Lectric launches XP Lite3 folding e-bike at $799

US e-bike maker Lectric eBikes has unveiled the XP Lite3, a lightweight folding electric bike that keeps the $799 starting price introduced with the original XP Lite in 2022. The third-generation model brings a range of upgrades aimed at making the bike easier to ride, fold and transport, building on one of America's most popular budget e-bike platforms.