Seth and I recently traveled to China to attend the Shanghai Auto Show and used the opportunity to travel to Hangzhou with ZEEKR and test drive most of the automaker’s EVs. Even better, ZEEKR helped us acquire temporary driver’s permits in China, enabling us to test EVs like the new 007 GT on public roads. Read on and check out my full video below
Table of contents
We finally made it to China with the help of ZEEKR
ZEEKR is a Chinese automaker that is no stranger to Electrek’s homepage on a near-weekly basis. The Geely-owned BEV subsidiary was founded just over four years ago, and it has made huge strides in EV development across its native China as well as expanding availability of ZEEKR EVs to customers in Europe.
Since I personally cover much of the Chinese BEV scene, I finally got my chance to fly overseas and attend the Shanghai Auto Show—one of the more prominent events in China each year. I brought Electrek’s founder, Seth Weintraub, along with me to Shanghai, where we saw a slew of exciting new EV models in China, including an up-close look at all of ZEEKR’s models on the showroom floor.
After the show, ZEEKR took us a couple of hours southwest to its home in Hangzhou. There, we got to tour ZEEKR’s massive headquarters and see a robotic charging demonstration. Better still, Geely and ZEEKR arranged a test drive day for us. They also helped facilitate temporary driver’s permits in China so we could experience all its technology on public roads.
Advertisement – scroll for more content
ZEEKR showcased its growing lineup of impressive EVs
To start our test drive day, ZEEKR set up a showcase in a large parking lot in Hangzhou, outside the city center where it is headquartered. The automaker, alongside fellow Geely sibling Lynk & Co., had a slew of BEVs on display, including the new ZEEKR MIX, which should make its way to the US in the form of a LiDAR equipped variant for Waymo, as well as the ultra-plush 009 MPV (see images above).
To begin, we took off on a test drive on public roads in China that included four vehicles – two from ZEEKR and two from Lynk & Co. We started in the brand new 007 GT, which was launched in China in mid-April, so we were one of the first media outlets to test it out.
Of all the vehicles I tested that day, the 007 GT was my favorite. It’s a sleek sedan complemented by a sporty interior (red leather in the version we drove) and has some impressive specs to boot. As reported last month, ZEEKR describes its 007 GT as “the EV that does everything.” It’s 800V SEA platform (from Geely) enables DC fast charging in a blistering 10.5 minutes when housing a standard 75 kWh pack with LFP cells. That variant delivers up to 650 km (404 miles) CLTC range, but there’s also a 100 kWh NMC pack that can offer up to 825 km CLTC range. That’s 513 miles.
My first impression was how smooth and quiet the ride was, especially for a BEV that can accelerate from 0 to 100 km/hr (0 to 62 mph) in 2.95 seconds. It’s not the loudest design from an exterior standpoint, but this ZEEKR model is sneaky fast while offering a premium feel inside.
When driving around China, Seth and I were both thoroughly impressed by the overall handling and response of the ZEEKR EVs, including the 007 GT and the 7X seen below.
Driving ZEEKR EVs around public roads in China
After the 007 GT, we moved over to the ZEEKR 7X, which hit the market in China last year. This sporty crossover is surprisingly roomy inside and handles nimbly like a smaller BEV. Seth and I were blown away by the technology in both models, especially the head-up display.
Not only does the HUD show your current speed and navigation, but it also projects other vehicles and objects around you in real time. We are used to this feature in Teslas and Rivians, but has never seen it on a HUD before. Well done ZEEKR, that’s an excellent touch.
ZEEKR has a voice command system that can perform hands-free tasks like rolling the windows up or down, which we tested out in the video below. While my heart is with the 007 GT, the ZEEKR 7X was a close second, and I’m throughly jealous that drivers in China have access to these models and I don’t.
