Connect with us

Published

on

Last month I was fortunate enough to take a trip to China and visit seven different micromobility companies, each of which invited me to tour their factory, test out their new products, or attend their major events. The trip is something of a sequel to the first Chinese factory tour trip I took last year (with the documentary of that trip racking up millions of views on YouTube).

In the coming weeks, I’ll be sharing detailed articles and videos about each of the following visits. But in the meantime, consider this as a preview of what’s to come.

Bafang factory tour

Bafang is perhaps the best known Chinese electric bicycle component manufacturer. The company is widely regarded for its motors, which have been its flagship products for over a decade. Everyone in the e-bike industry knows that if you want a solid motor (and don’t want to pay for a German motor), you go to Bafang.

But as it turns out, Bafang makes pretty much everything else on an e-bike too, now even including the batteries.

Long-time followers of my articles and videos might remember that I actually took a tour of Bafang’s factory all the way back in 2019. The company has since expanded to a much larger factory and the production processes have also improved. That was a particularly fascinating element of my visit, having the chance to see just how much has changed in the last five years.

For example, automation has helped replace many of the jobs previously done by hand in the manufacturing and assembly lines for components like motors and controllers. However, the working environment has improved considerably for certain tasks like fine soldering that are still done by highly trained hands. The older fume hoods that once hung over workstations in order to filter out soldering exhaust have now been moved into the work surfaces, meaning that instead of soldering fumes rising up past the nose of the worker on the way to vents, the gases are now sucked downwards and out to the filters. What was once a solution to protect everyone except for the immediate worker is now a solution to protect everyone.

The battery factory was another interesting part of the visit, as batteries are one of the newest components added to Bafang’s quickly expanding lineup.

The process is highly automized. First, individual battery cells are sorted by machines into the most similar resistances, then grouped into modules that are ultrasonically welded together. Human hands return to the equation with the assembly of the battery modules into the cases, and then the batteries are sent for inspection at the end of the assembly line.

Before the batteries can be packaged for shipment though, every single pack is put through a charge and discharge cycle to test for anomalies. Massive racks run down the hallways with hundreds of batteries at a time undergoing testing.

Other new innovations that Bafang has begun integrating into its product lines are its own internally geared hubs with automatic transmissions as well as hub motors with built-in transmissions. One problem that has plagued the e-bike industry is the use of existing transmission components that were not intended for high-power motors but rather human leg power. With Bafang developing its own bicycle transmissions that are designed to work with higher continuous power found in electric bikes, reliability should see a significant improvement.

There’s a lot more where that came from though, so make sure you stay tuned for my full report from the factory, coming soon!

NIU Factory Tour

I’ve ridden a NIU electric moped since 2020 and have long been a fan of the brand, which is known as a leading electric smart scooter brand. The company’s designs have often been imitated, but there’s no substitute for the real thing, especially as NIU has rapidly expanded its wide range of offerings.

My tour started in the factory showroom, which underscores just how wide that product line truly is. We’re used to seeing the company’s export products, but there’s an even more diverse lineup of domestic electric two-wheelers designed for the Chinese market.

From there, we moved to the factory floor where scooters are assembled. Flying conveyor systems with hanging component shelves are pre-loaded with all the parts necessary for building these scooters, allowing line workers to pluck off the necessary components as they float by at each stage of the assembly process.

The scooters go together surprisingly quickly as they move down the line, with test riders waiting for them to roll off the final ramp. After the scooters are inspected and test-ridden, they’re eventually moved into a massive storage warehouse and loaded onto trucks for shipping all over the country and export to international dealers.

In another part of the factory I saw the standing electric scooters undergoing similar processes, with an assembly line conveying the scooters along as workers assembling them ahead of extensive rider inspections and test rides.

I also had the chance to test ride several of NIU’s electric vehicles, from the standing electric kickscooters to their higher speed mopeds and full-size electric motorcycles, to even the company’s Sur Ron-competitor electric dirt bike.

That bike, the street-legal NIU XQi3, was impressively powerful, and I had to be careful to keep the front wheel down when rolling off the line.

