NIO 333 has become the latest team on the Formula E grid to express the desire to drive under the new regulations.

As Formula E gradually approaches the introduction of the new Gen3 rules, more teams make the decision regarding it. It has been announced earlier on Thursday that NIO 333 will commit to the championhip’s new regulations.

Formula E’s CEO Jamie Reigle commented on the announcement: “333 Racing Team confirming their intention to compete in the Gen3 era is fantastic news and further evidence of Formula E’s unique position as a global sport, technology proving ground and marketing platform. The team has made a strategic decision to build their own powertrain and control their competitive destiny. We look forward to working with the NIO 333 Formula E Team to develop the next phase of the ABB FIA Formula E World Championship.”

“As a Chinese owned and operated team, 333 Racing will further our ambition of accelerating a shift to electric mobility in China and beyond.”

NIO 333’s CEO Vincent Wang also shared his thoughts: “We have experienced the development of Formula E since its inception and now, as it blossoms into an FIA World Championship, we welcome the evolution into its third generation.”

“We joined many meetings with the FIA and Formula E regarding the Gen3 technical roadmap when we joined the Formula E family as 333 Racing last year. We are delighted to join the list of manufacturers that will continue in the series and we expect to see further change as the Formula E develops; metabolism is the objective law of development.”

“Formula E is still the best new-energy racing series featuring sustainable development, worldwide influence and is at the forefront of electric mobility technology innovation – we at NIO 333 Formula E Team are extremely proud to continue to be part of it.”

NIO 333 is the fifth team to officially commit to Gen3 rules after DS, Porsche, Nissan, and Mahindra.

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