PORSCHE SET TO COMPETE IN FORMULA E FROM 2019/20 SEASON

German manufacturer confirms its intention to enter Formula E in season six

STUTTGART, GERMANY (July 28, 2017) - Porsche has today revealed plans for a factory-backed works team to compete in the all-electric FIA Formula E Championship starting in season six. As part of a new strategy and realignment of Porsche’s existing motorsport programme, the German manufacturer has committed to join Formula E from the 2019/20 season.

Alejandro Agag, Founder & CEO of Formula E, said: “I’m delighted to welcome Porsche to the FIA Formula E Championship. If somebody told me when we started this project five years ago, that we’d be announcing a partnership with a brand like Porsche, I wouldn’t have believed it. To have a name like Porsche in Formula E, with all it represents in terms of racing and heritage - and in terms of sport cars - is an inflexion point in our quest to change the public perception about electric cars. The electric revolution continues, and Formula E remains the championship for that revolution.”

FIA President Jean Todt, added: “Porsche is a brand which has a fantastic history in motorsport, and its intention to join the FIA Formula E Championship alongside so many of the world’s biggest car manufacturers is very positive. It’s clear that the hard work done to create a relevant laboratory for developing electric vehicle technologies has been successful, and I look forward to seeing Formula E continue to be a place of great sporting competition as well as innovation. I’m very happy that Porsche is coming to Formula E, but I regret their decision to leave the World Endurance Championship.”

“Entering Formula E and achieving success in this category are the logical outcomes of our Mission E road car programme. The growing freedom for in-house technology developments makes Formula E attractive to us,” added Michael Steiner, Member of the Executive Board for Research and Development at Porsche AG. “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.”

Porsche joins an impressive list of manufacturers already involved in the series - including prestigious names like Mercedes-Benz, who also recently announced its intentions to enter the championship in the same season. With the introduction of both Porsche and Mercedes, season six would see the number of teams increase to 12.

From season five, Formula E will no longer require two cars per driver and the potential of a mid-race car change. Each team will compete with two cars from the 2018/19 season onwards, instead of the current four, as a clear testament of the advancement in battery technology. New-look futuristic cars will also debut in season five and will incorporate new electric technology to allow for a single car to complete a full race distance.

To follow the latest news and information, visit - www.fiaformulae.com

About the FIA Formula E Championship:

The FIA Formula E Championship is the world’s first fully-electric single-seater racing series, competing on the streets against the backdrop of some of the most iconic cities - including Hong Kong, Marrakesh, Buenos Aires, Monaco, Paris, New York and Montreal. The championship represents a vision for the future of the motor industry, serving as a platform to showcase the latest innovations in electric vehicle technology and alternative energy solutions. Future seasons will see the regulations open up further allowing manufacturers to focus on the development of motor and battery components, which in turn will filter down to everyday contemporary electric road vehicles.

The 2016/17 FIA Formula E Championship sees 10 teams and 20 drivers go wheel-to-wheel in nine cities spanning five continents in the fight to be crowned Formula E champion. The inaugural season of Formula E sparked into life in September 2014 around the grounds of the Olympic Park in Beijing. The third season of the electric street racing series started on October 9 in Hong Kong, with the season finale double-header taking place in Montreal on July 29 & 30.

About FIA & Michelin - Today’s partners for tomorrow’s mobility:

As well as being the official Formula E tyre supplier, Michelin is an official partner, at the international level, of the FIA Action for Road Safety campaign. The programme is designed to support the Decade of Action for Road Safety initiated by the UN, the aim of which is to save five million lives over the next 10 years. This programme is set-up to educate and advocate for safer roads, vehicles and behaviours around the globe.