US electric bicycle sales tracking towards 1 million annually, global market heading to $40B with a ‘B’

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Electric bicycles have been putting more new and returning riders on two wheels than ever before. And in case anyone needed more proof that e-bikes are a key component of the future of transportation, the latest data and market research shows that sales volume and revenue are heading into the stratosphere.

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Quick Charge Podcast: February 8, 2022

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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players.

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President Biden finally acknowledges Tesla as ‘America’s largest EV maker,’ calming Elon Musk fans

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In new comments about US manufacturing, President Biden finally acknowledged Tesla as “America’s largest electric vehicle manufacturer,” calming Elon Musk fans who have been raising a big stink for months about the administration overlooking Tesla.

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CATL continues reign as the world’s largest EV battery manufacturer for a fifth straight year

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New data from a South Korean research firm shows that EV battery manufacturer CATL is once against the largest in the world by installed battery capacity. The company saw growth over 165% compared to 2020 and holds the title of world’s largest battery manufacturer for the fifth year in a row.

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Nikola Motors (NKLA) loses its whole supply chain leadership, puts hiring freeze as situation looks dire

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Nikola Motors (NKLA) has lost almost its entire supply chain leadership over the last few months as the situation at the company is starting to look dire.

Sources familiar with the matter say that the company put a hiring freeze in place for now.

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GEN3 Flex e-bike with 40-mile range and hybrid design $1,000 ($600 off), more in New Green Deals

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While many e-bikes out there sport ranges of around 20 miles, the GEN3 Flex takes things to another level with a hybrid design that allows you to ride for up to 40 miles on a single charge. This makes it easy for those with a longer commute to get back and forth to work all without using a single drop of gas or oil. On sale for $1,000 today, you’ll be saving $600 from its lofty normal price and scoring a new all-time low that we’ve tracked. We also have a wide selection of Tesla, Greenworks, and other e-bike discounts in today’s New Green Deals, so you won’t want to miss that either.

Head below for other New Green Deals that we’ve found today, more on why going electric for your yard tools like the mower on sale is important, and of course Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

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Electric hydrofoil startup Navier raises $7.2 million in seed funding to build boats in the US

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Electric hydrofoil watercraft startup Navier announced a large round of seed funding to help its founders in their quest to democratize waterways by reducing operational costs for electric boat transportation. The funding announcement comes as Navier constructs its first of fifteen N27 hulls planned for its first year of production.

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Tritium CEO to meet President Biden today following announcement of a new DCFC manufacturing facility in Tennessee

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DC fast charging hardware and software manufacturer Tritium outlined plans for a new manufacturing facility in Lebanon, Tennessee this morning. Furthermore, all chargers produced at the new facility are expected to comply with Buy America Act provisions. As a result, Tritium CEO Jane Hunter will meet President Biden at the White House today to discuss US EV infrastructure.

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Volvo Cars to invest over $1 billion to upgrade Swedish plant with tech-like mega casting for its next generation of BEVs

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Volvo Cars has shared news that it plans to invest SEK 10 billion (~$1.09 billion) in its Torslanda manufacturing plant in Sweden, to deliver advanced production practices for its next generation of fully electric vehicles. This includes mega casting of aluminum body parts, a new battery assembly plant, and more.

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Ford CEO: We would rival Tesla right now if we were producing enough electric vehicles

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Ford CEO Jim Farley made an interesting comment that highlighted just how the perception of Tesla has massively shifted in the automotive industry over the last few years.

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