The McMurtry Speirling, a tiny 1,000hp electric racecar known for smashing records, has now broken two new records in the same day, smashing a 20-year record at Top Gear’s test track and becoming the first(*) car to drive upside down.
The McMurtry Speirling is an interesting concept. Rather than working like the vast majority of other cars do, which simply send power to the wheels to drive the car forward, the Speirling sends some of its power to giant fans that suck air out from under the car, creating a vacuum effect.
At first glance this seems like a strange idea – why would you want to devote effort to pushing your car down, rather than forward?
What this does is increase the car’s apparent weight without increasing its mass. This means that the tires push down to the ground, sticking better, and giving you more contact patch to turn, accelerate or brake the vehicle. But since the car’s actual mass hasn’t increased, it isn’t any harder to accelerate in any direction – so you can just go faster.
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Most cars approach this concept by adding wings and other aerodynamic elements to the car to increase “aerodynamic grip,” channeling air upwards as the car increases in speed.
Some cars approach this more aggressively than others – Formula One vehicles, for example, have obscenely large aerodynamic elements all around the vehicles, giving them incredible grip at high speed. Engineers have long bragged that F1 cars could drive upside down, at top speed, where they produce more than 1G worth of downforce… the only problem would be getting there, because they produce less downforce at lower speeds due to their use of traditional aerodynamic elements.
But these traditional aerodynamic features vary in their “aerodynamic efficiency,” because if you’re pushing air upwards, that means you’re applying force to something other than making the car go forward, which adds drag and slows you down (overall, you still go faster – but not as much faster as you could without drag).
There’s only so much aerodynamically efficient work you can do with traditional aerodynamic elements, generally via lowering ride heights and adding diffusers or other underbody elements that help to keep air moving smoothly under the vehicle, thus lowering air pressure and turbulence underneath.
So, the goal is to try to find as much downforce as you can in the most aerodynamically efficient way, and to have as much of that downforce working at lower speeds as you can. And there’s one idea that can do this, which has gotten a little bit of play in the past, and that the McMurtry Speirling uses to great effect today: a “fan car.”
The fan car concept has existed in motorsport since the 1970s, first appearing with the Chaparral 2J, a boxy monstrosity which competed in 1970 but was outlawed from competition due to its obscene aerodynamic advantages. Later, Brabham brought a fan car to F1 in 1978 and won its first race by a huge margin, but the concept was also immediately banned from competition there.
By sucking air out from under the vehicle, it creates a low-pressure area underneath the car, which is then pushed downwards by higher-pressure air from above. To make this effect work, the Speirling has incredibly low ride height and side skirts around the vehicle, letting little air in to spoil the vacuum pressure it’s creating underneath the car.
The net effect is that McMurtry says the Speirling can create 2,000kg of downforce on a 1,000kg car – adding double the car’s apparent weight without a change in mass. So not only can it stick to the ground better, it could even theoretically do it upside down ( or maybe not so theoretically – more on that in a minute).
McMurtry added another track to its list today, setting a 0:55.9 second lap around Top Gear’s test track, a repurposed airport runway which has been used by the show to compare the laptimes of many vehicles over the year. The previous 59-second record was owned by Renault’s F1 car from 2004, the only car to ever drive a sub-minute lap around the track, and the Speirling’s time is 13 seconds quicker than the fastest road-legal car to take the track, the Aston Martin Valkyrie.
This also beats the fastest electric car around the track, the Ford SuperVan, a heavily modified Ford eTransit which we’ve covered winning performances of before. The SuperVan did the track in 1:05.3, so the Speirling is almost a full ten seconds faster. (We’d love to see what Top Gear could do with a Lotus Evija, though)
But that’s not the only record the Speirling set today. For some reason, the company decided to announce two records on the same day, with the latter being one that makes the dream of “a car that can drive upside down” a reality for the first time ever.
There’s a bit of an asterisk on that, because a similar stunt has been done before when Hot Wheels created a real-life loop-de-loop and two rally drivers drove their cars around it, thus driving upside down for a moment. But those cars didn’t actually sustain upside-down driving for any period of time, merely used momentum to get there (not to say it isn’t an awesome stunt).
The Speirling, instead, managed to rotate upside down and stay there for a full ten seconds, during which it accelerated and then stopped, showing that control of the vehicle is possible even while upside down. In contrast, the rally cars in the Hot Wheels stunt would have had zero control over the vehicle at the zenith of the loop since there are no upward forces acting on the car at that moment.
The stunt is unfortunately less impressive than we’d like to see – imagine how cool it would be to see the car driving at high speed while upside down – but given it was a world-first attempt, that building an actual upside down road and a method to get the car onto it would be quite difficult and expensive, and that there’s an actual driver inside whose safety needs to be taken into account, we understand the need for caution here.
Nevertheless, it’s bonkers to see a car, that thing that you see every day planted firmly onto the ground where it belongs, doing exactly 180º opposite of what it’s always been doing every other time you’ve seen it.
So now, that old idea about whether a high-downforce car can drive upside down is no longer theory, it’s reality. It may not have gone far or fast, but it did go, completely under its own power, completely upside down.