I’ll still always be partial to the company’s mopeds though, or “seated electric scooters” depending on how true to the term moped you’d like to be. As much fun as electric motorcycles and dirt bikes can be, there’s something so utilitarian about a seated electric scooter that makes it the perfect car replacement for me.

EUNORAU Headquarters Tour

I’ve been riding EUNORAU electric bikes for years and years, but this was my first chance to finally meet the team behind the bikes. I visited their headquarters near Hangzhou and took a tour through many of the company’s past, present and future e-bikes, including models still in the works.

From there, I visited their operations center where the company has a large warehouse stocked with just about everything you could ever need to service and support e-bikes. In addition to EUNORAU’s Las Vegas service center, the company is ready to ship out parts from its headquarters when necessary.

I even got a look behind the curtain at the company’s new BKRE service, which is more important than ever with the increasing number of e-bike company closures. Basically, BKRE stocks many of the parts used in common electric bikes from companies that have folded. That means owners of those e-bikes will have somewhere to turn in the future if they need support. Trying to find a random controller or display can be nearly impossible without knowing the actual factories those parts come from. With its deep network of connections in the e-bike manufacturing industry, EUNORAU can find replacement parts for nearly any electric bike made in China.

They stock many of those parts already on several rows of shelves in their warehouse. For parts they don’t already have on hand, owners can contact BKRE and with any luck, the right part can be found in a few days and sent out anywhere in the world.

Last but not least, I wasn’t about to leave without the chance to ride a bunch of EUNORAU’s electric bikes.

I had everything from the new version of the company’s fat tire electric trike to triple-battery electric bikes to four-wheeled electric quad bikes at my disposal.

I zipped around the area of the city they were located in on several of the company’s e-bikes, testing out the new components and improvements that have come from listening to the feedback of thousands of customers.

There’s a lot more to come though, so be on the lookout for my deep dive article and video on the experience!

Yadea Retail Dealer Show

This was absolutely wild! The last time I was in China, I visited one of Yadea’s massive factories. Yadea is the world’s largest electric vehicle manufacturer. They make everything from light electric scooters for recreation and commuting to heavy-duty electric trikes for commercial use. But their main products are seated electric scooters, of which they produce millions.

This time, Yadea invited me to attend the company’s Retail Dealer Show. There were over 4,000 dealers there, mostly from China but also from all around the world. The show was absolutely massive!

In addition to the huge attendance, Yadea had examples of many of the various models of electric vehicles they produce. I saw some familiar models but also experienced dozens of models I’d never seen before.

From Sur Ron-style electric dirt bikes to Vespa-style vintage-looking electric seated scooters, Yadea had it all there. I even checked out the company’s new sodium-ion batteries and fast charging technology, which could be a huge game changer for longer-lasting, safer batteries.

The sheer variety seen at the show was mind-blowing. I’ve covered electric vehicle companies for years, attended dozens of trade shows, and test-ridden literally hundreds of vehicles. But I’ve never seen a single manufacturer with such a breadth of vehicles as this.

Dahon Headquarters Visit

Dahon wasn’t the first to invent a folding bicycle, but the company was one of the earliest to popularize them with commercialized models. The company’s first folding bikes, released in 1984, are still highly sought after, and surviving examples carry high prices on the resale market. More recently, Dahon has expanded its wide line of folding bicycles to include many different types of folding electric bikes.

I toured Dahon’s showroom to see many of the soon-to-be-released models that will land in dealerships later this Spring. Talking to the team, I learned more about what makes Dahon’s folding e-bikes so special, including a focus on frame rigidity that helps reduce that telltale flexy feeling on many folding bikes in the market.

After checking out the new lineup of Dahon folding e-bikes in the showroom, I headed outside to experience them firsthand. From ultra-lightweight e-bikes to a new electric gravel e-bike and even a heavy-duty electric tricycle for carrying cargo and kids, the Dahon models were a blast to ride.

Finishing up the visit, the team took me on an evening group ride that they enjoy several times a month as a chance for the group to spend time riding together on the nice bicycle trails around Shenzhen.

Zhenmin golf cart factory tour

Zhenmin gave me access to their entire factory to see how electric golf carts and neighborhood electric vehicles are produced. The company builds a wide range of models and starts from the ground up, welding frames and fabricating bodies right there in the factory.

