SOURCE: Nissan Motor Corporation

Nissan Motor Corporation

October 24, 2017 22:30 ET

Nissan to join Formula E electric racing from 2018-19 season

Racing championship gives Nissan, the first Japanese brand to join, a platform for its Nissan Intelligent Mobility message

YOKOHAMA, JAPAN--(Marketwired - October 24, 2017) - Nissan will become the first Japanese automotive brand to compete in the all-electric FIA Formula E racing championship starting in 2018.

The move to participate in the growing Formula E series gives Nissan a highly visible global platform from which to spread the message of Nissan Intelligent Mobility -- the company's three-pillar strategy to redefine how its vehicles are driven, powered and integrated into society.

"As the ultimate expression of the thrill of instant acceleration and agile handling that's at the heart of Nissan zero-emission driving, Nissan is going to electrify the Formula E championship," said Daniele Schillaci, executive vice president of global marketing and sales, zero-emission vehicles and battery business, and chairman of Nissan's management committee for Japan, Asia and Oceania. "Nissan will be the first Japanese brand to enter this growing championship, bringing our long history of motorsports success to the Formula E grid. It will give us a global platform for bringing our pioneering Nissan Intelligent Mobility strategy to a new generation of racing fans."

Nissan cemented its position as the leading mass-market zero-emission brand with last month's unveiling of the new Nissan LEAF. The second generation of the five-door all-electric vehicle is packed with ingenious technology that embraces the early steps of advanced driver assistance.

The new LEAF replaces the first-generation model, which pioneered accessible zero-emission mobility with its launch in 2010. Nissan has sold more than 280,000 LEAFs globally, making it the world's best-selling electric vehicle. LEAF customers have driven more than 3.5 billion zero-emission kilometers combined.

"Nissan's DNA is rich in innovation in electric mobility, not to mention a long history of success in motorsports," added Schillaci. "It makes sense that we bring these two core elements together by competing in Formula E."

Launched in 2014, the FIA Formula E championship is a global racing series where teams and manufacturers compete with all-electric powertrains on street circuits set up in major urban centers around the world.

"To have a name like Nissan coming on board is a momentous day for the series," said Alejandro Agag, the founder & CEO of Formula E. "Not only is it great to welcome a new manufacturer to the Formula E family -- it's great to see our first Japanese manufacturer entering the frame, showing truly how global the electric revolution is. Japan is a country at the forefront of new technologies, with one of the biggest followings of Formula E. The shift toward sustainable mobility is in motion, and it's unstoppable. I look forward to seeing the Nissan logo adorned on the new-look cars for season five."

Nissan will compete from season five, which is expected to begin in late 2018, when the all-electric championship will introduce new chassis and battery specifications.

The company will work with its partner Renault to leverage expertise and development already available, in keeping with the Renault-Nissan-Mitsubishi automotive partnership's focus on collaboration and maximizing synergies to boost competitiveness.

Season four of Formula E begins this December and runs until July. The global championship visits key venues including Hong Kong, Berlin, Paris, New York and Montreal.

Further information about Nissan's participation will be available closer to season five.

About Nissan North America
In North America, Nissan's operations include automotive styling, engineering, consumer and corporate financing, sales and marketing, distribution and manufacturing. Nissan is dedicated to improving the environment under the Nissan Green Program and has been recognized annually by the U.S Environmental Protection Agency as an ENERGY STAR® Partner of the Year since 2010. More information on Nissan in North America and the complete line of Nissan and INFINITI vehicles can be found online at www.NissanUSA.com and www.INFINITIUSA.com, or visit the U.S. media sites NissanNews.com and INFINITINews.com.

About Nissan Motor Co., Ltd.

Nissan is a global full-line vehicle manufacturer that sells more than 60 models under the Nissan, Infiniti and Datsun brands. In fiscal year 2016, the company sold 5.63 million vehicles globally, generating revenue of 11.72 trillion yen. Nissan engineers, manufactures and markets the world's best-selling all-electric vehicle in history, the Nissan LEAF. Nissan's global headquarters in Yokohama, Japan, manages operations in six regions: Asia & Oceania; Africa, Middle East & India; China; Europe; Latin America; and North America. Nissan has a global workforce of 247,500 and has been partnered with French manufacturer Renault since 1999. In 2016, Nissan acquired a 34% stake in Mitsubishi Motors. Renault-Nissan-Mitsubishi is today the world's largest automotive partnership, with combined annual sales of almost 10 million units a year.

For more information about our products, services and commitment to sustainable mobility, visit nissan-global.com. You can also follow us on Facebook, Instagram, Twitter and LinkedIn and see all our latest videos on YouTube.

About Nissan Canada Inc.
Nissan Canada Inc. (NCI) is the Canadian sales, marketing and distribution subsidiary of Nissan Motor Limited and Nissan North America, Inc. NCI directly employs 306 full-time staff across offices in Vancouver (BC), Mississauga (ON), and Kirkland (QC). There are 200 independent Nissan dealerships, including 45 that also act as Nissan Commercial Vehicles dealers, and 42 INFINITI retailers across Canada. A pioneer in zero emission mobility, Nissan made history with the introduction of the Nissan LEAF, the first affordable, mass-market, pure-electric vehicle and winner of numerous international accolades including the prestigious 2011 European Car of the Year and World Car of the Year awards.

More information about Nissan in Canada and the complete line of Nissan and INFINITI vehicles can be found online at www.nissan.ca and www.INFINITI.ca.

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