McMurtry says that it would like to go further from here – the company called this a “proof of concept” and “perhaps just the beginning of what’s possible.” “With a longer inverted track or a suitable tunnel, we may be able to drive even further,” said co-founder Thomas Yates today.
So… stay tuned for more?
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Watch the world’s quickest electric car drive upside-down in a world first
Watch the world’s quickest EV beat an F1 car and then drive upside-down
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Robinhood stock hit an all-time high Friday as the financial services platform continued to rip higher this year, along with bitcoin and other crypto stocks.
Robinhood, up more than 160% in 2025, hit an intraday high above $101 before pulling back and closing slightly lower.
The reversal came after a Bloomberg report that JPMorgan plans to start charging fintechs for access to customer bank data, a move that could raise costs across the industry.
For fintech firms that rely on thin margins to offer free or low-cost services to customers, even slight disruptions to their cost structure can have major ripple effects. PayPal and Affirm both ended the day nearly 6% lower following the report.
Despite its stellar year, the online broker is facing several headwinds, with a regulatory probe in Florida, pushback over new staking fees and growing friction with one of the world’s most high-profile artificial intelligence companies.
Florida Attorney General James Uthmeier opened a formal investigation into Robinhood Crypto on Thursday, alleging the platform misled users by claiming to offer the lowest-cost crypto trading.
“Robinhood has long claimed to be the best bargain, but we believe those representations were deceptive,” Uthmeier said in a statement.
The probe centers on Robinhood’s use of payment for order flow — a common practice where market makers pay to execute trades — which the AG said can result in worse pricing for customers.
Robinhood Crypto General Counsel Lucas Moskowitz told CNBC its disclosures are “best-in-class” and that it delivers the lowest average cost.
“We disclose pricing information to customers during the lifecycle of a trade that clearly outlines the spread or the fees associated with the transaction, and the revenue Robinhood receives,” added Moskowitz.
Robinhood is also facing opposition to a new 25% cut of staking rewards for U.S. users, set to begin October 1. In Europe, the platform will take a smaller 15% cut.
Staking allows crypto holders to earn yield by locking up their tokens to help secure blockchain networks like ethereum, but platforms often take a percentage of those rewards as commission.
Robinhood’s 25% cut puts it in line with Coinbase, which charges between 25.25% and 35% depending on the token. The cut is notably higher than Gemini’s flat 15% fee.
It marks a shift for the company, which had previously steered clear of staking amid regulatory uncertainty.
Under President Joe Biden‘s administration, the Securities and Exchange Commission cracked down on U.S. platforms offering staking services, arguing they constituted unregistered securities.
With President Donald Trump in the White House, the agency has reversed course on several crypto enforcement actions, dropping cases against major players like Coinbase and Binance and signaling a more permissive stance.
Even as enforcement actions ease, Robinhood is under fresh scrutiny for its tokenized stock push, which is a growing part of its international strategy.
The company now offers blockchain-based assets in Europe that give users synthetic exposure to private firms like OpenAI and SpaceX through special purpose vehicles, or SPVs.
An SPV is a separate entity that acquires shares in a company. Users then buy tokens of the SPV and don’t have shareholder privileges or voting rights directly in the company.
OpenAI has publicly objected, warning the tokens do not represent real equity and were issued without its approval. In an interview with CNBC International, CEO Vlad Tenev acknowledged the tokens aren’t technically equity shares, but said that misses the broader point.
“What’s important is that retail customers have an opportunity to get exposure to this asset,” he said, pointing to the disruptive nature of AI and the historically limited access to pre-IPO companies.
“It is true that these are not technically equity,” Tenev added, noting that institutional investors often gain similar exposure through structured financial instruments.
The Bank of Lithuania — Robinhood’s lead regulator in the EU — told CNBC on Monday that it is “awaiting clarifications” following OpenAI’s statement.
“Only after receiving and evaluating this information will we be able to assess the legality and compliance of these specific instruments,” a spokesperson said, adding that information for investors must be “clear, fair, and non-misleading.”
Tenev responded that Robinhood is “happy to continue to answer questions from our regulators,” and said the company built its tokenized stock program to withstand scrutiny.
“Since this is a new thing, regulators are going to want to look at it,” he said. “And we expect to be scrutinized as a large, innovative player in this space.”
SEC Chair Paul Atkins recently called the model “an innovation” on CNBC’s Squawk Box, offering some validation as Robinhood leans further into its synthetic equity strategy — even as legal clarity remains in flux across jurisdictions.
Despite the regulatory noise, many investors remain focused on Robinhood’s upside, and particularly the political tailwinds.
The company is positioning itself as a key beneficiary of Trump’s newly signed megabill, which includes $1,000 government-seeded investment accounts for newborns. Robinhood said it’s already prototyping an app for the ‘Trump Accounts‘ initiative.
Korean auto giants Hyundai and Kia think lower-priced EVs will help minimize the blow from the new US auto tariffs. Hyundai is set to unveil a new entry-level electric car soon, which will be sold alongside the Kia EV2. Will it be the IONIQ 2?
Hyundai and Kia shift to lower-priced EVs
Hyundai and Kia already offer some of the most affordable and efficient electric vehicles on the market, with models like the IONIQ 5 and EV6.
