New branding: Formula E team Nio 333 Racing becomes ERT Formula E Team
With the start of the tenth Formula E season, the name Nio will finally disappear from the list of participants: 333 Racing is ending its cooperation with the Chinese car manufacturer and will compete under the name ERT Formula E in future. The team announced this in a press release on Friday.
The renaming comes with further investment in the team, with the abbreviation ERT standing for Electric Racing Technologies. The team's headquarters will remain at Silverstone in the UK. Drivers signed for the upcoming season are again Sergio Sette Camara and Dan Ticktum.
"We are proud to unveil our new identity as the ERT Formula E Team, it is an exciting step in our journey," explained team principal Alex Hui. "As the only manufacturer Formula E team that is not currently tied to an OEM, our powertrain and software development has been done independently, putting us in a unique position."
"Utilising what we have learnt on track, we have already identified that we have a lot to offer in terms of improving electric vehicle performance, not just in relation to powertrains but whole vehicle engineering support and solutions, something which is already proving of interest within the automotive and motorsport industries," Hui continued. "It is a natural progression for us to move forward commercialising this knowledge with the increasing global adoption of EVs, particularly as Formula E provides such a strong platform for OEMs and as such our conversations with partners in this arena are already advanced."
The team has been competing in the electric series since the first Formula E season, when it was called Team China Racing. Driver Nelson Piquet jr. was the first Formula E champion. Several changes of name followed, and the racing team was called NextEV TCR, NextEV Nio, Nio and, since 2019, Nio 333.