The process is largely manual, with workers hand-forming and welding the various components.

Many of the company’s models are exported to India, while others are sold in various countries in Asia and South America.

The warehouse for completed golf carts waiting to ship out was massive, with hundreds if not thousands of units waiting in various packaging stages for their journeys.

As with many of my other visits, I was happy to take the opportunity for some test rides. I started with a lifted electric golf cart built for a US-based company (though I had to cover the brand’s logos). I can’t tell you which one, but I’ll be excited to see them bring this beast of a golf cart to market. It’s incredibly powerful, to the point that I almost threw myself out the side of it on a sharp turn.

I also tried smaller and less beast-like machines, including those designed for elderly riders. They were fun in their own way, and there’s something nice about not having centrifugal forces fighting over your limbs. There’s definitely still a place in the market for modest neighborhood electric vehicles!

Heybike Alpha test ride

Also in Shenzhen, I had the opportunity to visit Heybike’s new headquarters. The company recently moved into a new Shenzhen office, and their team is obviously quite happy about all the extra space. There wasn’t too much to see inside yet, so instead we spent most of the visit testing out the company’s new Heybike Alpha electric bike.

It was just unveiled at CES and is the brand’s first mid-drive electric bike. The powerful motor proved to be incredibly torquey, helping me climb up both dirt and concrete hills with ease. I could even climb stairs on the bike!

The fat tires make quick work of both on-road and off-road surfaces, and mid-drive motor with included torque sensor is a joy to use. However, you definitely need to be careful with it because the extreme torque of the motor requires some care when shifting to go easy on that drivetrain.

We don’t know the final price of the Heybike Alpha at the time of writing, but it is expected to be one of the most affordable mid-drive electric adventure bikes on the market, helping to continue Heybike’s strategy of value pricing on the company’s existing line of diverse styles of electric bikes.

I’ve already shared my test riding video on that bike, so make sure you check it out here!

Stay tuned for more!

Make sure you check back over the next month or so as I release a dedicated article and video on each of these visits.

The trip was an eye-opening experience, and I hope to give you all that same feeling of going behind the curtain to see what goes into these vehicles that we so commonly use each day!

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

These solar streetlights can withstand Category 5 hurricanes

Published

on

By

These solar streetlights can withstand Category 5 hurricanes

Streetleaf’s solar-powered streetlights can withstand Category 5 hurricanes, and the company aims to deploy them across Florida to boost storm resilience.

Since Tampa-based Streetleaf was founded in 2019, it’s installed over 8,000 solar streetlights across the US. The company’s solar-powered streetlights are IoT smart devices connected to a remote monitoring dashboard that can identify potential problems before an outage occurs, identify current outages without the need for customer reporting, and allow for remote control of brightness settings.

The streetlights are built to remain operational even during widespread power outages. That means the lights are on when communities need them most, ensuring safety and comfort during and in the aftermath of storms.

Solar-powered lights can also be installed in communities without existing infrastructure, which increases safety for drivers and pedestrians in historically underserved areas.

Streetleaf asserts that all of its streetlights stayed on in the face of major hurricanes and tropical storms, including, most recently, Hurricanes Ian, Isalia, Debby, Helene, and Milton. They have a wind rating of 160 mph.

It comes in either 150W or 220W bifacial solar panel wattage, with a lithium iron phosphate battery wattage of either 820 or 1230 Wh and 5,200 or 7,200 lumens, respectively.

The company’s new initiative is called Shine On Florida, and it’s a call to action for Florida’s utility companies, local governments, home builders, municipalities, HOAs, and residents get its solar-powered streetlights into as many new projects as possible across the state in 2025. Streetleaf wants in on bids for everything – new developments, municipal upgrades, private projects, and so on. And once a contract is signed, Streetleaf promises to install the lights within three months.

They’re also making a smart offer for storm season. Any streetlights purchased before April 1 will be installed before the 2025 Atlantic hurricane season starts on June 1.

Liam Ryan, CEO of Streetleaf, said, “With partnerships in place across the state, Streetleaf is ready to support Florida’s efforts towards a more resilient community, providing Florida with dependable lighting through this and future hurricane seasons.”

