General Motors has announced it is giving up its first electric bike. The carmaker’s Ariv e-bike, which sounds close to “arriving” (Chinese means arrival), was launched in a handful of European countries last year. But GM announced the production of the electric bike because of the COVID-19 outbreak. The car’s booking website has now been redirected to GM’s main website.
GM first announced the Ariv e-bike program in early November 2018. A single charge has a range of about 40 miles (64 kilometers) and a charge time of 3 and a half hours. Small e-bikes in Belgium and the Netherlands cost 2,800 euros (about 214,000 yuan), while folding bikes cost 3,400 euros (about 25,900 yuan). In Germany, it sold for 2,750 euros (20,988,000 yuan) and 3,350 euros (255.67 million yuan) respectively.
GM said in a statement to The Verge that the decision was the result of a careful review of its operations in the coronavirus outbreak. “Ariv has brought important insights into micro-mobility for GM, and we plan to use them to benefit future innovations,” said Brian Tossan, GM’s global director of innovation.
The outbreak of THE COVID-19 outbreak has taken its place in GM’s business, with the nation’s largest automaker losing $1.4 billion before taxes in the first three months, according to gm’s latest earnings report. Despite the crisis, the company posted a profit of $294 million in the first quarter. GM’s North American plant has been closed since mid-March, but the company recently informed workers that it plans to resume production on May 18.