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A recent string of anti-ebike articles in the New York Times has attempted to spread fear around the increasingly popular transportation method of electric bicycles. But it’s not just the typical e-bikes you see students riding to class or adults cruising to work on. One of the main e-bike targets of late has become electric balance bikes, or what the NYT referred to as “motorcycles for children.”

However, instead of fearing these rider training tools, we’d be better advised to embrace them and encourage more parents to put their kids on one.

The main bike at issue in the recent NYT hit-piece was a model named the “K1D”, or kid. It’s produced by California-based electric bike manufacturer SUPER73 and is the company’s first two-wheeler specifically designed for children.

It’s not a new concept though. Let’s be honest: SUPER73 basically looked at the massive amount of money another company known as StaCyc was making selling electric balance bikes and said “We can do that too, only cooler”. And they did.

For those unfamiliar, balance bikes are essentially tiny bikes for small children. There are no pedals, so kids push off against the ground and then rest their feet on the platforms. The aptly-named balance bikes teach kids how to balance a bike by developing the intuition to slightly steer to the side they are leaning towards. Until they get it and balance on their own, they can just put their feet back down.

It’s the modern day alternative to how your dad used to push you on your bike in a grassy field while yelling “Now pedal! And turn! TURN!” before running after you as you fall, then watched as you get back up to try again. Except instead of falling, kids now just put their feet down and push off again. In fact, children are learning to control a bike without even realizing they’re learning. To them, it’s just fun to push and glide.

Balance bikes are replacing training wheels as the go-to method for learning to ride a bike. Unlike training wheels, which don’t teach how to balance and only make kids reliant on something else to balance for them, these types of balance bikes teach kids to be reliant on themselves to stay up. Balance bikes are not only safer (fewer falls), but kids actually learn on their own by discovering what works. They feel what steering inputs make the bike more stable, then learn to repeat it, all by themselves.

Balance bikes have been around for a while, but electric balance bikes are fairly new. They’re basically the same thing, except they have a tiny electric motor and battery added on to the frame. Kids still have to push off to get going, but instead of slowing down and stopping after a few seconds, they can push a button or twist a throttle to engage the motor and keep going. It’s more fun for the kid (obviously, “vroom vroom”) and it actually helps them learn to ride a bike faster because they spend more time upright and balancing, developing the muscle memory and neural pathways needed to steer and balance a bicycle.

My wife and I are enjoying playing life on easy mode without kids, so from time to time we borrow our nieces and nephews whenever we feel like experimenting. I recently got a hold of an electric balance bike from Hiboy and put my 4 year old niece on it. Time to experiment.

My niece on her electric balance bike

She already has a small pedal bike with training wheels, but my brother hasn’t been able to remove them yet because she doesn’t know how to balance the bike without the training wheels. They try, but it just proves frustrating and she gives up. Each time I saw those damn training wheels, I wanted to take them off, but I couldn’t since she’d just fall over.

To my niece, the electric balance bike was immediately “cool”. She’s seen her older brothers ride electric scooters and so she naturally wanted to try her own electric ridable thing.

We left the power off at first and she practiced rolling downhill on her driveway, learning to balance on the way down.

After a few tries, she was getting the hang of it. Then we turned the power on. And something amazing happened. She reached the bottom of the driveway, pushed the throttle and just kept going.

She was a bit wobbly, like a small drunk person struggling to ride home from an Amsterdam bar, but she was rolling on two wheels. After a few more minutes, she was doing it! She was actually riding and balancing all on her own.

But that’s not the end of the story. Because to continue the experiment, we next took the training wheels back off her pedal bike to see what would happen.

And she immediately succeeded to ride her pedal bicycle, something she had never been able to do before. Literally just a few minutes on an electric balance bike did what months of training wheels couldn’t: it taught her to ride a bike.

Of course anecdotal evidence is merely evidence of an anecdote, but I don’t think my niece is anything special. She’s rather ordinary (and also loud… oh so loud! Hanging out with small children is the best birth control in the world). But it still goes to show just how powerful of a learning tool electric balance bikes can be.

They’re essentially a way to Trojan horse bike-riding skills into kids. It’s the same idea of hiding math problems in educational video games. You take something inherently fun for kids, and you sneak important skills and lessons into it. It’s a win-win.

With these new-fangled contraptions of electric balance bikes, the kids still get exercise (you have to push off to get going before the motor will activate) and they get more fresh air from outdoor time.

At a time when childhood obesity rates are at depressingly high levels, we should be doing everything we can to get kids away from screens and onto bike saddles. If an electric balance bike, something that critics like to refer to as “motorcycles for children”, are cool enough to get kids interested in going outside and learning to ride, then we need more of them. Hell, include little leather vests that say “Heck’s Angels” to go with them, I don’t care. If a few Pulitzer Prize-winning NYT journalists need to get their feathers ruffled in order for scores of young kids to more quickly learn to ride bikes, that’s a price I’m willing to pay.

