Lexus just teased a new hoverboard and it looks awesome

Update (7/30 10:30am): Lexus has released another teaser video, this time announcing that it will finally take the wraps of its new hoverboard on August 5th.

Lexus is showing off a hoverboard today – yeah, you read that right – and it looks pretty sick. By combining liquid nitrogen-cooled conductors and magnets, it will lift a rider off the ground while standing on a bamboo platform. The nitro does make a pretty cool effect with the slight smoke billowing out. There aren’t many details at this time, but it certainly is worth checking out the teaser video:

Turns out, Lexus isn’t the only car company working on some cool technology. Ford has detailed a new e-bike that can fold up into your car’s trunk. Called the MoDe:Flex, although we don’t have much information other than that, Ford has released a video showing it cruising around.

It can sync with the Mode:Link smartphone app to plan routes, tracking progress, etc. Although it’s currently a prototype, this would be a pretty killer way to get around town.