Formula E Partners with voestalpine for European Races
Leading technology and capital goods group joins ABB FIA Formula E Championship for voestalpine European races in season five
VIENNA, AUSTRIA (May 8, 2018) – Formula E has today announced a new partnership with voestalpine – global leading technology and capital goods group – for select events next season in the ABB FIA Formula E Championship, titled the voestalpine European races.
Starting from season five, voestalpine will put its name to the European leg of the ABB FIA Formula E Championship – where the fully-electric next generation of Formula E cars make their way across the continent competing in iconic city-centre locations.
As a platform to test and develop road-relevant technologies and speed-up the mass adoption of electric vehicles on a global scale, Formula E will work closely with voestalpine to make further advancements in the field of e-mobility and assist with technology transfer.
Alejandro Agag, Founder & CEO of Formula E, said: “Formula E is the most relevant platform to trial and test the latest technological innovations in the automotive sector and partnering with leading companies such as voestalpine allows the series to further develop in the field of e-mobility. Both brands have a shared strategic focus tailored towards dynamism, speed, and creativity. I look forward to working closely with voestalpine for the European races in the ABB FIA Formula E Championship from next season and continuing to set future mobility trends.”
Wolfgang Eder, CEO of voestalpine AG, said: “Accounting for around a third of our Group revenue, for years the automotive industry has been a key driver of innovation and growth at voestalpine. With our comprehensive automotive expertise, we see huge potential to grow faster than in the traditional segments, especially in the electromobility sector. Both Formula E and voestalpine are international pioneers when it comes to literally putting tomorrow’s technologies on today’s roads, and making them ready for series production. The aim of our partnership with Formula E is to jointly develop electromobility further, as well as to encourage technology transfer between automotive suppliers, manufacturers, and customers.”
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About the ABB FIA Formula E Championship:
The ABB FIA Formula E Championship is the electric street racing series and the world’s first fully-electric international single-seater category in motorsport. Formula E brings electrifying wheel-to-wheel action to some of the world’s leading cities, racing against the backdrop of iconic skylines such as New York, Hong Kong, Paris, and Rome.
The inaugural season of Formula E sparked into life in September 2014 around the grounds of the Olympic Park in Beijing. The fourth edition of the ABB FIA Formula E Championship will see 10 teams and 20 drivers compete in 10 cities spanning five continents in the fight to be crowned champion. Hong Kong hosted the season-opener over the course of two days on December 2 & 3, with the championship coming to a close in New York in July.
Formula E is more than just a race to be the best – it’s a competitive platform to test and develop road relevant technologies, helping refine the design and functionality of electric vehicle components and speeding-up the transition and uptake of clean transportation on a global scale.
For this season, more manufacturers have joined the electric revolution with reigning champion Lucas di Grassi looking to defend his title for the Audi Sport ABT Schaeffler team. More big-name manufacturers have also committed to race in Formula E – including BMW and Nissan in tandem with the new-look car and battery in season five, along with Mercedes-Benz and Porsche who also plan to join the following year.
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About ABB:
ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalisation with two clear value propositions – bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner of Formula E, the fully-electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 135,000 employees. www.abb.com
About the voestalpine Group:
In its business segments, voestalpine is a globally leading technology and capital goods group with a unique combination of materials and processing expertise. This global Group comprises about 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its top-quality products and system solutions using steel and other metals, the voestalpine Group is one of the leading partners of the automotive and consumer goods industries in Europe, as well as the aerospace and oil & natural gas industries worldwide. voestalpine is also the world market leader in turnout technology, special rails, tool steel, and special sections. In the business year 2016/17, the Group generated revenue of EUR 11.3 billion, with an operating result (EBITDA) of EUR 1.54 billion; it had about 50,000 employees worldwide.
Sources: Formula E PR