Just make more of these fun tools and get more kids on them. We need more kids learning to ride, more quickly and in larger numbers.

She’s still practicing the dismount

The obvious counterargument here is “But they aren’t pedaling so they’re just being lazy”. But stick with me here. Again, you’ve got to push off before you can engage the motor, so there’s some physical activity required. And balancing engages your core and other muscles too. But also, keep in mind that exercise isn’t the point at this stage. We’re talking about toddlers. If they aren’t sleeping, they’re either running or being annoying (both of which burn calories). And they’re going to outgrow these tiny electric balance bikes quickly anyway. If they can fit on it for a year, you’ll be lucky. By the time they’ve outgrown it, put them on a pedal bike. They’ll enjoy the new larger bike with a fun new propulsion method and will feel like a “big kid” on their new pedal bike, which they are instantly good at riding thanks to honing their balance skills from an earlier age on an electric balance bike.

Luddites that fear electric motors can and likely will continue to hold these things up as two-wheeled boogeymen that are coming for your kids, but I say let them come for your kids. Because if electric balance bikes are this quick as a learning tool to teach kids an important life skill of riding a bike and in a way that is more effective and more fun for the kids, then they’re obviously doing something very right.

Anything that encourages kids to get outside, get on a bike or just go be kids away from screens is a good thing.

Of course that doesn’t mean that there shouldn’t be adult supervision. Electric balance bikes are effective tools for teaching kids bike balance skills but adults should still be watching those kids to make sure they’re safe during that learning process. An orange flag wouldn’t be a bad idea either. But I’d argue that the process is even safer since kids can more quickly learn the balance part and then move on to more critical safety lessons like learning to check for cars before entering the street, etc.

The NYT can try to scare parents away from electric balance bikes for kids, but perhaps fear mongering news isn’t where we should be getting our cycling advice. The NYT makes money when people click on their articles, and a headline “Nothing wrong with effective cycling learning tool” doesn’t carry the same clickability. As a journalist who also only makes money when you read my articles, I’m going to take that risk. I probably won’t earn very much today, so I’ll just skip my millennial avocado toast until tomorrow. But that’s a small sacrifice to pay for helping a few more kids learn to ride a bike.

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CATL stock slips as EV battery giant hints at first annual revenue decline in 2024

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CATL stock slips as EV battery giant hints at first annual revenue decline in 2024

The world’s largest EV battery maker warned that it expects to report less revenue in 2024 than the previous year, sending share prices down on Wednesday. CATL (SHE: 300750) stock dipped after its 2024 Annual Performance Forecast was released. Here’s a preview of CATL’s financials for last year.

CATL stock falls on lower 2024 revenue expectations

CATL released the forecast in a filing with the Shenzen Stock Exchange late Tuesday, previewing its full-year 2024 financials.

The battery giant expects annual revenue of between RMB 356 billion ($48.9 billion) and RMB 366 billion ($50.3 billion), suggesting an 11.20% to 8.71% decrease from 2023. This would mark CATL’s first time reporting lower annual revenue than the year before.

CATL said that although sales volume was up, the lower expectations were due to falling raw material prices, including lithium carbonate. Despite this, the company still expects to post annual net income of RMB 49 billion ($6.7 billion) to RMB 53 billion ($7.3 billion), which would be up 11.06% to 20.12% from 2023.

Excluding non-recurring gains and losses, CATL expects net profit attributable to shareholders between RMB 44 billion ($6 billion) and RMB 47 billion ($6.5 billion), up 9.75% to 17.23% from 2023.

CATL-2024-revenue-preview
CATL 2024 revenue and net income forecast (Source: CATL/ Shenzhen Stock Exchange)

CATL said the higher net profits were “mainly due to the company’s technological research and development capabilities.” It also said the competitiveness of its products continues to increase.

After launching a series of new products and technology while expanding its partnerships last year, CATL expects “steady growth” in performance.

CATL-EV-battery-swap-station
CATL Choco-Swap EV battery swap station (Source: CATL)

Just yesterday, a local report from Jieman claimed CATL expected to announce plans for yet another EV battery plant in Europe as it expands its global reach. The new facility would be in addition to the one revealed last month with Stellantis and CATL’s fourth in Europe.

According to SNE Research, CATL remained the world’s largest EV battery maker, commanding 36.8% of the global market through the first 11 months of 2024.

CATL-stock-2024-revenue
CATL launches new Bedrock Chassis (Source: CATL)

CATL launched its new Bedrock Chassis last month, which it calls “the world’s first ultra-safe” EV skateboard chassis. It’s also aggressively expanding its EV battery swap plans with a new line of Choco-SEB batteries, which make swapping even quicker than filling a gas tank (within 100 seconds).

CATL-stock-2024-revenue
CATL stock chart January 2023 through January 2024 (Source: TradingView)

Despite the confidence and higher net profits, CATL’s stock slipped around 2% on Wednesday following the lower revenue expectations.

