Mercedes-EQ announces its withdrawal from Formula E
Mercedes-Benz has today announced that it will conclude its involvement in the Mercedes-EQ Formula E Team at the end of Season 8, bringing its tenure in the fully-electric single-seater series to an end after just three seasons.
Mercedes entered the FIA Formula E series in Season 6, albeit it already worked with the HWA Racelab outfit in Season 5 which laid the foundations for Mercedes' Formula E entry for the following year.
A first Mercedes win for Stoffel Vandoorne in the final round of Season 6 was followed by a strong start to Season 7, setting up the team's championship challenge in only its second season. This culminated last weekend in Berlin when Nyck de Vries and the Mercedes-EQ Formula E Team became the first ever all-electric motorsport world champions, by winning the ABB FIA Formula E World Championship Drivers' and Teams' titles.
In parallel, Mercedes-Benz made the strategic announcement in late July that the brand will be ready to go all-electric at the end of the decade, where market conditions allow.
As part of the new strategic direction, the brand has deliberately chosen to shift resources for this accelerated ramp-up of electrification, including the development of three electric-only architectures to be launched in 2025. Therefore, Mercedes will reallocate resource away from its ABB FIA Formula E World Championship programme and towards applying the lessons learned in competition to product development in series.
Ian James, Team Principal, Mercedes-EQ Formula E Team commented: “We have been extremely fortunate to enjoy the support of Mercedes-Benz in building a class-leading Formula E operation over the past few seasons.
“I would like to thank the company for its trust and support in our journey so far - and all the way through to what we hope will be a successful conclusion to Season 8 with a strong championship challenge. Although Mercedes-Benz has decided to leave, we recognise the value and power of Formula E; therefore, we will be exploring the best options for the team to continue competing beyond Season 8.
Toto Wolff, Head of Mercedes-Benz Motorsport & CEO, Mercedes-EQ Formula E Team: “We entered Formula E with an open mind about the series and its innovative approach to motorsport. A lot of hard work went into building the team and making it competitive - and we have seen an incredible group of talented women and men deliver at the highest level.
“We can be proud of our achievements and especially the double world championship won last weekend in Berlin, which will stand as an historic milestone in the long motorsport history of Mercedes-Benz. We will be giving everything to make sure that we finish our Formula E adventure in style in Season 8.”
