![The Emerald Fold eBike: A True Standout in Folding eBike [Video]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2023/06/emerald-main2.jpg?resize=1200,628&quality=82&strip=all&ssl=1)
The Emerald Fold eBike: A True Standout in Folding eBike [Video]
The Emerald Fold eBike is a user friendly, thoughtfully composed bike, with premium components at a stellar price. With an easily accessible battery, a solid foundation on the wheels, and an easy to use platform, it’s easy to see why they’re axious to get the word out. We got hands on at Electrek for a sponsored look at the Emerald Fold.
The Emerald solves a problem we all just accepted: unfolding an eBike just to get access to the battery. Without having to break apart the bike, the battery ease adds a great deal of security, convenience, and safety right from the start. And when it comes to battery quality, the Emerald Fold doesn’t disappoint. Equipped with a 48v 10.4 ah Samsung battery, certified with UL 1642, you can trust in its performance.
Let’s talk about its folding capability, which is truly impressive. The Emerald Fold folds up compactly, making it incredibly convenient to store. With a simple set of levers, you can effortlessly fold the frame, pedals, and handlebars, ensuring it can fit into tight spaces without the need for disassembly. It’s a breeze to maneuver and store, making it perfect for those on the go.
When it comes to shifting gears, the Emerald Fold doesn’t disappoint. Equipped with a 7-speed Shimano derailer, changing gears is a breeze. The integrated up and down shifter, combined with an indicator window, ensures smooth and precise shifting. And the Wellgo folding platform pedals provide excellent grip, even when riding at high speeds or challenging terrains.
The Emerald Fold‘s hidden power is the XIONGFENG 750w peak geared motor, which is seamlessly integrated into its magnesium wheels. This design choice not only keeps the motor discreet but also offers superior durability. The three-spoke solid wheels require no truing or maintenance and can handle heavier loads with ease. The Emerald Fold offers stability and a smooth ride, reaching a top speed of 20mph. And if you prefer some pedal assist, you’ll be pleased to know that it offers an impressive range of up to 55 miles.
Carrying the load with ease, the Emerald Fold is equipped with street-ready Compass fat tires featuring stylish brown sidewalls. These semi-slick tires offer puncture resistance and a classic look, perfectly complementing the adventurous spirit of this bike. With its 5-year limited warranty, the Emerald Fold demonstrates its reliability and durability, allowing you to enjoy many miles of worry-free riding.
Comfort is key, and the Emerald Fold delivers on that front as well. The plush Justek saddle offers a wide footprint and ample foam padding, ensuring a smooth and comfortable ride every time. Paired with genuine leather grips that provide a comfortable and secure hold, and the Promax height-adjustable stem, this bike guarantees a customized fit for riders of all sizes. The Promax headset ensures smooth and predictable steering, making every corner a joy to navigate.
Let’s not forget the impressive display on the Emerald Fold. The Yonglin 5-color display is easy to read and conveniently provides all the essential information you need. With compact controls integrated into the unit itself, you can easily adjust the various levels of pedal assist. And with the Star Union thumb throttle, accessing the motor’s power is as simple as a flick of your thumb. Whether you need that extra boost to overcome tough spots or gain momentum at a stoplight, the Emerald Fold delivers power on demand.
In summary, the Emerald Fold eBike is an exceptional electric folding bike that seamlessly blends style, functionality, and performance. With its user-friendly design and purpose-driven upgrades, this bike offers an incredible riding experience at a competitive price point.
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British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024.
Nurphoto | Nurphoto | Getty Images
British oil giant BP on Tuesday posted slightly weaker-than-expected first-quarter net profit, following a recent strategic reset and a slump in crude prices.
The beleaguered oil and gas major posted underlying replacement cost profit, used as a proxy for net profit, of $1.38 billion for the first three months of the year. That missed analyst expectations of $1.6 billion, according to an LSEG-compiled consensus.
BP’s net profit had hit $2.7 billion a year earlier and $1.2 billion in the final three months of 2024.
The results come as the energy major faces fresh pressure from activist investors less than two months after announcing a strategic reset.
Seeking to rebuild investor confidence, BP in February pledged to slash renewable spending and boost annual expenditure on its core business of oil and gas.
BP CEO Murray Auchincloss told CNBC’s “Squawk Box Europe” on Tuesday that the firm was “off to a great start” in delivering on its strategic reset.
“We had a great operational quarter. We had our highest upstream operating efficiency in history. Our refineries in the first quarter ran at the best they’ve run in 24 years. We had six exploration discoveries in a row, which is really unusual and we started out three major projects,” Auchincloss said.
For the first quarter, BP announced a dividend per ordinary share of 8 cents and a share buyback of $750 million.
Net debt rose to $26.97 billion in the January-March period, up from $22.99 billion at the end of the fourth quarter. BP had previously warned of lower reported upstream production and higher net debt in the first quarter, when compared to the final three months of last year.
Shares of BP fell 3.3% on Tuesday morning. The firm is down roughly 8% year-to-date.
Activist pressure
BP’s green strategy U-turn does not appear to have gone far enough for the likes of activist investor Elliott Management, which went public last week with a stake of more than 5% in the London-listed firm.
The disclosure makes the U.S. hedge fund BP’s second-largest shareholder after BlackRock, the world’s largest asset manager, according to LSEG data.
Elliott was first reported to have assumed a position in the oil and gas company back in February, driving a share price rally amid expectations that its involvement could pressure BP to shift gears back toward its oil and gas businesses.
