BMW Joins Audi in Quitting Battery-Powered Formula E Racing
- Automaker to withdraw when race season ends in summer 2021
- Announcement comes after Audi exit to focus on consumer EVs
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BMW AG will quit Formula E motor racing at the end of this season, the latest manufacturer to shift resources away from the series as the race to develop mass-market electric cars intensifies.
Money saved from ending BMW’s seven-year involvement in Formula E will be better spent developing its range of EVs for consumers, the luxury automaker said in a statement.