KBO have launched two new folding models, the K1 and K2 (step through), with an introductory price of $700 https://kbobike.com/products/folding-ebike-k-series
The spec sheet states they ship as Class 2, with 20"x3" tires, 48v 500w motor with cadence PAS, 10ah removable frame battery, 7-speed...