The NIO 333 team has entered the Gen3 era of Formula E, confirming its participation in the series until the end of the 2025-26 season.
“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.
Wang also addresses that from the squad they expect to see more changes as Formula E develops, a championship that he classified as the best new energy racing series with sustainable development.
The Chinese-owned team is the sixth team to continue in the competition with the regulations that will come into play from the 2022-23 campaign, after Mahindra, DS Automobiles, Nissan, Porsche and Jaguar.
The announcement leaves Mercedes and Dragon Penske Autosport as the only powertrain manufacturer teams not yet formally extending their stay in Formula E.
NIO 333 has always been present in Formula E through China Racing and NEXTEV and guided Nelson Piquet Jr to the inaugural drivers’ title of the series in 2014-15.
Prior to the 2019-20 season, the team was bought by Li Sheng Racing, owner of a Chinese circuit and operator of the country’s national touring car championship.
With the arrival of Li Sheng, NIO 333 also underwent a management restructuring at the time, with former Benetton, Renault, Marussia and Williams Formula 1 boss Christian Silk promoted to the position of team principal.
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A first powertrain helped transform NIO 333 in 2021 to a team capable of scoring points in the constructors’ table.
“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.
Reigle highlighted the participation of NIO 333 as the Chinese-owned team will promote the ambition to accelerate a shift towards electric mobility in the Asian country and beyond.
Written by | Gabriel Sayago