BP’s Auchincloss declined to comment on interactions with investors when asked whether the firm was under pressure from the likes of Elliott to go beyond the plans announced in its February pivot.
Notably, BP suffered a shareholder rebellion at its annual general meeting earlier this month. Almost a quarter (24.3%) of investors voted against the re-election of outgoing Chair Helge Lund, a symbolic result that reflected a sense of deep frustration among the firm’s shareholders.
Mark van Baal, founder of Dutch activist investor Follow This, told CNBC last week that he hoped the shareholder revolt means Amanda Blanc, who is leading the process to find Lund’s successor, will look for a new chair who is “climate competent” and “will not respond to short-term activists so quickly.”
Lund is expected to step down from his role next year.
Takeover candidate
BP’s underperformance relative to industry peers such as Exxon Mobil, Chevron and Shell has thrust the energy major into the spotlight as a prime takeover candidate. Energy analysts have questioned, however, whether any of the likeliest suitors will rise to the occasion.
BP’s Auchincloss on Tuesday said that he wouldn’t speculate on whether the company is a takeover target, but confirmed the oil major had not asked for any sort of protection from the British government.
“What I will say is we’re a strong, independent company and we’ve got sector-leading growth. And if we can deliver the sector-leading growth, and the first quarter is a fantastic example of that, then I have no concerns. I think we’re going to do great,” Auchincloss said.
Murray Auchincloss, chief executive officer of BP, during the “CERAWeek by S&P Global” conference in Houston, Texas, on March 11, 2025.
Bloomberg | Bloomberg | Getty Images
Oil prices have fallen in recent months on demand fears. International benchmark Brent crude futures with June delivery traded at $65.19 per barrel on Tuesday morning, down more than 1% for the session. That’s lower from around $84 per barrel a year ago.
Asked whether weaker crude prices could put the some of the firm’s reset plans in jeopardy, Auchincloss said, “Not really. We have a balance of products that we think about that generate revenue for us. So, oil, natural gas and refined products as well.”
— CNBC’s Ruxandra Iordache contributed to this report.
Germany’s largest offshore wind farm under construction, EnBW’s He Dreiht, just hit a big milestone: The first enormous turbine is now up in the North Sea.
He Dreiht – which means “it spins” in Low German – is using Vestas’s massive 15 megawatt (MW) turbines, the first project in the world to install them. Just one spin of one of the rotors can generate enough electricity to power four households for an entire day.
When it’s finished, He Dreiht will have 64 mega turbines cranking out 960 megawatts (MW) of clean power – enough to supply around 1.1 million homes. And it’s being built without any government subsidies.
EnBW, one of Germany’s major energy companies, has been working in offshore wind for more than 15 years, but He Dreiht is their biggest project yet. “It will play a key role in helping us to significantly grow our renewable energy output from 6.6 GW to over 10 GW by 2030,” said Michael Class, who heads up EnBW’s generation portfolio development.
The project is a win for Vestas, too. “With the installation of the first V236-15.0 MW, we have reached an important milestone for both the He Dreiht project and our offshore ramp-up, which helps Germany build a more secure, affordable, and sustainable energy system,” said Nils de Baar, president of Vestas Northern & Central Europe.
He Dreiht is located about 85 kilometers (53 miles) northwest of Borkum and 110 kilometers (68 miles) west of Helgoland. At peak times, more than 500 workers will be out at sea building the farm, using a fleet of more than 60 ships. EnBW’s offshore team in Hamburg is running the show.
The installation process is a major operation. The 64 foundations were already set in the seabed last year. Parts for the turbines are loaded onto the installation vessel Wind Orca in Esbjerg, Denmark, and shipped out in a 12-hour journey to the construction site. From there, the turbines are lifted into place. Meanwhile, crews are also working on internal wind farm cabling.
A partner consortium made up of Allianz Capital Partners, AIP, and Norges Bank Investment Management owns 49.9% of the shares in He Dreiht.
Read more: Trump admin halts $5 billion NY offshore wind project mid-build
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Tesla has released a quick update about its Tesla Semi factory in Nevada. It says that it is on track for volume production of the electric semi truck in 2026.
The Tesla Semi was first scheduled to go into production in 2019, but it has faced numerous delays.
Now, it appears that there is finally some momentum to bring it to volume production.
For the last two years, Tesla has been working to build a new factory next to Gigafactory Nevada, where it builds the battery packs and drive units for most of its electric vehicles built in North America.
Today, Tesla released a “progress update on the factory, confirming that it finished building and it’s now working on deploying the production lines:
Tesla had previously mentioned aiming for volume production by 2025, but it is now only talking about starting production toward the end of the year and ramping up next year.
The automaker reiterated its planned production capacity of 50,000 units.
We recently reported that an early Tesla Semi customer, Ryder, stated that the electric truck program is experiencing more delays and a price increase described as “dramatic.”
They now expect to take deliveries of their first trucks later in 2026 and said that the price has increased “dramatically,” leading them to scale back their pilot program from 42 to 18 Tesla Semi trucks.
When originally unveiling the Tesla Semi in 2017, the automaker mentioned prices of $150,000 for a 300-mile range truck and $180,000 for the 500-mile version. Tesla also took orders for a “Founder’s Series Semi” at $200,000.
However, Tesla didn’t update the prices when launching the “production version” of the truck in late 2022. Price increases have been speculated, but the company has never confirmed them.
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