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
Listen to this article

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
How Jaguar got its teeth into Formula E's Gen3 development race Prime

How Jaguar got its teeth into Formula E's Gen3 development race

With Mercedes gone and DS moving teams, Jaguar has a big opportunity at the start of Formula E's Gen3 era. The technical challenges in understanding the new car have been vast, with senior figures James Barclay and Phil Charles outlining to Motorsport.com the pitfalls along the way

Formula E
Dec 1, 2022
The trait Vandoorne rediscovered to claim Formula E's era-ending title Prime

The trait Vandoorne rediscovered to claim Formula E's era-ending title

After Nyck de Vries was crowned Formula E champion in 2021, his Mercedes teammate Stoffel Vandoorne stepped forward this season as the Gen2 era and his team bowed out. As he did on the way to the GP2 crown in 2015, the Belgian achieved a peerless level of consistency and was only outside the points once, with his sole win in Monaco sufficient to head off a chasing pack headed by Mitch Evans

Formula E
Sep 19, 2022
Why Bird can bounce back after a tough 2021-22 Formula E season Prime

Why Bird can bounce back after a tough 2021-22 Formula E season

With his winning streak coming to an end this season, the 2021-22 Formula E season was tumultuous for Sam Bird, failing to gather momentum as Jaguar generally struggled. But the long-term favourite looks forward to bouncing back next season as the championship enters its new era

Formula E
Aug 30, 2022
What Formula E needs next after saying goodbye to Gen2 Prime

What Formula E needs next after saying goodbye to Gen2

The 2021-2022 Formula E season finale brought the curtain down on the Gen2 era of the all-electric world championship. It elevated FE to new heights, fulfilling its intended directive. While it is a good launching pad for the impending Gen3 cycle, there are certain aspects the series must tackle for the new era to have the same impact as its predecessor

Formula E
Aug 16, 2022
The traits behind Vandoorne's triumphant Formula E title charge Prime

The traits behind Vandoorne's triumphant Formula E title charge

The odds were heavily stacked in Stoffel Vandoorne’s favour to capture the Formula E crown at the Seoul finale, but chief rival Mitch Evans applied maximum pressure with victory in the first race. It meant Vandoorne had to show his resolve to reproduce the key qualities he held all season to complete his march to the title

Formula E
Aug 15, 2022
Can anyone beat Stoffel Vandoorne to the Formula E title? Prime

Can anyone beat Stoffel Vandoorne to the Formula E title?

Stoffel Vandoorne is on the brink of the Formula E title with a commanding lead ahead of the Seoul finale, but both rivals and unknowns still stand in his way. Here’s a run through of what Vandoorne must overcome to clinch the championship and how his competition will look to pull off the biggest of shocks.

Formula E
Aug 10, 2022
How Formula E's most underrated driver is taming his Dragon Prime

How Formula E's most underrated driver is taming his Dragon

It might not look like the most glittering of Formula E campaigns, but Dragon Penske’s youngster has caught the eye of those who count despite his future remaining unclear. Regardless of the distortion, Sergio Sette Camara has a clear vision of what he’s focused on and how to get there.

Formula E
Aug 4, 2022
How Formula E's title contenders were upstaged in London Prime

How Formula E's title contenders were upstaged in London

The penultimate stop on Formula E's world tour took in London's ExCeL, where the championship contenders were upstaged by two first-time winners in 2022. Andretti’s Jake Dennis kept the home fires burning in the first race as Venturi’s Lucas di Grassi claimed the second, but two consistent finishes mean its advantage Stoffel Vandoorne heading to the Seoul finale.

Formula E
Aug 1, 2022