Well I guess this is an EV and they may sell more volumes then their Bolt. May this is a side business for them, but I wish they would put more into bringing out competitive EVs at lower prices then spending effort on making bikes. https://www.bicycling.com/news/a26344495/general-motors-electric-bike-ariv/ General Motors launched a new e-bike brand, ARĪV, on Thursday. ARĪV will offer two bikes—the Meld, a compact e-bike, and the Merge, a folding e-bike—for sale at $3,160 and $3,835, respectively. Initial sales will be available in Germany, Belgium, and the Netherlands. .............. The ARĪV motor was designed and built by GM exclusively, drawing heavily from the company’s experience with electric vehicles. It enables speeds up to 25 kph (about 15.5 mph) with four levels of pedal-assisted power, as well as a throttle-engaged walk mode to help users easily move the hefty bike on foot. The battery charges from empty to full in roughly 3.5 hours and lasts about 40 miles on a single charge (on the lowest assist setting, we assume). Both bikes also come with integrated, rechargeable LED head- and taillights and hydraulic brakes to increase stopping power.