Read more: This Florida solar farm is supplying clean energy to 12 cities


Now is a great time to begin your solar journey so your system is installed in time for those sunny spring days. If you want to make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20 to 30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here. –trusted affiliate partner

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Stripe closes $1.1 billion Bridge deal, prepares for aggressive stablecoin push

Published

on

By

Stripe closes .1 billion Bridge deal, prepares for aggressive stablecoin push

Patrick Collison, CEO and co-founder of Stripe, speaking at 2022’s Italian Tech Week in Turin, Italy.

Giuliano Berti | Bloomberg | Getty Images

SAN FRANCISCO — What started as a casual roundtable at Stripe’s headquarters to discuss issues facing fintech companies turned into a billion-dollar acquisition that could become a defining moment for the industry.

Last summer, Stripe hosted Wally Adeyemo, who was then deputy secretary of the Treasury Department, for a chat with a number of financial services providers. Among the attendees were Stripe CEO Patrick Collison and Bridge co-founder Zach Abrams. The two entrepreneurs had never met.

Abrams, whose startup specialized in stablecoin infrastructure, said the session surprised him, as it quickly morphed into a conversation specific to his company.

“It was shocking to me,” Abrams told CNBC this week, recalling the event. The group “spent 90-plus percent of the meeting talking about stablecoins — even though we were the only stablecoin company” in the room, he said.

By the end, Bridge was firmly on Stripe’s radar. Months later, that initial meeting led to Stripe’s biggest acquisition to date, a $1.1 billion purchase of Bridge. The deal, which closed Tuesday after clearing regulatory hurdles, gives Stripe a firm foothold in crypto, a market where it previously struggled to gain traction.

“In the course of us spending time together, he probably developed more of an understanding of our business,” said Abrams, who co-founded Bridge in 2022. “And I think there was a growing excitement around the ways that our business can grow, and probably the ways our business could help support and grow the Stripe ecosystem.”

Stripe co-founder John Collison on startups, state of consumer and impact of AI

Bridge’s roughly 60-person team convened in San Francisco on Tuesday for the official onboarding. The newcomers were introduced to Stripe’s culture with a crash course on how to write like a Stripe employee and an intro to the business from Collison.

It’s all part of Stripe’s standard fintech boot camp, a program that runs every two weeks for new hires.

Bridge focuses on making it easier for businesses to accept stablecoin payments without having to directly deal in digital tokens. Stablecoins are a type of cryptocurrency whose value is pegged to the value of a real-world asset, such as the U.S. dollar. Customers include Coinbase and SpaceX.

Companies across the financial services landscape, from legacy banks to startup payment providers, are adopting stablecoins or exploring launching their own because they make it easier and cheaper to switch between currencies and to move money digitally. Standard Chartered predicted in a recent report that stablecoins could grow to become about 10% of foreign exchange transactions, up from 1% today.

Prior to Abrams’ first interaction with Collison at the roundtable, Bridge had been aggressively courting Stripe as a customer, hoping to integrate its technology into the payment giant’s ecosystem. As the two CEOs spent more time together in the weeks that followed, Collison’s interest in Bridge deepened.

Previous failure

Stripe had already taken a shot at crypto — and failed. It was one of the first major fintech firms to support bitcoin payments in 2014, but pulled the plug in 2018, citing scalability issues and high transaction fees. Still, the company insisted at the time that it remained “very optimistic about cryptocurrencies overall.”

Stablecoins would be Stripe’s next foray. At its flagship Sessions conference in April, the company said it would enable merchants to accept stablecoins for online purchases. In its first week of the offering, Stripe saw more stablecoin volume than in its entire history of offering bitcoin transactions.

However, Stripe was still missing a key component to make it all work. It needed a way to seamlessly handle cross-border transactions.

That’s precisely what Bridge offered, said Neetika Bansal, Stripe’s head of money movement products.

“If you think about Stripe and what we’ve focused on for the past seven years — what I personally have focused on — it’s been about breaking down the barriers for global commerce,” Bansal told CNBC in an interview at Stripe’s office. “We’ve done it, to a large part, on traditional financial rails.”

