NEXTEV set to acquire whole Formula E team

The NEXTEV technology company is set to become the dominant owner of the Formula E team it is involved in, Motorsport.com has learned.

NEXTEV set to acquire whole Formula E team
Oliver Turvey, NEXTEV TCR Formula E Team
Oliver Turvey, NEXTEV TCR Formula E Team
Nelson Piquet Jr., NEXTEV TCR Formula E Team
Nelson Piquet Jr., NEXTEV TCR Formula E Team
Nelson Piquet Jr., NEXTEV TCR Formula E Team
Nelson Piquet Jr., NEXTEV TCR Formula E Team
Nelson Piquet Jr., NEXTEV TCR Formula E Team

NEXTEV, a relatively new start-up company which is headed by former Ford CEO Martin Leach, first bought into the original Team China Racing (TCR) team midway through the first season of the championship.

Since then, the team has been re-branded and renamed to NEXTEV TCR - but TCR, through owners Steven Lu and Yu Liu, have maintained an interest in the entity and are running the team in conjunction with Campos Racing.

"Team China Racing, as of today, are still in charge of the team, but we [NEXTEV] are going to take a more dominant role in the future, but that is not completely finalised yet," Leach told Motorsport.com.

"It is agreed, but just not finalised at the moment."

Team determined to keep Piquet

NEXTEV claimed the season-one title after a dramatic finale at Battersea Park which saw Nelson Piquet Jr. become the inaugural champion after a stellar second half of the season netted wins at Long Beach and Moscow.

However, Piquet was courted by several teams in the off-season, and Leach is aware that with a less competitive season two package, the Brazilian will be a highly prized asset for NEXTEV's competitors.

"We have a contract [with Piquet]," said Leach. "At the moment I really like our driver pairing. Nelson and Oliver [Turvey] are fabulous assets for the team and we want to keep them."

Season-three powertrain completed

NEXTEV has completed its season-three powertrain and is about to start working on the season four technical concepts in its attempt to return to the sharp-end of the Formula E grid.

The NEXTEV team uses the Rational Motion company, which is based out of Toyota Motorsport's premises in Cologne and is run by former Toyota technicians Robert Marusic and Benoit Vareille.

As one of NEXTEV TCR's technical partners, it has been hard at work with new concepts for the third season of the all-electric championship.

"The first thing we had to do was to identify what we expected and what we were targeting in terms of performance gains," Leach told Motorsport.com.

"We looked at what was happening in season one and we looked at the various data points we could then master for season two, and we took a view on what the cumulative performance uplift needed to be in order to be a frontrunner in season three.

"We have now taken those parameters and cascaded them down in to various systems targets for the season three powertrain," continued Leach.

"So we are looking for a sizable performance gain in season three."

shares
comments
DS Virgin Racing determined for success in Buenos Aires ePrix

Previous article

DS Virgin Racing determined for success in Buenos Aires ePrix

Next article

ABT competes in the heart of Buenos Aires

ABT competes in the heart of Buenos Aires
Load comments
How Puebla gave Formula E's new points leader breathing space Prime

How Puebla gave Formula E's new points leader breathing space

With the usual Autodromo Hermanos Rodriguez venue unavailable to Formula E, it visited the little Puebla circuit to keep its foot in the door in Mexico. A near-winner two years ago, Pascal Wehrlein looked in swaggering form throughout the weekend - but a breathless final encounter helped put Edoardo Mortara in the driving seat.

The half-term report cards of each Formula E team in 2020-21 Prime

The half-term report cards of each Formula E team in 2020-21

In an eventful Formula E season, punctuated by rain and energy-conservation controversy, the 12 teams contesting the championship have endured many challenges in the opening seven races. Here's how they've got on across the first half of the season.

Formula E
May 26, 2021
How Formula E stood up to F1 comparisons in Monaco Prime

How Formula E stood up to F1 comparisons in Monaco

OPINION: It was no surprise to anybody that the laptimes achieved by Formula E cars on the full Monaco circuit were much slower than Formula 1. But perhaps the more relevant comparison was in the racing spectacle, where FE delivered in spades.

Formula E
May 12, 2021
How Monaco dealt Formula E a winning hand to cure its hangover Prime

How Monaco dealt Formula E a winning hand to cure its hangover

Formula E faced much criticism in the wake of its maligned Valencia event. In need of a turnaround, the series' first use of Monaco's iconic Formula 1 layout provided it with the injection of thrills required to clear the fog that had enveloped the paddock.

Formula E
May 11, 2021
Why Formula E's Valencia fiasco undermines engineering talent Prime

Why Formula E's Valencia fiasco undermines engineering talent

FIA president Jean Todt wanted more Formula E coverage in the media, and got his wish when the opening Valencia E-Prix proved farcical. Despite attempts to spin the race as teams failing to get their sums right, Formula E and its governing body cannot escape blame - especially when trying to get teams to commit long-term.

Formula E
Apr 27, 2021
How Valencia E-Prix farce gave Formula E an image problem Prime

How Valencia E-Prix farce gave Formula E an image problem

Formula E was under the microscope at Valencia, on its first visit to a permanent circuit. But after a mere nine drivers were left classified following Saturday's Valencia E-Prix, the electric championship once more faced criticism after rising energy deductions and miscalculations produced a farcical affair.

Formula E
Apr 25, 2021
How Vergne and Vandoorne found redemption in Rome Prime

How Vergne and Vandoorne found redemption in Rome

Another Formula E double-header, another double dose of frantic action. While the form guide remains unpredictable following fightback wins for Jean-Eric Vergne and Stoffel Vandoorne in Rome, the speed and consistency of Mercedes – both on and off the track – could have its rivals worried for what is to follow

Formula E
Apr 12, 2021
What Nissan's commitment to Gen3 reveals about Formula E's future Prime

What Nissan's commitment to Gen3 reveals about Formula E's future

Formula E's Gen3 era grid continues to take shape, after Nissan opted to commit to the series for another four years. Nissan's global chief operating officer explains why it has thrown its lot in with FE while other high-profile marques have decided to call it quits.

Formula E
Mar 24, 2021