There’s nothing worse than a weak cargo e-bike that struggles on hills and under heavy loads. That’s why Heybike ensured the deck was stacked in riders’ favor when they built the Heybike Hauler electric cargo bike. With a 1,400W peak-rated motor and 28 mph speeds, it sounded ready to rock n’ roll. And now that I’ve been testing one out for a while, here are my thoughts on the latest budget-oriented yet high-power family e-bike.
Want to see what it’s like to ride one of these e-bikes yourself? I’ve got a video review below. Or keep reading for the full written review.
Heybike Hauler Video Review
Heybike Hauler Tech Specs
Motor: 750W continuous (1,400W peak) rear geared hub motor
Top speed: 45 km/h (28 mph)
Range: Claimed up to 136 km (85 mi) with second battery
Battery: 48V 18Ah (864Wh) battery in down tube and optional 48V 12.5Ah external battery for 1,464Wh total
Brakes: FastAce hydraulic two-piston disc brakes on 180 mm rotors
Max load: 200 kg (440 lb)
Bike weight: 40-44 kg (88-97 lb) with single or double battery option
Extras: LCD display, LED head & tail lights with turn signals, right-side thumb throttle, double (Y) kickstand, suspension fork, 3″ semi-fat tires, smartphone app connectivity, three color options (yellow, white, and blue), and included fenders & rear rack
Power and speed, whether you want it or not
As a Class 3-aspiring electric bike, the Heybike Hauler can reach speeds of up to 45 km/h (28 mph), though weirdly it can be done on both throttle and pedal assist. Normally, Class 3 e-bikes will have their throttles cut out at 20 mph, so this is a bit outside the scope of even a liberal interpretation of the three-class e-bike system. However, many people do like the ability to ride fast on throttle only, so I’m sure this will make a lot of people happy to hear.
The 1,400W motor also ensures riders are accelerating quickly and climbing hills like a champ, both of which are important to cargo e-bikes which can often be loaded down with extra weight.
Heybike claims a max load capacity of 440 lb (200 kg), which is a massive amount of weight and probably more than most people will ever need to carry. The bike itself is already between 88 to 97 lb (40-44 kg) depending on the variant, so we’re talking about some serious poundage here.
Two battery options for long-range riding
I love dual battery electric bikes, and even more than that, I love e-bikes that let you decide if you want that second battery.
The Heybike Hauler can come with either a single 864Wh battery, which is already a big pack, or you can get a second battery for a total of 1,464Wh of capacity.
That’s a ton of battery, and the company claims a range of up to 85 miles (136 km), though only in pedal assist. Even on throttle only, you’re likely going to get more than half of that, which is a lot of range for a big e-bike.
The Hauler comes loaded with several nice features, including foldup foot rails in the back and built-in side protectors so kids’ feet don’t wander into the rear wheel. I do wish the frame rails in the back were a little more exposed though so there were more options for lashing cargo down, but at least the guards look very nice and match the styling of the bike.
The paint is also weirdly high-end, especially for an e-bike that starts at a fairly budget price of just US $1,399. The blue paint looks like metal-flake automotive paint and is really eye-catching!
There are also other nice features, like a clearly visible LCD display, head light and tail light with turn signals (though I still wonder how effective such turn signals really are), a wide double kickstand for stable parking and child loading, a second side stand for quick parking on level ground, and punchy hydraulic disc brakes.
What isn’t as good?
There’s a lot to like here, but I’ve got my gripes as well. The front fork feels fairly cheap and just doesn’t offer the kind of quality suspension you get with even marginally better forks.
It’s not bad, but it’s not good either. It just is. It checks the box for a suspension fork and it means you won’t feel like your wrists are going to shatter after hopping a curb, but I have to wonder about longevity there.
Next, the bike doesn’t track very well without hands on the bars. That’s not going to be an issue to many people, but it is an indication that the geometry of the bike, namely the rake angle and trail of the front end, isn’t ideal. I can no-hands ride many of my other e-bikes for miles, but the Hauler wants to dip me off as soon as I release the bars.
Still some good value
This is definitely not the best cargo e-bike out there, but with an entry price of US $1,399, it was never trying to be. What the Hauler sets out to do is offer cargo-carrying abilities at a price that most families can more easily afford.
This is a solid entry in the market, provides some awesome high-speed throttle-only riding, and has some beautiful metal-flake paint options. There are other cargo e-bikes out there with wider market penetration that definitely give the hauler a run for its money, but the unique features of the Hauler like its folding running boards, smartphone app, and questionably-legal 28 mph throttle, could be the saving grace that keeps it competitive in the crowded market.
French equipment manufacturer Manitou has committed to a joint venture with Chinese forklift manufacturer Hangcha that will see the two companies develop and manufacture advanced lithium-ion batteries to support the electrification of the heavy material handler space.
Manitou is well-known in the West, so they need no introduction. Hangcha, though, is arguably just as capable of a company, having opened its first forklift plant in 1956, manufacturing others’ designs under license. They developed their own, in-house material handler in 1974, and have racked up hits ever since. Hangcha is currently the world’s eighth-largest manufacturer of industrial vehicles globally (sounds wrong, but here’s the source).
The plan for the JV is to upgrade the two companies’ deployed fleets of existing lead-acid battery-powered vehicle with longer lasting lithium-ion (li-ion) batteries to expand their operational lifespan. From there, the focus could switch to diesel retrofits and, eventually, the joint development of entirely new products.
“Deepening strategic cooperation with Manitou Group and jointly establishing a lithium battery joint marks a new phase in the partnership between the two sides, which is a milestone in Hangcha global industrial layout,” explains Zhao Limin, Chairman and General Manager of Hangcha Group. “Leveraging Hangcha’s core technological and manufacturing strengths in lithium battery solutions, we will collaboratively enhance solution capability of new energy industrial vehicle power systems. This partnership perfectly aligns with our shared objectives to accelerate electrification transformation and drive sustainable development, while providing robust support to the broader industrial vehicle market.”
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Manitou MHT 12330
MHT 12330 with 72,750 lb. lift capacity; via Manitou.
Once production begins, the joint venture factory will play a key role in supporting Manitou Group’s “LIFT” strategic roadmap. LIFT aims to expand Manitou’s electric vehicle lineup of telehandlers and forklifts, and have EVs account for 28% of total unit forklift sales by 2030. Hangcha Group, meanwhile, has publicly stated its intention to become 100% electric by the end of 2025.
This joint venture plans to recruit employees including engineers, operators, sales representatives and after-sales service technicians. Le Mans Metropole will support the recruitment and local integration and training of future employees.
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Conventional wisdom holds that as we get closer and closer to the coming deadline for tariff resolution, the market will become more treacherous, especially for highly valued stocks. I don’t know who writes these stories. I always check the bylines and I have never worked with them or hired them. I will tell you this: their lack of knowledge of how the market works is painful. Their shoddy knowledge of market history would never be tolerated in any classroom. They are, what we used to call at The Harvard Crimson, “filler-up stories,” meaning stories that had to be written because copy was needed. In truth, while the deadline looms, there is no relation between the highly valued stocks and the events at hand. I actually expect severe news about South Korea and Japan before Aug. 1 — the Trump administration’s “hard deadline,” in the words of Commerce Secretary Howard Lutnick, for when new country-specific duty rates will come into effect. Korean car companies “make” vehicles here, but the White House would argue to you that all they do is assemble them here, while the more highly valued pieces of a car are made in the home country. Japan makes even less here but is defended, like Korea, by our soldiers, and I could see President Donald Trump invoking that fact to put on some capricious number — call it 35% tariffs on their imports — because that level is eye-grabbing. So, I doubt we’re even going to get to the drop dead date of Aug. 1 without more drama. Does anyone who trades or invests think that the tariffs will influence the most highly valued stocks, none other than my newly minted cohort called PARC — Palantir , Applovin , Robinhood and Coinbase ? These all have room to run because if you are willing to pay 100 times earnings it means nothing to pay 200. That’s the gospel. How can these writers not know that? Can Palantir be stopped by Canadian tariffs? Oh please, and if crypto gets knocked down, it will get up again. It’s never going to keep that down. Let’s flip this moment on its head and question what’s buoying the near-record market as second-quarter earnings season picks up steam (we have five Club names reporting this week). I have 10 things on the list, some already happening and others more forward-looking. First, and most obvious: earnings have been terrific. Yes, there is an occasional Abbott Labs , which was brutalized by China, or Netflix , which was challenged by sky-high expectations. But the banks have set the tone, and the pastiche that closed out the week all came in very strong. I expect that to continue, with the only potential weak spot being the drugmakers. Just not enough blockbusters and some very weak pipelines. It’s been a brutal year for health care overall, sitting last among all 11 sectors in the S & P 500 . Second, Trump’s “big beautiful bill” contains so many provisions that will boost the economy that I think we need to rethink the possibility of a hobbled consumer. Consider these: An extension of the 2017 tax cuts that were set to expire at the end of this year, which could’ve resulted in an effective tax increase across income cohorts. This is particularly helpful for those who make less than $100,000. A tax deduction worth up to $25,000 for employees who earn tips, a huge win for the working