 608Wh
Weight: 63 lb (28.6 kg)
Load capacity: 440 lb (200 kg)
Frame: Aluminum alloy
Tires: 20×3.0″ semi-fat tires
Brakes: Dual-piston hydraulic disc brakes on 180mm rotors
Extras: LCD display, 5 pedal assist levels, front and rear LED light with brake light, front coil spring suspension, kickstand, internally routed cables, removable battery, cadence sensor, UL-compliant battery and e-bike system
In one word: Impressive
This e-bike definitely impressed me, plain and simple.
It’s a fairly unassuming bike and doesn’t outwardly look like it should be that special, but it hides away several key features that have definitely won me over. And that’s coming from someone who has tested literally hundreds of e-bikes over the last few years.
First of all, let’s talk about safety. The bike is certified for UL 2849, which covers the battery, motor, controller, wiring, charger, and basically everything else in the electrical system. The bike is also certified to the ISO 4210 standard, which includes all of the mechanical tests associated with e-bikes. So they’ve covered their bases more than most companies on the mechanical and electrical side of things.
Next, the bike just rides really nicely. The 28 mph is nice, but so many e-bikes are Class 3 these days that you need more than just a 28 mph speed to impress me.
The bike actually feels good at those speeds, partly due to the choice to include 3.0-inch semi-fat tires. These are more nimble than full 4.0-inch fat tires, yet offer better cushion than common 2 or 2.5-inch tires. When combined with the front suspension fork (which is alright but not exactly a showstopper component), the bike has some quite good shock absorption underneath it. The geometry also keeps the bike from feeling too squished in the cockpit, which can happen with some folding e-bikes.
Now let’s keep in mind that this is a $1,149 e-bike here, and so I’m not saying these are fancy Maxxis tires or high-end RockShox suspension – neither is true. But for the price, the ride and the feel impressed me right out of the gate. The bike just rides smoothly and feels wonderful underneath me.
Continuing on, the touch points all feel good. The saddle is comfortable for me, the buttons for the controls are easily accessible for a quick thumb jab, and the LCD screen is super bright. I had gotten used to Velotric’s nicer color screen on the company’s higher-end e-bikes, so I was worried at first about “downgrading” back to a simple black-and-white LCD screen. But I was amazed at how bright and easy to read the screen is.
You can see from my riding footage (screenshot below) that even in direct sunlight while barrelling down the road, the display is vivid and not washed out.
Many LCD screens are difficult to read unless you’re in the shade or have overcast skies. But this screen’s big digits and bright backlight make it incredibly visible.
Is the Velotric Fold 1 a Lectric XP 3.0 competitor?
Velotric doesn’t explicitly state this the way some other e-bike companies do, but yes, this e-bike is meant to compete against the Lectric XP 3.0, which is currently the best-selling e-bike in the US. And I’d say it gives that bike a serious run for its money.
Not only does it look nicer with the beautiful blue color option (though I guess the gray and white options from Velotric are alright too), but it has some real advantages on the use side. It’s easier to fold and you can take the battery out without folding the bike, which is great for anyone who wants to charge the battery off of the bike. I love the XP 3.0, but pulling the battery out when you don’t plan to completely fold the bike is a bit of a pain.
The Velotric Fold 1 still costs $100 more than the base XP 3.0, but it’s got some compelling advantages, not to mention the bigger battery. And as someone who loves bright e-bike colors, that shiny blue is worth something right there!
What would I improve?
No e-bike is without fault in my eyes, and so I can always find room for improvement. On the Velotric Fold 1, I’d have loved to see a slightly larger battery and a torque sensor for smoother pedal assist. But I can understand that both of those would be tricky while maintaining the current price tag.
I also wish they had included the Apple FindMy feature that they have in their higher-dollar e-bikes, though again, I certainly understand that some sacrifices must be made to keep this e-bike so affordable.
What’s the summary?
While the Velotric Fold 1 isn’t perfect, I find that when it is judged within its price class, it’s a serious top contender. The bike is equal parts fast yet comfortable, peppy yet controllable, and simple yet refined.
It’s easy to fold and not overly heavy (though it’s hard to call a 63-lb e-bike “lightweight”), and it’s pretty darn easy to toss it in the back of a car when you want to take it with you on a trip.
With hydraulic brakes, included rack and fenders, and full LED lighting, it’s got all the components I want to see on my everyday commuter e-bikes, yet is ready for more than just commutes. It can carry cargo and serve as a fun urban adventure bike, too.
The bike does make a few sacrifices to reach its attractive US $1,149 price tag, but I’m ok with those small compromises because the sum here is greater than the parts. And that’s what I’m always looking for: an e-bike that adds up to something that can meet my needs and feels good while doing it.
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Tesla has launched a new software update for its vehicles that includes the anticipated integration of Grok, but it doesnt even interface with the car yet.
Today, Tesla started pushing the update to the fleet, but there’s a significant caveat.
The automaker wrote in the release notes (2025.26):
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Grok (Beta) (US, AMD)
Grok now available directly in your Tesla
Requires Premium Connectivity or a WiFi connection
Grok is currently in Beta & does not issue commands to your car – existing voice commands remain unchanged.