, in my opinion, but the 900 was a work of art. Seth was especially enthralled by that model and wrote a full review of his own, whichWe also drove the Lynk & Co. V20 and 900 BEVs. The V20 was pretty basic inside and out in my opinio, but the 900 was a work of art. Seth was especially enthralled by that model and did a full review of his own you can check out here.
Overall, after visiting the Shanghai Auto Show and driving a bunch of ZEEKR EVs on the road and track in China, our consensus was that native automakers over there are leaps ahead of the US and Europe. The tech is better, the charging is better, and companies like ZEEKR are able to deliver premium BEVs with outstanding range at prices US consumers have yet to see—at least not from a “bang for your buck” standpoint.
It was an excellent opportunity to get behind the wheel of some of the models from China that we cover regularly. Whether ZEEKR or other foreign automakers make their way to the US, the advancements they have made overseas offer an exciting glimpse of the future of electric mobility.
As promised, here’s some of our drive footage from China. Let us know what you think!
FTC: We use income earning auto affiliate links.More.
Zero Motorcycles has announced that its newest line of electric motorbikes will see a price increase in the US due to the Trump Administration’s tariff policy. But the saving grace is that the company is allowing reservations made in the next few weeks to secure pre-tariff pricing.
Zero launched its new X-line of smaller electric motorcycles late last year, ushering in a Sur Ron-style pair of bikes that cost a mere fraction of the company’s larger street bikes.
Designed for off-road use in the US or both on and off-road use in Europe, the Zero XB and XE were designed to be as affordable to new riders as they are approachable.
The XB was unveiled with a price tag of a mere US $4,195 or €4,500, while the larger and more powerful XE carried a price tag of US $6,495 or €6,500.
Advertisement – scroll for more content
The pair were part of the motorcycle maker’s plans to have six unique models all priced at under US $10,000 in the next two years. However, those plans may face increasing pressure after the Trump Administration imposed harsh new tariffs on imported goods to the US, forcing many manufacturers to increase prices.
Zero’s push for more affordable electric motorcycles is made possible mainly by its partnership with Chinese electric motorcycle manufacturers like Zongshen. While such companies have years of experience manufacturing motorcycles at more affordable prices, their relative cost advantage could take a serious hit under the US’s aggressive stance towards foreign-produced goods.
The first XB and XE motorcycles are expected to be delivered to existing reservation holders this Summer. However, for anyone who doesn’t yet have a pre-order in place, Zero says that it will still honor the existing pricing for reservations placed before May 18, 2025.
Bikes reserved in the next two weeks are not expected to ship until later this year, meaning they will almost certainly be subject to increased tariffs, though it appears Zero is prepared to eat those tariffs for an early group of reservation holders.
“Zero Motorcycles remains committed in our mission to deliver industry-leading electric motorcycles while maintaining an accessible price point for consumers around the world,” said Sam Paschel, CEO of Zero Motorcycles. “Our customers are at the heart of everything we do. And by honoring prices for early reservation holders – despite the shifting global economy – we’re reinforcing our position as the leader in the electric space and building the future of two-wheel transportation.”
Electrek’s Take
What a time to double down on Chinese partnerships. I feel for Zero, who was obviously looking for a way to reach more riders, especially young riders in the Sur Ron/Talaria demographic, and found the obvious way to do so by going to the world’s biggest market for producing e-motorcycles.
That’s not to say that US-based production isn’t possible. Zero used to do more production locally before slowly shifting more and more of its manufacturing overseas. There are still companies like Ryvid who manufacture in the US, though even those companies rely on many imported components and will still likely take a hit from tariffs.
The long and the short of it is that the entire electric motorcycle industry is going to be shaken by these tariff policies, and no US consumer will spared. Or at least, none after May 18th.
FTC: We use income earning auto affiliate links.More.
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas.
Brandon Bell | Getty Images News | Getty Images
British oil giant Shell on Friday reported stronger-than-expected first-quarter profit and kept the pace of its share buyback program, even as earnings fell by more than a quarter compared to the same period last year.