class. Millions of U.S. workers stand to benefit from this. Increased standard deduction to $31,500 (from $30,000) for married joint filers and $15,750 (from $15,000) for single filers. That can make taxes easier to figure out and deliver a bigger benefit. Max child tax credit of $2,200 per child, up from $2,000, which impacts around 40 million families. Expanding 529 savings plans to cover workforce credentialing programs in areas like the trades. A new deduction on car loan interest for vehicles made in the U.S., capped at $10,000 a year. For higher earners, the size of the deduction is reduced. Tax-advantaged savings accounts for newborns, the so-called “Trump accounts.” Some tax relief for seniors on Social Security benefits. These are huge benefits that will pump hundreds of billions in the U.S. economy and it’s like no one ever cares. Tariffs are important. But these put money in the hands of spenders. Third, business get more tax relief on spending, building and research-and-development costs than anyone expected. Accelerated deductions and credit for building things will set off another boom. I talked about these in a previous piece . Every time I have ever seen this kind of relief, it generates far more spending and jobs than anyone expects. Fourth, we seem to be oblivious to how countries are signaling to Washington that they are going to make their companies build here in order to get some relief from the White House. There’s also re-shoring to contend with. Sure, the White House may be circumspect about an Apple putting $500 billion into the U.S. economy in the next four years, but I’m not. Fifth, the amount of building that needs to be done for data centers and for the electric grid are so gigantic that they might be considered the equivalent of the biggest public works campaigns in history, and they include a huge labor component not often addressed. Don’t forget that nuclear power overhauls are gigantic projects. Sixth, the Federal Reserve’s new stress tests for banks will allow them to lend far more than they currently do. We forget how much heat there has been on the banks in the wake of the financial crisis to be incredibly conservative. That’s over. Seventh, the opening of all sorts of land for drilling and the approval of a huge number of new pipelines will create a second renaissance of the U.S. energy sector. Eighth, two industries have so much business and are so important to the U.S. economy that they will be colossal sources of work: aerospace, where Boeing has to expand to meet new orders, and defense, where we are depleted by Ukraine. A heavy component in this sector is new kinds of weapons including drones. Ninth, the initial public offering market is primed and ready, and I think can create new jobs and new wealth for employees and sustained profits for the investment banks, which is why they are such great buys. We own Goldman Sachs for the Club. And finally No. 10, it’s been so easy to bet against stocks for so long because the Biden administration had been so anti-business, particularly when it comes to mergers and acquisitions. That’s over. Now short-sellers will be incredibly scared to lean on stocks. Witness the rally in the railroads last week that crushed shorts banking on weaker transport earnings. Now, again, Trump seems to do whatever is necessary to derail us in astounding fashion. But we need to think more creatively. When we hear talk of him firing Fed Chair Jerome Powell, what you need to think is that no matter what, lower rates lie ahead. I don’t think it will be because of a weaker economy because of what I just detailed, but because Trump wants to have a gross domestic product boom so he can say we are the fastest-growing, most-powerful country in the world. That’s what Make American Great Again stands for. Even if you think it is a gigantic fraud, remember that Trump — through a gigantic hole in the budget and pro-business agencies — has created the circumstances that could lead to the opposite of what the “filler-up stories” say will happen. (Jim Cramer’s Charitable Trust is long GS and ABT. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
New car buyers like to talk about the latest tech and resale value, but most people don’t buy new cars. The used car market is 3x bigger than new, and if you’re content to let the last guy take that big depreciation hit by scoring a great deal on a reliable, low-mile used car you could save thousands on your next EV.
But looking into the data shows trends that are much closer to the kind of think you’d expect to see before COVID, with high-end luxury models like S-Class Mercedes that trade on being new and shiny taking massive depreciation hits and more mainstream offerings from brands like Toyota and Honda that trade on economy and reliability holding strong.
That usual luxury brand hit seems like it’s being compounded over at Tesla, where Elon Musk’s highly publicized political leanings have polarized support for the brand, and alienated a huge portion of the market. Demand for new and used Tesla vehicles has plummeted, and iSeeCars reports that the Tesla Model S suffered the biggest percentage price drop of all makes and models over the last twelve months, showing the pioneering electric sedan’s average price in June 2025 at $46,700, nearly 16%, or $8,800 lower than it was 12 just months earlier.
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This isn’t a post about Tesla, though (not intentionally, at least). Instead, it’s about those EVs that have lost the most value since they were first sold new five-ish years ago. So, if you’re looking for a great deal on a pre-loved EV, you could do a lot worse than the list, below, presented in order from biggest “loss” of value.
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