First off, it is only available in vehicles in the US equipped with the AMD infotainment computer, which means cars produced since mid-2021.
But more importantly, Tesla says that it doesn’t send commands to the car under the current version. Therefore, it is simply like having Grok on your phone, but on the onboard computer instead.
Tesla showed an example:
There are a few other features in the 2025.26 software update, but they are not major.
For Tesla vehicles equipped with ambient lighting strips inside the car, the light strip can now sync to music:
Accent lights now respond to music & you can also choose to match the lights to the album’s color for a more immersive effect
Toybox > Light Sync
Here’s the new setting:
The audio setting can now be saved under multiple presets to match listening preferences for different people or circumstances:
The software update also includes the capacity to zoom or adjust the playback speed of the Dashcam Viewer.
Cybertruck also gets the updated Dashcam Viewer app with a grid view for easier access and review of recordings:
Tesla also updated the charging info in its navigation system to be able to search which locations require valet service or pay-to-park access.
Upon arrival, drivers will receive a notification with access codes, parking restrictions, level or floor information, and restroom availability:
Finally, there’s a new onboarding guide directly on the center display to help people who are experiencing a Tesla vehicle for the first time.
Electrek’s Take
Tesla is really playing catch-up here. Right now, this update is essentially nothing. If you already have Grok, it’s no more different than having it on your phone or through the vehicle’s browser, since it has no capacity to interact with any function inside the vehicle.
Most other automakers are integrating LLMs inside vehicles with the capacity to interact with the vehicle. In China, this is becoming standard even in entry-level cars.
In the Xiaomi YU7, the vehicle’s AI can not only interact with the car, but it also sees what the car sees through its camera, and it can tell you about what it sees:
Tesla is clearly far behind on that front as many automakers are integrating with other LLMs like ChatGPT and in-house LLMs, like Xiaomi’s.
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Robinhood stock hit an all-time high Friday as the financial services platform continued to rip higher this year, along with bitcoin and other crypto stocks.
Robinhood, up more than 160% in 2025, hit an intraday high above $101 before pulling back and closing slightly lower.
The reversal came after a Bloomberg report that JPMorgan plans to start charging fintechs for access to customer bank data, a move that could raise costs across the industry.
For fintech firms that rely on thin margins to offer free or low-cost services to customers, even slight disruptions to their cost structure can have major ripple effects. PayPal and Affirm both ended the day nearly 6% lower following the report.
Despite its stellar year, the online broker is facing several headwinds, with a regulatory probe in Florida, pushback over new staking fees and growing friction with one of the world’s most high-profile artificial intelligence companies.
Florida Attorney General James Uthmeier opened a formal investigation into Robinhood Crypto on Thursday, alleging the platform misled users by claiming to offer the lowest-cost crypto trading.
“Robinhood has long claimed to be the best bargain, but we believe those representations were deceptive,” Uthmeier said in a statement.
The probe centers on Robinhood’s use of payment for order flow — a common practice where market makers pay to execute trades — which the AG said can result in worse pricing for customers.
Robinhood Crypto General Counsel Lucas Moskowitz told CNBC its disclosures are “best-in-class” and that it delivers the lowest average cost.
“We disclose pricing information to customers during the lifecycle of a trade that clearly outlines the spread or the fees associated with the transaction, and the revenue Robinhood receives,” added Moskowitz.
Robinhood is also facing opposition to a new 25% cut of staking rewards for U.S. users, set to begin October 1. In Europe, the platform will take a smaller 15% cut.
Staking allows crypto holders to earn yield by locking up their tokens to help secure blockchain networks like ethereum, but platforms often take a percentage of those rewards as commission.
Robinhood’s 25% cut puts it in line with Coinbase, which charges between 25.25% and 35% depending on the token. The cut is notably higher than Gemini’s flat 15% fee.
It marks a shift for the company, which had previously steered clear of staking amid regulatory uncertainty.
Under President Joe Biden‘s administration, the Securities and Exchange Commission cracked down on U.S. platforms offering staking services, arguing they constituted unregistered securities.
With President Donald Trump in the White House, the agency has reversed course on several crypto enforcement actions, dropping cases against major players like Coinbase and Binance and signaling a more permissive stance.
Even as enforcement actions ease, Robinhood is under fresh scrutiny for its tokenized stock push, which is a growing part of its international strategy.
The company now offers blockchain-based assets in Europe that give users synthetic exposure to private firms like OpenAI and SpaceX through special purpose vehicles, or SPVs.
An SPV is a separate entity that acquires shares in a company. Users then buy tokens of the SPV and don’t have shareholder privileges or voting rights directly in the company.
OpenAI has publicly objected, warning the tokens do not represent real equity and were issued without its approval. In an interview with CNBC International, CEO Vlad Tenev acknowledged the tokens aren’t technically equity shares, but said that misses the broader point.
“What’s important is that retail customers have an opportunity to get exposure to this asset,” he said, pointing to the disruptive nature of AI and the historically limited access to pre-IPO companies.
