FIA and Components E Signal Landmark Extension to Energy Components E World Championship for One other 10 Years
The Fédération Internationale de l’Vehicle (FIA), the worldwide governing physique for motor sport and the federation for mobility organisations worldwide, has right this moment introduced a big multi-year extension to its settlement with Components E Holdings Restricted (majority owned by Liberty International) for the continued promotion of the FIA Components E World Championship (Components E) inside the all-electric single-seater class.
This settlement solidifies Components E’s shiny future on the forefront of worldwide motor sport. It gives a strong platform to speed up the Championship’s development trajectory, appeal to additional funding, scale its international impression and pave the way in which for sustainable innovation within the wider automotive sector.
Beneath present plans, Components E is about to proceed its bold and phased improvement technique for its racing automobiles, delivering quicker high speeds, higher acceleration, enhanced aerodynamics and improved tyre efficiency to proceed producing a number of the closest and best racing in world motor sport. These developments showcase the elevated relevance to shoppers and the broader EV market, with higher ‘race to highway’ expertise switch.
The long-term extension will allow Components E to construct additional on this work, offering the FIA World Championship with the long-term imaginative and prescient and help to thrive within the years to return. It opens the door to strategic long-range partnerships and expanded fan engagement.
With electrical car gross sales set rise to over 40% of world car gross sales by 2030, and international lithium-ion battery manufacturing anticipated to triple by 2030, the relevance of Components E and developments on this area are extra necessary than ever. On the coronary heart of this shift, the FIA Components E World Championship, showcases what’s attainable in fashionable electrical racing and performs a pioneering position in shaping the applied sciences that may outline the highway autos of the long run.
The Components E GEN3 Evo, which launched earlier this yr, is already a step-change in efficiency: 0-60mph in simply 1.82 seconds (30% quicker than a present Components 1 automobile), a 200mph high pace, and virtually 50% of power wanted to finish a race regenerated throughout a race. It’s designed with sustainability at its core and consists of tyres made with 35% recycled supplies and bodywork incorporating recycled carbon fibre and pure fibres.
Already backed by a roster of main producer manufacturers similar to Porsche, Jaguar, Nissan, Maserati, Stellantis, Mahindra and Lola-Yamaha, Components E is the one all-electric single-seater sequence competing on the highest degree – providing a novel mix of intense competitors, slicing edge-technology, and sustainability-focused management.
Since its first race in Beijing in 2014, Components E has turn into a worldwide motorsport success story – rising by 20% year-on-year to achieve circa 400m followers world wide and attracting a tv viewers of roughly half a billion. That includes 11 world-class groups and 22 elite drivers, the Championship races by means of unimaginable areas together with Monaco, Tokyo, London, Shanghai and Miami, delivering thrilling, purpose-driven sport within the coronary heart of the world’s most iconic cities.
Solidifying its international standing as a beacon of sustainability Components E has been ranked the highest ESG sport on the earth for the third consecutive yr. Coupled with substantial annual reductions in freight emissions and the lasting constructive legacy of its Higher Future Fund in host cities, Components E is poised for a good stronger and extra impactful future.
Mohammed Ben Sulayem, President on the FIA, stated: “The extension of the settlement governing the FIA Components E World Championship is a improbable consequence for the game and a transparent reflection of our ongoing technique on the FIA to foster long-term stability, innovation, and development throughout all areas of motorsport.
“This milestone reaffirms our dedication to innovation, sustainability, and technological progress, that are all central to the Championship’s distinctive identification and objective. It additionally aligns with our broader objective of accelerating international participation and driving extra accessible motorsport for all. We’re delighted to be persevering with this journey with Components E, and I sit up for seeing it develop even additional, each on and off the observe, within the years to return.”
Craig Edmondson, Chief Industrial Officer on the FIA, stated: “Components E has not solely demonstrated spectacular development since its inception, however has additionally led the way in which on sustainable innovation in our trade. This can be a landmark settlement for the FIA and Components E, and we’re excited to be working with the Championship within the years to return.”
Mike Fries, CEO at Liberty International, stated: “We’ve believed in Components E since day one, and this extension reaffirms our confidence in the place it’s headed. That is the motorsport of the long run – a championship that mixes the very newest expertise, close-combat racing, and a mission that actually issues.
“With the FIA’s continued backing, we are able to now take the following huge steps – scaling the game, rising its international fanbase, and persevering with to push the boundaries of what electrical racing can obtain. With this new settlement in place, Components E is now positioned higher than ever to outline the way forward for motorsport – extra progressive, extra inclusive, extra sustainable – and to encourage the following technology of followers, drivers, and companions world wide.”
Jeff Dodds, CEO at Components E, stated: “Components E’s development since its inception has been nothing in need of extraordinary, with a whole bunch of hundreds of thousands of followers and world-class groups and drivers deciding to decide on extremely aggressive electrical racing. This long-term extension of the partnership permits us to proceed constructing the model, investing within the product and delivering a number of the most charming racing that has made us well-known. With this long-term extension, the chance that Components E now has to impression world motorsport will probably be actually transformational.”
ENDS
For media enquiries please contact:
The Fédération Internationale de l’Vehicle (FIA) is the governing physique for world motor sport and the federation for mobility organisations globally. It’s a non-profit organisation dedicated to driving innovation and championing security, sustainability and equality throughout motor sport and mobility.
Based in 1904, with places of work in Paris, London and Geneva, the FIA brings collectively 245 Member Organisations throughout 5 continents, representing hundreds of thousands of highway customers, motor sport professionals and volunteers. It develops and enforces laws for motor sport, together with seven FIA World Championships, to make sure worldwide competitions are secure and truthful for all.
Components E Holdings Restricted is at the moment owned in its majority by Liberty International and is the promoter of the FIA Components E World Championship.
