Nio 333 Racing

The Formula E team Nio 333 Racing operated up to and including Season 5 as the factory team of the Chinese electric car start-up Nio. The Shanghai-based company, founded in 2014, set itself the goal of challenging Tesla, but ran into payment difficulties in 2019 and subsequently sold its Formula E team to Shanghai Lisheng Racing, a "big player" in Chinese motorsport. Nevertheless, Nio continues to act as title sponsor in the "Nio 333 Racing FE Team" since then. The team competes under a British license.

In 2015, the racing team - then known as "Team China Racing" and later "NextEV" - won Formula E's first drivers' championship with Nelson Piquet Jr. However, the team subsequently fell to the back of the field and has since been regarded as one of Formula E's "backmarker teams." Nio has not claimed a podium finish since the 2018 Mexico City E-Prix. Its last victory even dates back to the 2015 Moscow E-Prix. In the 2019/20 season, Nio became the first team in Formula E history to remain without a single championship point.

The Chinese team will start the 2023 season with the driver duo Dan Ticktum and Sergio Sette Camara.