The EX6 Step-Thru e-bike comes equipped with a 500W Brushless Geared Motor alongside a removable 48V waterproof battery to reach top speeds of 25 MPH for up to 75 miles on a single six to seven-hour charge. Sporting an ergonomic riding design, it features 20-inch all-terrain fat-tires in conjunction with a hydraulic suspension fork for a smooth ride wherever you go. It also has an integrated rear cargo rack, fenders over both wheels, dual disc brakes, an LCD display, a bright headlight, a 7-speed Shimano drivetrain, and three riding modes.
More Hiboy EV discounts:
Greenworks Pro 80V 580 CFM Cordless Electric Axial Leaf Blower with two batteries at new $306 low
Equipped with a brushless motor that is standard in all Greenworks power products, this axial blower can reach airflow speeds of 145 MPH at 580 CFM, with its variable speed trigger ensuring better handling and a turbo mode for maximum output power. It comes with two batteries, a 2.5Ah and a 2.0Ah that are interchangeable with any of the power products within the Greenworks family, and provides this blower up to 30+ minutes of continuous runtime on a single charge – using both batteries in succession. Also includes a charger to complete the package.
Greenworks lawn and garden care discounts:
Greenworks bundle discounts:
More pellet grills and smokers seeing discounts:
Jackery Explorer 500 Portable Power Station returns to $349 low
As part of its Big Spring Sale event, Amazon is taking up to 41% off a selection of Jackery power stations, bundles, and solar panels. A notable deal amongst the bunch is the Explorer 500 Portable Power Station for $349 shipped. Down from its $530 price tag, this power station saw various discounts over 2023, with the vast majority of them falling to the same $400 low and a select few falling $51 lower during winter holiday sales. Since the start of 2024, we’ve already seen two major backup sales that brought the price down to the same $359 rate. Today’s deal comes in as a combined 34% markdown off the going rate, beating out both of our previous mentions by $10 and returning the price down to the all-time low that matches the winter holiday sales.
The Explorer 500 offers a 518Wh capacity that can provide a 1,000W max power output. It is able to fully charge from 0 to 100% in up to 7.5 hours via a wall outlet or car port and in up to 9.5 hours by using a SolarSaga 100W solar panel (when bundled or purchased separately). It provides seven ports to cover your device’s charging needs: three USB-As, two DCs, one AC, and one car port. You’ll also be able to sync your smartphone with the power station in order to monitor and adjust settings in real-time via the app, allowing you to see remaining battery levels, customize settings and manage power consumption wherever you roam.
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
Lucid Motors (LCID) will continue offering the $7,500 federal EV tax credit for Gravity buyers until the end of the year. Lucid’s interim CEO, Marc Winterhoff, said the electric SUV has “so many orders” and it doesn’t want buyers to lose out on the savings.
Are orders for Lucid’s Gravity SUV picking up?
Apparently, demand for Lucid’s new Gravity SUV is picking up. A recent Automotive News report claimed that Lucid registered just nine Gravity models in its first six months on the market, but the company was quick to shut down the rumors.
Lucid’s communication boss, Nick Twork, told Electrekin an email that the report was “completely inaccurate,” adding “a quick review of social media postings from our customers shows that those numbers are simply not credible.”
According to Twork, Gravity deliveries are “well into the 3-digit range.” In the second half of the year, Lucid expects the SUV to account for the majority of deliveries and production.
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Winterhoff confirmed on Lucid’s second-quarter earnings call that production of the Gravity SUV was “beginning to ramp up” after resolving most of the supply chain issues that had limited output in the first half of the year.
Lucid Gravity Grand Touring in Aurora Green (Source: Lucid)
Since it started offering test drives while adding Gravity models to its studios, Lucid’s interim CEO said the daily order rate for the electric SUV has nearly doubled.
During a new interview with Brew Markets on Tuesday, Winterhoff suggested that the Gravity is quickly attracting buyers. Lucid’s chief confirmed it will honor the $7,500 federal EV tax credit for Gravity buyers until the end of the year “because we have so many orders and we don’t want to tell order holders, you know what, you’re out of luck, we didn’t deliver in time.”
The Lucid Gravity (Source: Lucid)
Winterhoff also said that Lucid expects a limited impact on sales from the loss of the credit due to its market position and pricing.
Lucid views the German luxury brands, including Mercedes, BMW, and Audi, as its primary competitors. Although it does view Tesla as a competitor, “we see ourselves a little bit of a notch higher than Tesla,” Winterhoff said, when comparing the interior, materials, and luxury.
The interior of the Lucid Gravity (Source: Lucid Group)
Despite several luxury brands recently pulling back on their electrification plans, like Porsche, Lucid will remain a pure EV company and still believes electrification is the future.
