Porsche has joined compatriots Audi and Mercedes-Benz in joining the Formula E Championship — the series for all-electric, single-seat, open-wheel racecars — with a factory team, for the start of the 2019/2020 season.
The move is meant to align with Porsche Strategy 2025, under which the company plans to concentrate on its GT cars and move its all-electric car (based on the Mission E concept sedan), to market.
“Entering Formula E and achieving success in this category are the logical outcomes of our Mission E project. The growing freedom for in-house technology developments makes Formula E attractive to us,” said Michael Steiner, Member of the Executive Board of Porsche AG responsible for Research and Development. “Porsche is working with alternative, innovative drive concepts. For us, Formula E is the ultimate competitive environment for driving forward the development of high-performance vehicles in areas such as environmental friendliness, efficiency, and sustainability.”
As with Mercedes-Benz, which announced it would abandon the Deutsche Tourenwagen Masters (the German touring car series) when it entered Formula E, Porsche has announced it will pull its Le Mans Prototypes out of the FIA World Endurance Championship at the end of the present season. It will, however, continue to support of international GT racing with the 911 RSR, and will enter select races in endurance racing — 24 Hours of Le Mans, Rolex 24 At Daytona, etc.
“Building up the Le Mans team from scratch was a huge challenge. Over the years, we have developed an incredibly successful and professional team,” said Fritz Enzinger, Vice President in charge of LMP1. “This will be our basis going forward. I am certain that we will maintain our high level in Formula E. Confidence is high, and we are excited to get started.”