Stripe’s approach to global payments for years involved navigating the complex regulatory and operational challenges in each market it entered. Bridge had developed “a super elegant solution to cross-border use cases” and had “meaningful traction with companies of all sizes,” Bansal said. “It just felt almost like a no-brainer to go and acquire them.”

Early Bridge investor weighs in on $1.1 billion Stripe deal

Stripe paid a hefty price for a two-year old company, an amount that was about three times higher than Bridge’s valuation in a funding round in August.

Bansal framed the acquisition as a strategic step toward modernizing Stripe’s global money movement capabilities.

“We are working very closely together to figure out the right opportunities, where we should power our products with Bridge and, in fact, where we should do new product development on Bridge infrastructure,” she said. “That’s what the next few weeks look like.”

Stripe processes millions of cross-border transactions daily, a segment that’s growing 50% annually. Bansal said stablecoins could meaningfully reduce costs and streamline transactions compared to traditional financial networks.

Bansal used as an example a company in the U.S. paying a contractor in the Philippines, which she called “a common use case as company workforces are going global.”

Stripe has partnered with Remote.com, a global human resources and contractor platform, to process payouts using stablecoin infrastructure in more than 70 countries. Bansal said she sees stablecoins playing a growing role in foreign exchange and treasury management for large enterprises.

For now, Bridge will continue running its existing products, but the teams are working together to determine the best integrations and explore new products that can be built on Bridge’s technology.

“They’re clearly a leader in the space,” Bansal said about Bridge. “A lot of our conversations are about absorbing what Bridge has learned about stablecoins.”

WATCH: Fintechs soar after election

Fintech trades soar post election

Continue Reading

Environment

Ferrari is launching its first EV later this year: Here’s a sneak peek of the electric supercar

Published

on

By

Ferrari is launching its first EV later this year: Here's a sneak peek of the electric supercar

Ferrari looks to shake up the market with its first all-electric vehicle, which will launch later this year. Ferrari confirmed plans to launch its first EV in October as one of six new vehicles debuting in 2025. Ahead of its official debut, the new electric car was spotted testing out in public. Check out a sneak peek of it below.

Ferrari confirms plans to launch its first EV in 2025

Although the company has kept most of the details to itself, we are finally learning when we can expect to see Ferrari’s first EV.

We knew it was likely coming this year, but now it’s official. After releasing 2024 earnings, Ferrari confirmed on Wednesday it will launch six new vehicles in 2025, including its first EV.

Ferrari will unveil the electric car during its Capital Markets Day on October 9. According to CEO Benedetto Vigna, the Ferrari “elettrica” will be launched “in a unique way. “

Vigna previously said, “People buy a Ferrari because when they buy a Ferrari, they have a lot of fun,” and the brand’s first EV will be no different. The electric car has taken longer than most hoped for, but Vigna promises it will be built “the right way,” as a Ferrari should be.

Ferrari-first-EV-2025
(Source: Ferrari)

The EV model will still feature the (emulated) sounds and signature design Ferrari has built its legacy but in all-electric form.

Sources told Reuters report last year that Ferrari’s first electric car will cost at least 500,000 euros, or around $535,000. However, Vigna later said the report was “a surprise” and didn’t confirm or deny prices. The company’s CEO explained that Ferrari defines the price of a car about a month before launching it, so expect more around September.

Ferrari’s first EV testing (Source: Varryx)

With models out for testing, Ferrari’s first EV has already been spotted out in public. Last month, a video from Varryx gave us our closest look at the electric crossover yet.

You can see the electric car is finally coming together with new headlights and other design features like body panels. As the EV passes by, you can hear exhaust-like sounds, hinting at a sound system like Dodge’s electric Charger muscle car.

Ferrari-first-EV-2025
Inside Ferrari’s new e-building (Source: Ferrari)

Ferrari opened its new e-building last June, where its first EV will be built. The facility will also produce e-motors, batteries, and inverters for upcoming EV and PHEV models.

By the end of next year, Ferrari aims for 60% of sales to be EV or PHEV models. In 2024, Ferrari’s shipments consisted of 51% hybrid and 49% internal combustion engine vehicles.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending