Automotive

Lenovo M2 Electric Scooter: Price and availability in the Philippines

Gear up and go places!

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Lenovo brings the M2 Electric Scooter to the Philippines — the solution for short-distance travels and commutes.

It’s the company’s first-generation electric scooter offering top-notch performance with a focus on rider safety and protection while staying stylish and smart.

The Lenovo M2 Electric Scooter is equipped with a powerful 350W motor and 7.5Ah high-capacity battery, moving up to 25 km/h and travels up to 30km in a single charge. It has an intelligent battery management system installed, protecting the battery against short-circuiting, overcurrent, overcharge, over-discharge, and extreme temperatures.

It has a cruise control function so you can maintain and control acceleration and speed. It also supports speed shifting so you can quickly change gears. The electric scooter houses an LED screen where you can preview vital information and track parameters such as speed, mileage, gear used, and battery capacity. Stats are also available on Lenovo’s mobile app, wherein you can connect the electric scooter via Bluetooth support.

Furthermore, it comes with a triple-brake and triple-damping system for added protection and comfort on the road. It’s designed with the user in mind, utilizing strong yet light components like magnesium and aluminum alloy for durability and portability.

It’s stable enough to support a load up to 120kg, and handle steep roads with a max incline of 15-degrees. Additionally, it comes with an IP54 rating, making it suitable for riding under light rain and on dusty terrain.

Price and availability

The Lenovo M2 Electric Scooter retails for PhP 19,995, and will be available at official resellers and exclusive stores nationwide starting March 27.

Celebrating its arrival, Lenovo is holding two special promos for the M2 Electric Scooter. From March 18 to 27, you can pre-order the electric scooter from the official Lenovo Mobile Flagship Store via the Lazada app, at a reduced price of PhP 16,995. It is bundled together with a free Herschel backpack and Lenovo Trackpods.

Simultaneously, Lenovo hosts an online promo where the winning participant can get one unit of the e-scooter for free. For more details, visit Lenovo Philippines’ official Facebook page.

SEE ALSO: Lenovo M2 Electric Scooter review: Your new, city best friend

Automotive

Volkswagen lied about rebranding its America division to ‘Voltswagen’

The carmaker should just stop lying

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On March 29, Volkswagen’s America division released a press note saying that the company shall be changing its name to ‘Voltswagen.’ The rebranding was to stress its commitment to electric vehicles.

As it turns out, the press release was fake and the carmaker purposely leaked it ahead of April 1, which is universally celebrated as April Fool’s day. Mark Gillies, a company spokesman, confirmed Tuesday that the statement had been a pre-April Fool’s Day joke.

The stunt was supposed to be a marketing campaign for the new electric SUV — ID.4. While the name change may have been deemed a joke, Volkswagen states that the underlining theme was the emphasis on EVs.

However, the joke wasn’t funny for many because the announcement prompted the company’s stock to go up by almost five percent in one day. Following the name change, many investors believed Volkswagen is serious about the EV space and has future potential. Those who fell for the news and invested in the company are now left in limbo.

The joke has received a lot of criticism because this isn’t the first time Volkswagen has lied to the public. The German carmaker was infamously found guilty of Dieselgate, a high-profile scandal wherein the company was caught cheating and manipulating emission tests via dedicated software changes.

In a nutshell, diesel cars were emitting much more pollutants than they should, but regulators were not able to detect this due to special modifications. Volkswagen admitted that about 11 million diesel vehicles worldwide were fitted with deceptive software. The scandal cost the company US$ 35 billion in fines, penalties, and recall of millions of vehicles.

April Fool’s day is a joke and it’s normal to see companies come up with unbelievable or even bizarre ideas to grab the limelight. Although, it’s easy to distinguish between humor and serious news on April 1 since jokes are expected by everyone. Volkswagen’s timing was extremely poor and gave little opportunity for media organizations as well as investors to consider it humor.

The poorly planned publicity stunt could boomerang for the automaker. US securities regulator, the SEC, has often fined companies for fake disclosures that mislead investors. In 2018, Tesla CEO Elon Musk was fined US$ 20 million when he tweeted about turning the company private, without any funding actually lined up. The tweet boosted Tesla’s stock temporarily and created a false market frenzy, prompting a crackdown by regulators.

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Automotive

Xiaomi is venturing into smart vehicles

Ready to ride on a Mi Car?

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Image by GadgetMatch

It was just rumors a few weeks back but we now have confirmation from Xiaomi that they are indeed entering into the business of making smart vehicles.

An announcement shared by a Xiaomi representative to GadgetMatch reads the following:

The board of directors of the Company has resolved to commence the smart electric vehicle business. The Company will set up a wholly-owned subsidiary to operate the smart electric vehicle business. The initial phase of investment will be RMB 10 billion, with the total investment amount over the course of the next 10 years estimated to be USD 10 billion. Mr. Lei Jun, the Chief Executive Officer of the Group, will concurrently serve as the Chief Executive Officer of the smart electric vehicle business.

Seeing as Xiaomi has practically dipped its toes into pretty much everything, the decision to venture into this new business isn’t exactly surprising. The company already has a firm hold in the smartphone market but, as Engadget noted on their report, expanding into electric vehicles will give them another revenue stream with bigger profit margins and is not susceptible to risks of chipset shortage.

The company will face tough competition not just from existing car manufacturers like Tesla and Nissan, but also other big tech companies like Apple who are looking at widening their horizon and expanding into smart transportation.

We still don’t know when an actual Mi Car will first hit the market. However, with this announcement, we can expect the company to start showing of a concept or a prototype to generate buzz and develop interest.

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Automotive

Elon Musk says you can now buy a Tesla with bitcoin

And it won’t be converted to fiat currency

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Tesla chief and billionaire Elon Musk said on Twitter that the electric vehicle maker has started accepting Bitcoin. To buy a brand-new electric car from Tesla, now you can use cryptocurrency. And it won’t get converted to fiat currency.

“You can now buy a Tesla with bitcoin. Tesla is using only internal and open source software and operates bitcoin nodes directly,” the CEO said in a series of tweets.

The automaker last month revealed that it had bought $1.5 billion worth of bitcoin and that it would soon start accepting the world’s most popular cryptocurrency as a form of payment. Tesla’s vehicles range from US$ 40,000 to US$ 125,000 before tax. Based on the market rate, you can pay via the cryptocurrency and roll-out of the showroom with a brand new Tesla.

It’s available only to US customers right now, but Tesla did say that more countries shall follow later this year. It’s to be noted that bitcoin is the only cryptocurrency Tesla accepts.

Musk has always been an ardent supporter of cryptocurrencies and envisions a day when it’ll take over the world. While a tiny portion of the money is flowing in Bitcoin right now, many predict it to be the future of payments and human economics.

Tesla embracing bitcoins is a bid-deal because many other smaller companies shall be encouraged to make a move. Acceptability has always been a strong-point for cryptocurrency critics, and this one small act of confidence-building.

Some investors, however, are convinced that Tesla and bitcoin are both in bubble territory. The value of a Tesla share and bitcoin has soared in the last year, breaking all fundamental rules of value-based investing. Investors are concerned that cryptocurrency is still an unregulated industry and that many governments, like the Indian one, shall clamp down on it. Making it a very volatile investment.

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