NIO 333 latest team to sign up for Formula E's Gen3 era

The NIO 333 team has signed up for Formula E’s Gen3 era, confirming its participation in the series until the end of the 2025-26 season.

NIO 333 latest team to sign up for Formula E's Gen3 era

The Chinese-flagged outfit is effectively the sixth team to commit to the series' next set of regulations that will come into play from the 2022-23 series, following the likes of Mahindra, DS Automobile, Nissan, Porsche among others.

The announcement leaves Mercedes as the only leading team to formally prolong its stay in FE, with the German manufacturer telling Motorsport.com in a statement earlier this month that it has decided to delay its formal agreement.

Dragon Penske Autosport is also on the cusp of securing its ongoing participation in the championship, while Jaguar is believed to have signed a deal but has chosen not to announce it yet.

NIO 333 has been an ever-present fixture in Formula E through its China Racing and NEXTEV guises and powered Nelson Piquet Jr to the series' inaugural drivers' title back in 2014-15.

Ahead of the 2019-20 season, the outfit was bought by Li Sheng Racing, a Chinese circuit owner and operator of the country's national touring car championship.

It also underwent a management restructure at that time, with ex-Benetton, Renault, Marussia and Williams Formula 1 head Christian Silk promoted to the role of team principal and former Audi FE engineer Roberto Costa moved to team manager.

A first bespoke powertrain under new ownership has helped transform NIO 333's fortunes in 2021, allowing the team to become a regular points scorer again.

The Chinese-flagged outfit strongly hinted that it would remain in Formula E earlier this month when it signed a long-term partnership with Gusto Engineering, an automotive accessory and research and development firm founded by team executive director Alex Hui.

"We have experienced the development of Formula E since its inception and now, as it blossoms into an FIA World Championship, we welcome the evolution in to its third generation," CEO of NIO 333 Formula E team Vincent Wang said. 

"We joined many meetings with the FIA and Formula E regarding the Gen3 technical roadmap when we joined the Formula E family as 333 Racing last year.

"We are delighted to join the list of manufacturers that will continue in the series and we expect to see further change as Formula E develops; metabolism is the objective law of development. 

"Formula E is still the best new-energy racing series featuring sustainable development, worldwide influence and is at the forefront of electric mobility technology innovation - we at NIO 333 Formula E Team are extremely proud to continue to be part of it."

Formula E had set a March 31 deadline for the new rules, but Motorsport.com understands that it has given teams some flexibility in this regard.

Formula E will still accept signatures beyond this date, but entries received after the deadline are expected to receive later access to the FIA's bank of data from Gen3 parts suppliers Spark Racing Technology, Williams Advanced Engineering and Hankook.

"333 Racing Team confirming their intention to compete in the Gen3 era is fantastic news and further evidence of Formula E's unique position as a global sport, technology proving ground and marketing platform," Formula E CEO Jamie Reigle said. 

"The team has made a strategic decision to build their own powertrain and control their competitive destiny. We look forward to working with the NIO 333 Formula E Team to develop the next phase of the ABB FIA Formula E World Championship.

"As a Chinese owned and operated team, 333 Racing will further our ambition of accelerating a shift to electric mobility in China and beyond."

shares
comments

Related video

Todt: Formula E deserves more media attention
Previous article

Todt: Formula E deserves more media attention

Next article

Formula E finalises calendar including London double-header

Formula E finalises calendar including London double-header
Load comments
How Formula E's polarising newcomer Ticktum can prove himself Prime

How Formula E's polarising newcomer Ticktum can prove himself

OPINION: Few figures in racing today divide opinion like Dan Ticktum. The Formula 2 race winner now has the chance to wipe his professional slate clean with his move into Formula E, but it won't be easy at the squad which has brought up the rear for the past three years. Here are the three key criteria he must meet to make a lasting impression on the series.

How Mercedes pulled off a silent coup in Formula E Prime

How Mercedes pulled off a silent coup in Formula E

By virtue of its Formula 1 success, Mercedes was expected to rise to power in Formula E before long. That it won both the drivers' and manufacturers' championships this year, after only two seasons as a full works effort, belies a tricky path littered with potential pitfalls

Formula E
Nov 26, 2021
Why electric racing cars should be four-wheel drive Prime

Why electric racing cars should be four-wheel drive

OPINION: Circuit racing has traditionally favoured front- or rear-wheel-drive setups, eschewing the equal distribution of power. But for Formula E and other electric-powered series, our columnist believes it’s a perfect fit.

Formula E
Oct 13, 2021
How motorsport's most prominent power couple found joint success Prime

How motorsport's most prominent power couple found joint success

The Wolffs have carved their own paths in motorsport, leading their respective teams to success in Formula 1 and Formula E. But the two came together last month as their drivers finished first and second in the FE drivers' championship - a feat they are hugely proud of. In a rare joint interview, they reflect on a remarkable season

Formula E
Sep 21, 2021
The top 10 Formula E drivers of 2020-21 Prime

The top 10 Formula E drivers of 2020-21

OPINION: The 2021 Formula E campaign was one without a narrative for much of the season, with no single car or driver able to break away from the pack. That makes choosing a top 10 especially difficult, particularly as the qualifying format meant some worthy performers were unable to enjoy their day in the sun.

Formula E
Sep 19, 2021
How Mercedes and de Vries achieved Formula E glory the hard way Prime

How Mercedes and de Vries achieved Formula E glory the hard way

When Nyck de Vries dominated the first race of what would be the most controversial and unpredictable Formula E season to date, it looked as though Mercedes was in for a cakewalk. But as the campaign wore on, the path to a title double became increasingly rocky. Neither driver or team would be assured of the crown until the closing stages of the very final race on a weekend of struggle in Berlin.

Formula E
Sep 17, 2021
The Formula E 'loan' deal that will keep di Grassi winning Prime

The Formula E 'loan' deal that will keep di Grassi winning

OPINION: The departure of Audi from Formula E meant its long-time driver Lucas di Grassi would need to find a new berth to stay on the grid. His deal at Venturi Racing will ensure the championship's first-ever race winner will remain competitive into the final year of the current Gen2 ruleset - although it may not be a long-term fit

Formula E
Sep 15, 2021
The problems laid bare by Mercedes' impending Formula E departure Prime

The problems laid bare by Mercedes' impending Formula E departure

Mercedes' planned withdrawal from Formula E at the end of the 2022 season will contribute to the big hole left by fellow automotive manufacturers Audi and BMW on their departures. Although the team may stick around under a different guise, the exit of the now-reigning teams' champion underlines FE's current issues...

Formula E
Aug 18, 2021