Lectric launches XP Lite3 folding e-bike at $799

US e-bike maker Lectric unveiled the third-generation XP Lite3 folding electric bike, keeping the $799 starting price. It weighs 49 lb, tops out at 20 mph and offers up to 80 miles of Eco range with the 672 Wh battery; a Gates belt-drive version costs $100 more.

• Starts at $799, weighs 49 lb, 275 lb payload
• 300W continuous motor, over 800W peak, 20 mph top speed
• 374 Wh or 672 Wh battery, up to 80 miles in Eco
• Hydraulic disc brakes, turn signals, 3.5-inch color display