E1 Jeddah GP results: UIM’s first electric boat race concludes with familiar faces on the podium
Friday and Saturday kicked off the inaugural season of the first-ever electric boat racing league when the first eight teams in the UIM E1 Championship Series motored, foiled, and splashed across the Red Sea in Jeddah, Saudi Arabia. Marc Anthony’s Team Miami had pole position heading into Saturday’s race, but two other famous names were on the podium; here are the final E1 results.
It’s been a multi-year journey for the UIM E1 Series and its founders leading up to this weekend’s first GP, and we at Electrek have covered the nascent league most of the way. That said, we naturally had to tune into Saturday’s electric boat racing rounds, broadcast live from Jeddah on CBS Sports Network.
Friday’s qualifying races consisted of time trials to determine pole position for the semi-finals. The fastest time ended up coming from Marc Anthony’s Team Miami, which also tallied one point toward their season total for the championship in Hong Kong.
On Saturday, the eight initial E1 teams were split into two separate semi-final rounds of four, each racing twice (one male pilot and one female pilot). The combined points of each team determine which of the top two teams in each semi-final advance to the Super Final for a spot on the podium and maximum points toward the championship.
The Super Final is run twice, allowing both pilots on each team a chance to compete, and one championship bonus point is awarded to the team with the fastest overall lap. The bottom four teams still compete in what E1 calls the “place race ” for the remaining points. Here’s how the point system breaks down, pending the results for each E1 GP event:
E1’s first GP results in Team Brady taking 1st, Rafa 2nd
The E1’s first-ever Super Final saw some teams from some more prominent owners competing. The field consisted of Team Brady, Team Rafa, Team Miami, and Blue Rising, owned by Cricket star Virat Kohli.
After the first Super Final race, Team Rafa had the lead, followed by Team Miami and Team Brady. The second Super Final race saw a lot more back and forth, as some spray blocked Team Rafa pilot Cris Lazarraga’s view, causing her to cut a corner, which resulted in a penalty in which the team had to choose between a 30-second penalty, or an additional “long lap,” (usually only one per race required).
With the top team penalized, Team Brady took the lead and didn’t let it go in race two. Combined with pilot Emma Kimilainen’s third place in race one, Sam Coleman led Tom Brady’s team to first place in the first E1 GP.
Here are the current UIM E1 Championship standings following the Jeddah GP results:
- Team Brady – 20 points
- Team Miami – 17 points
- Team Rafa – 14 points
- Team Blue Rising – 10 points
- Sergio Perez E1 Team – 8 points
- Team Drogba – 5 points
- Aoki Racing Team – 3 points
- Team Brazil – 1 point
The next E1 GP will take place in Venice, Italy, on May 11-12.
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Tesla’s Q2 results are in, and they are way, way down from Q2 of 2024. At the same time, Nissan seems to be in serious trouble and the first-ever all-electric Dodge muscle car is getting recalled because its dumb engine noises are the wrong kind of dumb engine noises. All this and more on today’s deeply troubled episode of Quick Charge!
We’ve also got an awesome article from Micah Toll about a hitherto unexplored genre of electric lawn equipment, a $440 million mining equipment deal, and a list of incompetent, corrupt, and stupid politicians who voted away their constituents’ futures to line their pockets.
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OpenAI is distancing itself from Robinhood‘s latest crypto push after the trading platform began offering tokenized shares of OpenAI and SpaceX to users in Europe.
“These ‘OpenAI tokens’ are not OpenAI equity,” OpenAI wrote on X. “We did not partner with Robinhood, were not involved in this, and do not endorse it.”
The company said that “any transfer of OpenAI equity requires our approval — we did not approve any transfer,” and warned users to “please be careful.”
Robinhood announced the launch Monday from Cannes, France, as part of a broader product showcase focused on tokenized equities, staking, and a new blockchain infrastructure play. The company’s stock surged above $100 to hit a new all-time high following the news.
“These tokens give retail investors indirect exposure to private markets, opening up access, and are enabled by Robinhood’s ownership stake in a special purpose vehicle,” a Robinhood spokesperson said in response to the OpenAI post.
Robinhood offered 5 euros worth of OpenAI and SpaceX tokens to eligible EU users who signed up to trade stock tokens by July 7. The assets are issued under the EU’s looser investor restrictions via Robinhood’s crypto platform.
“This is about expanding access,” said Johann Kerbrat, Robinhood’s SVP and GM of crypto. “The goal with tokenization is to let anyone participate in this economy.”
The episode highlights the dynamic between crypto platforms seeking to democratize access to financial products and the companies whose names and equity are being represented on-chain
U.S. users cannot access these tokens due to regulatory restrictions.
Despite the warnings, BYD continues introducing new discounts. On Wednesday, BYD’s luxury off-road brand began offering over 50% Huawei’s smart driving tech.
BYD introduces new discounts on smart driving tech
After BYD cut prices again in May, the China Automobile Manufacturers Association (CAMA) warned that the ultra-low prices are “triggering a new round of price war panic.”
Although they didn’t single out BYD, it was pretty obvious. BYD slashed prices across 22 of its vehicles by up to 34%, triggering several automakers to follow suit in China.
BYD’s cheapest EV, the Seagull, typically starts at about $10,000 (66,800 yuan). After the price cuts, the Seagull is listed at under $8,000 (55,800 yuan).
It doesn’t look like China’s EV leader plans to slow down anytime soon. Fang Cheng Bao, BYD’s luxury off-road brand, introduced new discounts on Huawei’s smart driving tech on Wednesday.
The limited-time offer cuts the price of Huawei’s Qiankun Intelligent Driving High-end Function Package to just 12,000 yuan ($1,700).
Buyers who order the smart driving tech in July will save over 50% compared to its typical price of 32,000 yuan ($4,500).
Earlier this year, Fang Chang Bao launched the Tai 3, its most affordable vehicle, starting at 139,800 yuan ($19,300). The Tai 3 is about the size of the Tesla Model Y, but costs about half as much.
The Tai 3 will spearhead a new sub-brand of electric SUVs following the more premium Bao 8 and Bao 5 hybrid SUVs.
BYD’s luxury off-road brand sold 18,903 vehicles last month, up 50% from May and 605% compared to last year. Fang Cheng Bao has now sold over 10,000 vehicles for three consecutive months.
The Chinese EV giant sold 382,585 vehicles in total in June, an increase of 12% from last year. In the first half of the year, BYD’s cumulative sales reached over 2.1 million, a YOY increase of 33%.
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