Mercedes confirms exit from Formula E – full focus on F1
Mercedes confirmed on Wednesday that it will exit the all-electric Formula E series at the end of Season 8, or in August of 2022.
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The German manufacturer – which sealed the world FE title last weekend in Berlin with Nyck de Vries – will follow out the door its automotive rivals Audi and BMW after a three-year presence in the series.
“We entered Formula E with an open mind about the series and its innovative approach to motorsport,” said Mercedes motorsport boss Toto Wolff.
“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.”
Mercedes stated that it has deliberately chosen to shift resources for its “accelerated ramp-up of electrification” as part of the automobile constructor’s new strategic direction.
Mercedes will therefore 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”.
While the German manufacturer’s exit from Formula E is another blow to the series after the departures of Audi and BMW, the pull-out also directly confirms Mercedes’ commitment to Formula 1 on which it will concentrate its motorsport activities.
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“At Mercedes-Benz, we have committed ourselves to fighting climate change at full force in this decade,” added Markus Schäfer, Mercedes-Benz chief operating officer.
“This demands the accelerated transformation of our company, products and services towards an emission-free and software-driven future, and to achieve this, we must give full focus to our core activities.