Nissan takes over the e.dams of the Formula E team and bets big on this competitive industry.
Nissan has been present in the world of Formula E as a partner of the e.dams team since its debut on the circuit in 2018. Today, the Japanese car manufacturer announces that it is no longer the sole partner of e.dams: the company has acquired the entire team and has become the sole and exclusive owner of. Nissan had a minority stake in the team before it was bought out from previous owners Olivier and Gregois Driot, children of Jean-Paul Driot, who founded the organization, according to The Race.
Nissan acquires Formula E team e.dams
Formula E offers competitors a single chassis that they can equip with their own power plant. For its first car in 2018, Nissan has made significant use of battery technology from the Leaf and intends to continue to “transfer knowledge and technology”between its Formula E and its mainstream vehicles.
and bet big on this competitive industry
This most likely means that if a company discovers new and very innovative technologies in this way while working on its Formula E, it will be able to use them in its production cars, and vice versa. As Nissan COO Ashwani Gupta stated:
We’ve been on the grid for over 85 years and our drive to always win is what drives us forward. We learn by racing and the continuous pace of technological change that defines the Formula E championship will provide us with many opportunities to learn and develop even better cars for our customers.
In 2021, Nissan announced a $17.6 billion investment to develop new electric vehicles and battery technologies over the next five years. Its goal is to develop at least 23 new electrified models by 2030 and have 40% of the electrified fleet in the US and China in the same year.