Shell reported adjusted earnings of $5.58 billion for the first three months of the year, beating analyst expectations of $5.09 billion, according to an LSEG-compiled consensus. A separate, company-provided analyst forecast had expected Shell’s first-quarter profit to come in at $4.96 billion.
Shell reported adjusted earnings of $7.73 billion over the same period last year — around 28% higher than first-quarter 2025 — and $3.66 billion for the final three months of 2024.
Shares of Shell traded 3.2% higher at 8:55 a.m. London time.
Big Oil’s shareholder returns have been a hot-button issue for investors, particularly as industry profits continue to fall from record highs in 2022.
A weak demand outlook, falling crude prices and U.S. President Donald Trump’s fast-changing trade policy have rattled investor sentiment in recent months.
For its part, Shell on Friday announced another $3.5 billion share buyback program, which it expects to complete over the next three months. It marks the 14th consecutive quarter of at least $3 billion in buybacks, the company said.
By contrast, British rival BP on Tuesday lowered its share buyback as first-quarter profit fell short of analyst expectations.
Shell CEO Wael Sawan described the earnings as “another solid set of results.”
“Our strong performance and resilient balance sheet give us the confidence to commence another $3.5 billion of buybacks for the next three months, consistent with the strategic direction we set out at our Capital Markets Day in March,” Sawan said in a statement.
Shell reaffirmed its reduced annual investment budget of $20 billion to $22 billion for 2025.
In March, Shell had announced plans to increase shareholder returns and cut spending, doubling down on its liquified natural gas (LNG) push.
In the increasingly crowded market for peer-to-peer payments, Venmo is showing momentum while Cash App has hit a rough patch.
The parents of both businesses reported quarterly results this week. PayPal, which owns Venmo, reported an earnings beat and kept its forecast for the year. Block, meanwhile, plummeted in extended trading on Thursday after the Cash App parent missed on revenue and issued disappointing guidance.
Venmo and Cash App are simultaneously competing to gobble up more consumers for their peer-to-peer offerings while also adding services like debit, credit and transfer services so they can actually make money from those users.
For PayPal CEO Alex Chriss, who took over the struggling payments company in 2023, monetizing Venmo is a key piece to his turnaround plan.
Venmo revenue jumped 20% in the first quarter from a year earlier, though PayPal didn’t provide a dollar figure. PayPal pointed to growing adoption of features like the Venmo debit card, instant transfers, and integration into online checkout. The company said monetization per user is improving and that Venmo continues to play a role in its broader e-commerce push.
Revenue at Venmo increased at twice the rate of total payment volume, which rose 10%, reflecting progress in turning engagement into profit.
Read more about tech and crypto from CNBC Pro
During the quarter, PayPal added nearly two million first-time debit card users across PayPal and Venmo, and said Venmo debit card payment volume rose more than 60%. Monthly actives on the card grew about 40%, while Pay with Venmo volume surged 50%.
“We’ve leaned into Venmo and the investment is starting to pay off,” Chriss said on the company’s earnings call.
Block CEO Jack Dorsey struck a different tone on his company’s call.
Cash App posted 10% gross profit growth from a year earlier to $1.38 billion in the first quarter. PayPal’s gross payment volume,or a measure of money moving through Square and Cash App, came in at $56.8 billion, missing the average analyst estimate of $58 billion, according to StreetAccount.
“I just don’t think we were focused enough and had enough attention on the network and the network density, and that is our foundation,” he said.
Dorsey noted that some users still don’t view Cash App as a true banking platform, in part because their experience with the app can feel limited or restrictive when trying to move or access funds. The company is promoting its lending program, Cash App Borrow, which has received approval from the Federal Deposit Insurance Corporation and can now bring origination and servicing in-house.
“We of course want to deepen engagement with our customers through banking services and Borrow, and I have no doubt we will,” Dorsey said. “But at the same time, we need to make sure that we continuously grow our network, and that starts with peer to peer.”