Lucid’s vehicles currently start in the $70,000 to $80,000 range, but the company is working on launching its midsize platform in late 2026, which will bring the price down to around $50,000. The midsize platform will wear at least three “top hats,” including a crossover SUV, a more rugged variant, and a third, rumoured to be a midsize sedan aimed at the Tesla Model 3.
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Photo: Nevada Division of Environmental Protection
The Trump administration is seeking to acquire a 10% stake in Nevada’s upcoming lithium mine, operated by Lithium Americas (LAC).
Lithium Americas (LAC) has a flagship lithium mining project, Thacker Pass, located in Nevada.
With the Biden administration, the company had secured a $2.26 billion government loan to advance the project to production. However, since taking office, Trump has been attempting to claw back many loans related to the energy transition.
Last night, reports began to circulate about the Trump administration attempting to renegotiate the terms of the loans to include a 10% stake in the project.
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It sent LAC’s stock surging by as much as 80% in after-hours trading.
The reports forced the company to issue a comment. Lithium Americas confirmed being “in discussions” with both the Department of Energy, which issued the loan, and General Motors, which holds a 38% stake in the company and a right to buy the lithium from the mine, about drawing from the loan:
The Company is in discussions with the DOE and General Motors Holdings LLC (“GM”), its joint venture partner in the Thacker Pass lithium project (“Thacker Pass” or the “Project”), regarding first draw on the DOE Loan. The topics of these discussions include certain conditions precedent to draw on the DOE Loan and associated loan specifics, as well as incremental requests from the DOE for potential further conditions to first draw and/or potential amendments to the DOE Loan and associated transaction documents, including corresponding consideration. The Company continues to work with the DOE and GM regarding proposals for a mutually agreeable resolution.
This would be the latest example of the Trump administration taking direct stakes in companies and using “national security” as the reason.
Electrek’s Take
The Biden administration was attempting to establish a North American battery supply chain, but Trump has significantly hindered that effort over the last few months.
However, this is a good move.
The loan would have likely worked as well, but direct ownership is essentially how China operates, and it has worked out quite well for them. There’s a word for this, but Trump’s base hates it.
My main issue with how Trump is doing these market-moving announcements and leaks looks a hell of a lot like insider trading.
Even with this move on LAC, there was suspicious short-term option trading on the stock leading up to this.
The US is in its era of grifters.
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A Lithium Americas worker processes lithium at the company’s Reno, Nevada R&D lab.
Lithium Americas stock doubled Wednesday as the Trump administration is seeking an equity stake in the mining company, which is based in Vancouver, British Columbia.
The White House proposed the equity stake as Lithium Americas renegotiates the terms of a $2.2 billion loan from the Department of Energy for its Thacker Pass mine in Nevada, a Trump administration official told CNBC. Reuters first reported the equity stake proposal.
Lithium Americas’ shares hit a session high of $6.23, up more than 100% over Tuesday’s close of $3.07. The miner has a market cap of about $1.5 billion.
It is the latest move by the White House to take direct ownership in the mineral supply chain critical to U.S. interests, but the first such stake proposed for a Canadian company. Lithium Americas trades on both the Toronto Stock Exchange and the NYSE but is incorporated and domiciled in Canada.
The Department of Defense took a 15% equity stake in rare earth miner MP Materials in July. Shares of Las Vegas-based MP Materials have more than doubled since the deal.
Thacker Pass in northern Nevada is expected to become one of the largest sources of lithium in North America with the first phase of the project scheduled to start operations in late 2027. The project is a joint venture between Lithium Americas and General Motors.
Lithium Americas has a 62% stake and operates the mine. GM has a 38% stake and has agreed to buy offtake from the mine when it is operational. Lithium is a critical material for electric vehicle batteries.
Lithium Americas and GM had to renegotiate the terms of the loan for Thacker Pass because they did not meet the conditions for the first disbursement, the Trump administration official said. During negotiations with the Department of Energy, they requested to push out part of the loan repayment into later years, the official said.
“If we’re going to push out part of the repayment into later years, then the administration would like a very small stake of equity to create essentially a cash buffer and eliminate some risk on behalf of taxpayers,” the official said.
A deal has not been finalized but the Trump administration supports the project and the discussions are positive, the official said. The investment could need Canadian approval as well given the company’s jurisdiction.
Lithium Americas confirmed Wednesday that it is in talks with the Energy Department and GM on the loan for Thacker Pass. GM declined CNBC’s request for comment.
Interior Secretary Doug Burgum revealed in April that the Trump administration was considering taking equity stakes in miners to back them against state-sponsored competition in China.