CATL shares are still up nearly 70% over the past 12 months, as the EV battery leader launched new products and expanded its global market lead.

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Sustainable luxury down below: U-Boat Worx (finally) launches its revamped electric ‘Super Sub’

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Sustainable luxury down below: U-Boat Worx (finally) launches its revamped electric 'Super Sub'

Electric submersible specialist U-Boat Worx has unveiled bonafide images of its flagship electric “Super Sub.” The revamped model, designed to provide customers luxury, speed, and depth at sea, has officially been launched and is available to interested marine explorers.

U-Boat Worx is a Dutch submersible manufacturer that has become one of the industry leaders in luxury electric sub design.

The company has introduced nine different electric submarine series. These include the nine-passenger NEXUS series we previously covered and a three-passenger Super Sub, which first debuted in 2021.

In the fall of 2022, we shared that U-Boat Worx redesigned the all-electric Super Sub to bolster its speed below the water’s surface. It claimed its updated version could cruise as quickly as 10 knots, 3-4 knots faster than the bottlenose dolphin.

U-Boat Worx originally planned to launch the revamped version of the Super Sub in 2023. Over a year later, it officially unveiled the luxury electric sub with new, genuine images of the vessel instead of renderings.

U-Boat Worx begins sales of its electric Super Sub

U-Boat Worx shared the images seen above alongside a press release detailing the official (late) launch of its three-passenger Super Sub. As you can see, the design features a droplet-shaped hull and advanced wing configurations, which, according to U-Boat Worx, helps make it one of the most hydrodynamic submersibles ever crafted.

The electric sub’s streamlined design is complimented by a four-thruster propulsion system that delivers 100 kW of thrust and speeds up to 9 knots (~10 mph) underwater. The vessel can also complete 45-degree climbs and “impressive inclined underwater maneuvers.” Roy Heijdra, Marketing Manager at U-Boat Worx, elaborated:

The Super Sub is a marvel of engineering and luxury. It’s more than a submersible — it’s a first-class ticket to explore the ocean like never before, combining speed, safety, and sophistication in every dive.

In terms of interior luxury, U-Boat Worx says the electric Super Sub offers a comparable experience to first-class travel – a step up from the “business-class comfort” of its other models.

Inside, two passengers and a pilot can enjoy spacious and ergonomic seating with a five-point harness system for comfort and safety during the electric sub’s high-speed maneuvers using a unique SHARC controller developed for the Super Sub to deliver intuitive maneuverability at any angle or pitch. Looking outward, a panoramic ultra-clear acrylic hull offers passengers 360-degree views.

The Super Sub is powered by a 62 kWh battery pack that offers up to 8 hours of exploration using electric propulsion and hydrofoil technology. If you’re wondering how much a luxury three-passenger electric submarine costs, well we’re not sure either. We asked, but U-Boat Worx says it only shares pricing with its applicants. Do any billionaires want to apply and report back? Thanks

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Polestar sees Elon’s antics as an opportunity to steal sales from Tesla

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Polestar sees Elon's antics as an opportunity to steal sales from Tesla

Polestar CEO Michael Lohscheller sees Elon Musk’s politics as an opportunity to steal sales from Tesla as many owners are looking at other electric vehicles.

Tesla CEO Elon Musk’s meddling in politics hasn’t been winning him many fans outside of the US lately. In Germany, we reported on a boycott effort that is gaining ground.

Michael Lohscheller, Polestar’s CEO, sees it as an opportunity.

Being German himself, he finds Musk comments promoting AfD, a far-right party in Germany, “unacceptable”. He said in a Bloomberg interview:

“For Germany, somebody outside of Germany endorsing right-wing political parties is a big thing. You want to know what I think about it? I think it’s totally unacceptable. Totally unacceptable. You just don’t do that. This is pure arrogance, and these things will not work.”

The CEO says that a lot of people are turning on Tesla because of this.

We get a lot of people writing that they don’t like all this. It’s important to listen closely to what they say. And I can tell you, a lot of people have very, very negative sentiment.

Some surveys showed as many as a third of Tesla owners have sold or are looking to sell their vehicles due to Elon Musk’s antics.

That could indeed be an opportunity for Polestar and the company needs it.

Sales have been lacking behind target and its stock has suffered – 92% of its value since going public.

It managed to secure some funding late last year and scaled back spending to extend its capacity to operate. It now plans to go to a more traditional dealership model to move cars.

But the biggest difference maker is the expanding lineup of vehicles that Polestar is launching.

Electrek’s Take

It is certainly an opportunity. I’m seeing more and more Tesla owners saying that they would never buy another Tesla.

Those people aren’t likely to go back to a gas car, and therefore, it is an opportunity for all other EV automakers.

I haven’t had a lot of time in Polestar vehicles. I think they look cool, but my opinion stops there. I am going to test them all next month and I will report back.

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