“It is true that these are not technically equity,” Tenev added, noting that institutional investors often gain similar exposure through structured financial instruments.
The Bank of Lithuania — Robinhood’s lead regulator in the EU — told CNBC on Monday that it is “awaiting clarifications” following OpenAI’s statement.
“Only after receiving and evaluating this information will we be able to assess the legality and compliance of these specific instruments,” a spokesperson said, adding that information for investors must be “clear, fair, and non-misleading.”
Tenev responded that Robinhood is “happy to continue to answer questions from our regulators,” and said the company built its tokenized stock program to withstand scrutiny.
“Since this is a new thing, regulators are going to want to look at it,” he said. “And we expect to be scrutinized as a large, innovative player in this space.”
SEC Chair Paul Atkins recently called the model “an innovation” on CNBC’s Squawk Box, offering some validation as Robinhood leans further into its synthetic equity strategy — even as legal clarity remains in flux across jurisdictions.
Despite the regulatory noise, many investors remain focused on Robinhood’s upside, and particularly the political tailwinds.
The company is positioning itself as a key beneficiary of Trump’s newly signed megabill, which includes $1,000 government-seeded investment accounts for newborns. Robinhood said it’s already prototyping an app for the ‘Trump Accounts‘ initiative.
Korean auto giants Hyundai and Kia think lower-priced EVs will help minimize the blow from the new US auto tariffs. Hyundai is set to unveil a new entry-level electric car soon, which will be sold alongside the Kia EV2. Will it be the IONIQ 2?
Hyundai and Kia shift to lower-priced EVs
Hyundai and Kia already offer some of the most affordable and efficient electric vehicles on the market, with models like the IONIQ 5 and EV6.
In Europe, Korea, Japan, and other overseas markets, Hyundai sells the Inster EV (sold as the Casper Electric in Korea), an electric city car. The Inster EV starts at about $27,000 (€23,900), but Hyundai will soon offer another lower-priced EV, similar to the upcoming Kia EV2.
The Inster EV is seeing strong initial demand in Europe and Japan. According to a local report (via Newsis), demand for the Casper Electric is so high that buyers are waiting over a year for delivery.
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Hyundai is doubling down with plans to introduce an even more affordable EV, rumored to be the IONIQ 2. Xavier Martinet, CEO of Hyundai Motor Europe, said during a recent interview that “The new electric vehicle will be unveiled in the next few months.”
Hyundai Casper Electric/ Inster EV models (Source: Hyundai)
The new EV is expected to be a compact SUV, which will likely resemble the upcoming Kia EV2. Kia will launch the EV2 in Europe and other global regions in 2026.
Hyundai is keeping most details under wraps, but the expected IONIQ 2 is likely to sit below the Kona Electric as a smaller city EV.
Kia Concept EV2 (Source: Kia)
More affordable electric cars are on the way
Although nothing is confirmed, it’s expected to be priced at around €30,000 ($35,000), or slightly less than the Kia EV3.
The Kia EV3 starts at €35,990 in Europe and £33,005 in the UK, or about $42,000. Through the first half of the year, Kia’s compact electric SUV is the UK’s most popular EV.
Kia EV3 (Source: Kia)
Like the Hyundai IONIQ models and Kia’s other electric vehicles, the EV3 is based on the E-GMP platform. It’s available with two battery packs: 58.3 kWh or 81.48 kWh, providing a WLTP range of up to 430 km (270 miles) and 599 km (375 miles), respectively.
Hyundai is expected to reveal the new EV at the IAA Mobility show in Munich in September. Meanwhile, Kia is working on a smaller electric car to sit below the EV2 that could start at under €25,000 ($30,000).
Kia unveils EV4 sedan and hatchback, PV5 electric van, and EV2 Concept at 2025 Kia EV Day (Source: Kia)
According to the report, Hyundai and Kia are doubling down on lower-priced EVs to balance potential losses from the new US auto tariffs.
Despite opening its new EV manufacturing plant in Georgia to boost local production, Hyundai is still expected to expand sales in other regions. An industry insider explained, “Considering the risk of US tariffs, Hyundai’s move to target the European market with small electric vehicles is a natural strategy.”
2025 Hyundai IONIQ 5 (Source: Hyundai)
Although Hyundai is expanding in other markets, it remains a leading EV brand in the US. The IONIQ 5 remains a top-selling EV with over 19,000 units sold through June.
After delivering the first IONIQ 9 models in May, Hyundai reported that over 1,000 models had been sold through the end of June, its three-row electric SUV.
While the $7,500 EV tax credit is still here, Hyundai is offering generous savings with leases for the 2025 IONIQ 5 starting as low as $179 per month. The three-row IONIQ 9 starts at just $419 per month. And Hyundai is even throwing in a free ChargePoint Home Flex Level 2 charger if you buy or lease either model.
Unfortunately, we likely won’t see the entry-level EV2 or IONIQ 2 in the US. However, Kia is set to launch its first electric sedan, the EV4, in early 2026.
Ready to take advantage of the savings while they are still here? You can use our links below to find deals on Hyundai and Kia EV models in your area.
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