Segway launching wild-looking 100 mile smart e-bikes & new US bike division
Segway is planting its e-bike flag in the US with a new dedicated electric bike team ahead of the upcoming launch of its two hotly anticipated long-range electric bicycle models, the Segway Xafari and Xyber.
The two impressive (and perhaps slightly imposing) e-bike models were first unveiled earlier this year and are still slated for a launch in Q1 2025, which is now fast approaching.
While Segway hasn’t spilled all the beans yet (that’s likely coming ahead of the January 7 pre-order launch), we do know that the more commuter-looking Xafari is rated for 88 miles (141 km) of range while the moto-styled Xyber will apparently be capable of up to 100 miles (160 km) per charge in its dual battery format.
Despite the radically different designs of the two bikes, they’re both technically classified as electric bikes, sporting all the necessary gear (mainly the fully functional pedals) and presumably operating within the current US three-class e-bike regulations.
But more than typical electric bikes, Segway’s models appear to be armed to the teeth with smart tech, providing incredibly connected bikes using what is known as the “Segway Intelligent Ride System”. The company describes it as “industry-leading technology with features that have more in common with cars than e-bikes.”
“In many ways, we’re a technology company first,” explained Segway’s head of e-bike Nick Howe. “Product conversations start with discussions of ‘tech stacks’ and expand from there. We are using our technology to create a more seamless user experience much like what has been done with automobiles.”
What kind of features are we talking about here? Your guess is as good as mine, but we expect to learn more as the pre-order date approaches early next year. From the pictures alone we can see both models feature full-suspension, hydraulic disc brakes, integrated lighting, fenders, and chunky batteries indicative of the long-range figures we’ve heard so far, not to mention the futuristic and sleek designs. The Xafari takes on a more recognizable cycling-focused design and includes a rear rack, while the Xyber looks more like a mini-moto, despite its pedals helping it retain that coveted e-bike classification for legal riding.
As part of the preparations for what is shaping up to be a major US launch, Segway has begun building up extensive operations stateside, including a dedicated e-bike division.
The company’s head of e-bike, Nick Howe, joined Segway this summer, bringing with him 25 years of experience in the cycling industry. That includes serving as the executive director of Orbea and as the global brand director for Trek, not to mention having owned and operated several Colorado bike shops.
Other key additions to the team include Heather Henderson as senior brand manager and Sophie Eaton as sales operations director. Henderson previously served in various roles at Trek, Cannondale, and Cervélo Cycles, and she has also owned and operated her own bike shop. Eaton has senior sales experience with HLC, Cinelli Bicycles, Giant Bicycle, and Clif Bar.
In other words, Segway has snatched up some key cycling industry folks for its e-bike division’s leadership team, underscoring the brand’s focus on a major rollout with these two new models and perhaps more to follow in the future. “These are two incredible yet very different bikes and this is only the beginning,” said Howe. “We can’t wait to show you what else we have in store for 2025 and beyond.”
In addition to building up its US team and preparing for the launch of the Xyber and Xafari models, Segway has also announced plans to grow a national dealer network in the US.
The brand has shared that it will focus on independent bicycle shops, dedicated electric bicycle shops, and what it is calling “other bicycle dealers” or OBDs—shops that may not be bike-specific but are a good fit for its e-bikes, such as motorcycle, powersports, and outdoor retailers.
Not limiting itself to only retail sales, Segway is also offering online sales options where the bikes can be ordered online and then shipped to a local dealer of their choice for assembly. This method also helps ensure riders know where they can easily find service for their bikes.
“These are awesome machines,” said Howe. “But they’re also very sophisticated and technical. We want to ensure the customer has the best experience possible, and that means professional assembly and service. It also gives us a great opportunity to support the dealers who are the backbone of the bicycle industry.”
While there are many technical details and specs we’re still waiting for, we do have a hint at the pricing. Segway has claimed that the new models will “top out in the $3,000 range.” The company is pitching that as a major deal considering the technology included in the bikes. It’s a bit hard to judge that yet without knowing what that technology package looks like, or the rest of the bikes’ specs, but suffice it to say that we’re likely looking at e-bikes that will fall somewhere in the underserved gap between the budget and premium ends of the spectrum.
These aren’t likely to compete on price with the budget e-bikes out there, but should also be more affordable than heading to the usual suspects of premium e-bike companies like Specialized, Trek, Giant, and others that have long enjoyed major market share on the more premium end of the spectrum.
What do you think of the upcoming Segway Xafari and Xyber, at least based on the details we know so far? Let’s hear your thoughts in the comment section below.
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Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, U.S., March 25, 2021.
Handout | Via Reuters
Block jumped more than 5% on Monday, leading a rally in shares of fintech companies as analysts downplayed the threat of JPMorgan Chase’s reported plan to charge data aggregators for access to customer financial information.
The recovery followed steep declines on Friday, after Bloomberg reported that JPMorgan had circulated pricing sheets outlining potential fees for aggregators like Plaid and Yodlee, which connect fintech platforms to users’ bank data.
In a note to clients on Monday, Evercore ISI analysts said the potential new expenses were “far from a ‘business model-breaking’ cost increase.”
In addition to Block’s rise, PayPal climbed 3.5% on Monday after sliding Friday. Robinhood and Shift4 recorded modest gains.
Broader market momentum helped fuel some of the rebound. The Nasdaq closed at a record, and crypto rallied, with bitcoin climbing past $123,000. Ether, solana, and other altcoins also gained.
Evercore ISI’s analysts said that even if JPMorgan’s changes were implemented, the most immediate effect would be a slight bump in the cost of one-time account setups — perhaps 50 to 60 cents.