In Europe, Korea, Japan, and other overseas markets, Hyundai sells the Inster EV (sold as the Casper Electric in Korea), an electric city car. The Inster EV starts at about $27,000 (€23,900), but Hyundai will soon offer another lower-priced EV, similar to the upcoming Kia EV2.
The Inster EV is seeing strong initial demand in Europe and Japan. According to a local report (via Newsis), demand for the Casper Electric is so high that buyers are waiting over a year for delivery.
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Hyundai is doubling down with plans to introduce an even more affordable EV, rumored to be the IONIQ 2. Xavier Martinet, CEO of Hyundai Motor Europe, said during a recent interview that “The new electric vehicle will be unveiled in the next few months.”
Hyundai Casper Electric/ Inster EV models (Source: Hyundai)
The new EV is expected to be a compact SUV, which will likely resemble the upcoming Kia EV2. Kia will launch the EV2 in Europe and other global regions in 2026.
Hyundai is keeping most details under wraps, but the expected IONIQ 2 is likely to sit below the Kona Electric as a smaller city EV.
Kia Concept EV2 (Source: Kia)
More affordable electric cars are on the way
Although nothing is confirmed, it’s expected to be priced at around €30,000 ($35,000), or slightly less than the Kia EV3.
The Kia EV3 starts at €35,990 in Europe and £33,005 in the UK, or about $42,000. Through the first half of the year, Kia’s compact electric SUV is the UK’s most popular EV.
Kia EV3 (Source: Kia)
Like the Hyundai IONIQ models and Kia’s other electric vehicles, the EV3 is based on the E-GMP platform. It’s available with two battery packs: 58.3 kWh or 81.48 kWh, providing a WLTP range of up to 430 km (270 miles) and 599 km (375 miles), respectively.
Hyundai is expected to reveal the new EV at the IAA Mobility show in Munich in September. Meanwhile, Kia is working on a smaller electric car to sit below the EV2 that could start at under €25,000 ($30,000).
Kia unveils EV4 sedan and hatchback, PV5 electric van, and EV2 Concept at 2025 Kia EV Day (Source: Kia)
According to the report, Hyundai and Kia are doubling down on lower-priced EVs to balance potential losses from the new US auto tariffs.
Despite opening its new EV manufacturing plant in Georgia to boost local production, Hyundai is still expected to expand sales in other regions. An industry insider explained, “Considering the risk of US tariffs, Hyundai’s move to target the European market with small electric vehicles is a natural strategy.”
2025 Hyundai IONIQ 5 (Source: Hyundai)
Although Hyundai is expanding in other markets, it remains a leading EV brand in the US. The IONIQ 5 remains a top-selling EV with over 19,000 units sold through June.
After delivering the first IONIQ 9 models in May, Hyundai reported that over 1,000 models had been sold through the end of June, its three-row electric SUV.
While the $7,500 EV tax credit is still here, Hyundai is offering generous savings with leases for the 2025 IONIQ 5 starting as low as $179 per month. The three-row IONIQ 9 starts at just $419 per month. And Hyundai is even throwing in a free ChargePoint Home Flex Level 2 charger if you buy or lease either model.
Unfortunately, we likely won’t see the entry-level EV2 or IONIQ 2 in the US. However, Kia is set to launch its first electric sedan, the EV4, in early 2026.
Ready to take advantage of the savings while they are still here? You can use our links below to find deals on Hyundai and Kia EV models in your area.
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As EVBox shuts down its Everon business across Europe and North America, EV charging provider Blink Charging is stepping up to offer support to customers caught in the transition.
EVBox’s software arm Everon recently announced it’s winding down operations alongside EVBox’s AC charger business. That’s left a lot of charging station hosts and drivers wondering what comes next. Now, EVBox Everon is pointing its customers toward Blink as a recommended alternative.
Blink says it’s ready to help, whether that means keeping existing chargers up and running or replacing aging gear with new Blink chargers.
“EVBox has played a significant role in the growth of EV charging infrastructure across the UK and Mainland Europe, and we recognize the trust hosts have placed in its solutions,” said Alex Calnan, Blink Charging’s managing director of Europe. “With the recent announcement of Everon’s withdrawal from the EV charging market, it’s natural to have questions about what this means for operations. At Blink, we want to assure Everon customers that we are here to help them navigate this transition.”
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Blink says it’s able to offer advice, replacements, and ongoing network management to make the changeover as smooth as possible.
Everon users who switch to Blink will get access to the Blink Network portal via the Blink Charging app. That opens up real-time insight into charger usage and lets hosts set pricing, manage users, and download performance reports.
“At Blink, our charging technology is future-ready,” added Calnan. “With advancements like vehicle-to-grid technology on the horizon, our chargers are built to support the future of electric vehicles and charging habits.”
The company says its chargers are in stock and ready to ship now for any Everon customers looking to make the jump.
In October 2024, France’s Engie announced it would liquidate the entire EVBox group, which it said posted total losses of €800 million since Engie took over in 2017. EVBox is closing its operations in the Netherlands, Germany, and the US.
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