Aventon Level 3 electric bike launched with big brain technology
Aventon, one of the most well-known players in the US electric bicycle market, has announced the launch of its latest model, the Level 3. A smart e-bike designed for modern commuters, the Level 3 is packed with advanced security features, extended range capabilities, and comfort-focused components. It’s all part of the new Aventon Control Unit (ACU), which serves as the central brain of the smart bike, and helps it offer new standards in daily riding and commuting convenience.
The Level 3 marks Aventon’s second e-bike equipped with the Aventon Control Unit, a smart bike technology system that provides a suite of advanced theft deterrent features. The ACU offers geofencing, GPS tracking, remote locking, and a passcode system, ensuring riders can park and leave their e-bikes with confidence. The real-time bike stats accessible through GPS tracking and a 4G connection also allow users to monitor their rides with ease.
Built with intuitive geometry and a comfortable riding position, the Level 3 seems to add additional focus on providing a smooth and enjoyable everday experience for commuters. The inclusion of a front suspension fork and a suspension seat post with 50mm of travel are both nods toward comfort, even on rough urban roads that many of us would consider akin to light off-roading. The adjustable stem also allows riders to fine-tune the handlebar position for a personalized fit, further increasing the comfort and customizability of the bike.
Powering the Level 3 is a 500W, 36V hub-drive motor that delivers 60Nm of torque, with peak output reaching a claimed 864W. This is an interesting choice as it technically represents a reduction in system voltage for the Level 3, compared to the 48V system found in most of Aventon’s other e-bikes, including the Level 2 that preceded this one. However, Aventon still claims that the motor is robust enough to ensure riders can tackle steep inclines and flat roads alike without breaking a sweat.
The top speed of the Level 3 is listed at 20 mph (32 km/h), and so it appears that the Class 3 option on the previous version of the bike hasn’t made the jump to the Level 3. At 20 mph on throttle or pedal assist, the Level 3 will operate in either Class 1 or Class 2 mode, but not Class 3. This may be an attempt to fall in line with increasingly strict e-bike regulations that have begun in California and may spread further in the US.
The Level 3 also claims an impressive range of up to 70 miles (112 km) on a single charge. While that marks an increase in range, the battery is listed at 36V and 20Ah, which is roughly similar in capacity to the 48V 15Ah battery from the Level 2.
Next-Gen Security and Connectivity
The performance specs may not be leaps and bounds above the Level 2, but the Level 3’s technology suite is certainly a major upgrade. As Aventon’s CEO JW Zhang expalined, “We are excited to announce our second addition of next-generation e-bikes with our ACU technology. We are setting new standards on what a smart bike means to our modern customers, elevating their riding experiences.”
With its advanced security suite, the Level 3 is said to provide unparalleled peace of mind for e-bike owners who are rightfully worried about the risk of bike theft. The ACU’s Remote Lock feature allows riders to disable the motor remotely, while geofencing alerts users if the bike leaves a designated area. Passcode protection adds an extra layer of security, making unauthorized use nearly impossible.
That won’t prevent thieves from carrying the bike away, so a good lock is still a must, but thieves in the know may soon learn to leave the bikes alone if they won’t be able to operate it and fleece it for a good price afterward.
The Level 3 is available in four color options: Glacier Mint, Sandstone, Matte Black, and Matte Aurora. Riders can choose between Step-Through and Step-Over frame designs, ensuring a better fit for a wide range of users.
The MSRP for the Level 3 is listed at $1,899, with preorders available now and shipping expected in April.
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EV charging veteran ChargePoint has unveiled its new charger product architecture, which is described as a “generational leap in AC Level 2 charging.” The new ChargePoint technology designed for consumers in North America and Europe will enable vehicle-to-everything (V2X) capabilities and the ability to charge your EV in as quickly as four hours.
ChargePoint is not only a seasoned contributor to EV infrastructure but has established itself as an innovative leader in the growing segment. In recent years, it has expanded and implemented new technologies to help simplify the overall process for its customers. In 2024, the network reached one million global charging ports and has added exciting features to support those stations.
Last summer, the network introduced a new “Omni Port,” combining multiple charging plugs into one port. It ensures EV drivers of nearly any make and model can charge at any ChargePoint space. The company also began implementing AI to bolster dependability within its charging network by identifying issues more quickly, improving uptime, and thus delivering better charging network reliability.
As we’ve pointed out, ChargePoint continues to utilize its resources to develop and implement innovative solutions to genuine problems many EV drivers face regularly, such as vandalism and theft. We’ve also seen ChargePoint implement new charger technology to make the process more affordable for fleets.
Today, ChargePoint has introduced a new charger architecture that promises to bring advanced features and higher charging rates to all its customers across residential, commercial, and fleet applications.
ChargePoint unveils maximum speed V2X charger tech
This morning, ChargePoint unveiled its next generation of EV charger architecture, complete with bidirectional capabilities and speeds up to double those of most current AC Level 2 chargers.
As mentioned above, this new architecture will serve as the backbone of new ChargePoint chargers across all segments, including residential, commercial, and fleet customers. Hossein Kazemi, chief technical officer of hardware at ChargePoint, elaborated:
ChargePoint’s next generation of EV chargers will be revolutionary, not evolutionary. The architecture underpinning them enables highly anticipated technologies which will deliver a significantly better experience for station owners and the EV drivers who charge with them.
The new ChargePoint chargers will feature V2X capabilities, enabling residential and commercial customers to use EVs to power homes and buildings with the opportunity to send excess energy back to the local grid. Dynamic load balancing can automatically boost charging speeds when power is not required at other parts of the connected building structure, enabling efficiency and faster recharge rates.
ChargePoint shared that its new charger architecture can achieve the fastest possible speed for AC current (80 amps/19.2 kW), charging the average EV from 0 to 100% in just four hours. That’s nearly double the current AC Level 2 standard (no pun intended).
Other features include smart home capabilities where residential or commercial owners can implement the charger within a more extensive energy storage system, including solar panels, power banks, and smart energy management systems. The new architecture also enables series-wiring capabilities, meaning fleet depots, multi-unit dwellings, or even residential homes with multiple EVs can maximize charging rates without upgrading their wiring configuration or energy service plan.
These new chargers will also feature ChargePoint’s Omni Port technology, enabling a wider range of compatibility across all EV makes and models. According to ChargePoint, this new architecture complies with MID and Eichrecht regulations in Europe and ENERGY STAR in the US.
The first charger models on the platform are expected to hit Europe this summer followed by North
America by the end of 2025.
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Environment
Tanking oil prices could more than double Saudi Arabia’s deficit to $75 billion and threaten spending plans: Goldman Sachs economist
Riyadh, Saudi Arabia.
Johnnygreig | E+ | Getty Images
Crashing oil prices triggered by waning demand, global trade war fears and growing crude supply could more than double Saudi Arabia’s budget deficit, a Goldman Sachs economist warned.
The bank’s outlook spotlighted the pressure on the kingdom to make changes to its mammoth spending plans and fiscal measures.
“The deficits on the fiscal side that we’re likely to see in the GCC [Gulf Cooperation Council] countries, especially big countries like Saudi Arabia, are going to be pretty significant,” Farouk Soussa, Middle East and North Africa economist at Goldman Sachs, told CNBC’s Access Middle East on Wednesday.
Spending by the kingdom has ballooned due to Vision 2030, a sweeping campaign to transform the Saudi economy and diversify its revenue streams away from hydrocarbons. A centerpiece of the project is Neom, an as-yet sparsely populated mega-region in the desert roughly the size of Massachusetts.
Plans for Neom include hyper-futuristic developments that altogether have been estimated to cost as much as $1.5 trillion. The kingdom is also hosting the 2034 World Cup and the 2030 World Expo, both infamously costly endeavors.
Digital render of NEOM’s The Line project in Saudi Arabia
The Line, NEOM
Saudi Arabia needs oil at more than $90 a barrel to balance its budget, the International Monetary Fund estimates. Goldman Sachs this week lowered its year-end 2025 oil price forecast to $62 a barrel for Brent crude, down from a previous forecast of $69 — a figure that the bank’s economists say could more than double Saudi Arabia’s 2024 budget deficit of $30.8 billion.
“In Saudi Arabia, we estimate that we’re probably going to see the deficit go up from around $30 to $35 billion to around $70 to $75 billion, if oil prices stayed around $62 this year,” Soussa said.
“That means more borrowing, probably means more cutbacks on expenditure, it probably means more selling of assets, all of the above, and this is going to have an impact both on domestic financial conditions and potentially even international.”
Financing that level of deficit in international markets “is going to be challenging” given the shakiness of international markets right now, he added, and likely means Riyadh will need to look at other options to bridge their funding gap.
The kingdom still has significant headroom to borrow; their debt-to-GDP ratio as of December 2024 is just under 30%. In comparison, the U.S. and France’s debt-to-GDP ratios of 124% and 110.6%, respectively. But $75 billion in debt issuance would be difficult for the market to absorb, Soussa noted.
“That debt to GDP ratio, while comforting, doesn’t mean that the Saudis can issue as much debt as they like … they do have to look at other remedies,” he said, adding that those remedies include cutting back on capital expenditure, raising taxes, or selling more of their domestic assets — like state-owned companies Saudi Aramco and Sabic. Several Neom projects may end up on the chopping block, regional economists predict.
Saudi Arabia has an A/A-1 credit rating with a positive outlook from S&P Global Ratings and an A+ rating with a stable outlook from Fitch. That combined with high foreign currency reserves — $410.2 billion as of January, according to CEIC data — puts the kingdom in a comfortable place to manage a deficit.
The kingdom has also rolled out a series of reforms to boost and de-risk foreign investment and diversify revenue streams, which S&P Global said in September “will continue to improve Saudi Arabia’s economic resilience and wealth.”
“So the Saudis have lots of options, the mix of all of these is very difficult to pre-judge, but certainly we’re not looking at some sort of crisis,” Soussa said. “It’s just a question of which options they go for in order to deal with the challenges that they’re facing.”
Global benchmark Brent crude was trading at $63.58 per barrel on Thursday at 9:30 a.m. in London, down roughly 14% year-to-date.
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