Morgan Stanley echoed that view, writing that any impact would be “negligible,” especially for large fintechs that rely more on debit, credit, or stored balances than bank account pulls for transactions.
PayPal doesn’t anticipate much short-term impact, according to a person with knowledge of the issue. The person, who asked not to be named in order to speak about private financial matters, noted that PayPal relies on aggregators primarily for account verification and already has long-term pricing contracts in place.
While smaller fintechs that depend heavily on automated clearing house (ACH) rails or Open Banking frameworks for onboarding and compliance may face real pressure if the fees take effect, analysts said the larger platforms are largely insulated.
WATCH: Congress moves to redraw $3.7 trillion crypto market rules, opening door to Wall Street
The global EV market is still charging ahead. According to new numbers from global research firm Rho Motion, 9.1 million EVs were sold worldwide in the first half of 2025, up 28% compared to the same period last year. But not every region is accelerating at the same pace.
China and Europe are doing the heavy lifting
More than half of the world’s EVs this year have been bought in China. That market hit 5.5 million sales in the first six months of 2025 – a 32% jump year-over-year. Around half of new cars bought in China are now electric.
While some Chinese cities’ subsidies have dried up, Rho Motion expects momentum to pick back up later in the year as more funding is released.
In Europe, 2 million EVs were sold in the first half of the year, up 26%. Battery electric vehicle (BEV) sales also rose 26%, thanks in part to affordable models like the Renault 4 (pictured) and 5 entering the market. Plug-in hybrids (PHEVs) weren’t far behind, growing 27% year-to-date. Chinese automakers are leaning into PHEVs as a way to work around the EU’s new tariffs on BEVs.
Spain is leading the pack with EV sales soaring 85% so far this year. Its generous MOVES III incentive program was extended in April and has kept sales strong. The UK and Germany are also seeing solid growth – 32% and 40%, respectively. France, however, is slumping. With subsidies cut, EV sales there have dropped 13%.
North America is stuck in the slow lane
Things aren’t looking quite as bright in North America. EV sales in the US, Canada, and Mexico are up just 3% so far this year.
Mexico is the one bright spot, with a 20% boost. The US is up 6%. But Canada is down a whopping 23%.
And things could get bumpier. On July 4, Trump signed Congress’s big bill into law, which axes all the Inflation Reduction Act EV tax credits. Those consumer credits for EVs now officially end on September 30.
Just over half of the EVs sold in the US this year qualified for those credits. Rho Motion predicts a rush in Q3 before the subsidies disappear – and a decline in sales after that.
Rho Motion data manager Charles Lester said, “With Trump’s latest cuts in his ‘Big Beautiful Bill,’ the US could struggle to see any growth in the EV market overall in 2025.”
Global EV sales snapshot, H1 2025 vs H1 2024
- Global: 9.1 million (+28%)
- China: 5.5 million (+32%)
- Europe: 2.0 million (+26%)
- North America: 0.9 million (+3%)
- Rest of world: 0.7 million (+40%)
Read more: China breaks records as global EV sales hit 7.2 million in 2025
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Lucid’s electric sedan can drive further, charge faster, and packs more advanced tech than most of the competition. That might explain why it’s leading the segment. The Lucid Air remained the best-selling luxury EV sedan in the US after widening its lead in the Q2.
The Lucid Air is America’s best-selling luxury EV sedan
The 2025 Lucid Air Pure arrived as the “World’s most efficient car” with an EPA-estimated range of 420 miles and a record 146 MPGe.
It just set a new Guinness World Record last week for the longest journey by an electric car after travelling 749 miles (1,205 km) on a single charge.
That record was set in the range-topping Lucid Air Grand Touring model, which is rated for up to 512 miles of EPA-estimated range. On the WLTP scale, it’s rated at 597 miles (960 km). Either way, it still crushed the estimates.
According to second-quarter sales data, released by Kelley Blue Book on Monday, the Lucid Air is still America’s best-selling luxury EV.
Lucid sold 2,630 Air models in Q2, up 10% from the previous year. Through the first half of 2025, Lucid Air sales are up 17% with 5,094 units sold.
Tesla, on the other hand, only sold 1,435 Model Ss during the quarter, 71% fewer than it did in Q2 2024. Tesla Model S sales in the US are down 70% through the first half of the year at 2,715.
Although Porsche Taycan sales were up 32% with 1,064 models sold, the significantly upgraded 2025 model year was expected to see even more demand. Porsche has 2,083 Taycans in the US this year, up just 1% from 2024.
Other luxury EV sedans, such as the BMW i5 (1,434), i7 (820), and the Mercedes EQS (498), experienced steep double-digit sales declines year-over-year.
And it’s not just electric luxury sedans. The Lucid Air is currently outselling many gas-powered vehicles in its segment.
Lucid’s first electric SUV, the Gravity, is also rolling out. Although only five were sold in the second quarter, Lucid is quickly scaling production. Lucid aims to produce 20,000 vehicles this year, more than double the roughly 9,000 it built in 2024.
Earlier today, Lucid’s interim CEO, Marc Winterhoff, confirmed during an interview with Bloomberg that the company expects higher Gravity output in the second half of the year.
The interview was at the grand opening of Panasonic’s new battery cell plant in De Soto, Kansas. Winterhoff said Lucid will start using new cells from the facility, but not until next year.
Lucid’s CEO stressed the importance of establishing a local supply chain, as policy changes under the Trump Administration are taking effect. Lucid and Panasonic are collaborating to localize EV materials, such as graphite. Last month, Lucid secured a multi-year supply agreement with Graphite One for US-sourced Graphite.
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