×
You will be redirected back to your article in seconds

Faraday Future Partners With Dragon Racing for Formula E

Dragon Racing will compete under a new name after announcing a long-term alliance on Friday with the California-based electric car startup Faraday Future. The partnership will last four years with an option to extend for another four.

The announcement was made during the FIA Formula E London ePrix, and the partnership will begin with Formula E’s third series, which starts on Oct. 9, 2016. The new team name will be Faraday Future Dragon Racing.

“It’s an honor for Dragon Racing to form this ground-breaking alliance with Faraday Future,” said Jay Penske, Dragon Racing’s team owner and team principal. “Formula E symbolizes a vision for the future of motorsports and the automotive industry, and Faraday Future’s strategy for next-generation connected electric vehicles aligns seamlessly with Dragon Racing and Formula E. We at Dragon Racing are already looking forward to Season 3, and collaborating with some of the finest engineers and technologists in the EV and motorsport industries.”

“Formula E has placed a significant emphasis on electric performance and connectivity, which makes it a great fit for Faraday Future,” said Marco Mattiacci, the global chief brand and commercial officer at Faraday Future. “Formula E has leveraged a community of fans and embodies the competitive spirit that we also share.”

Alejandro Agag, the CEO of FIA Formula E, praised the partnership by saying, “A brand like Faraday Future coming to Formula E really symbolizes what Formula E is about. This year, we’ve learned that every thirteen minutes an electric car is sold in the United Kingdom. The future belongs to electric cars and brands like Faraday Future will come to fill this demand for cleaner mobility and for connected mobility.”

Nick Sampson, senior vice president of global research and development and engineering; Ding Lei, co-founder, vice chairman and managing director of SEE Plan; and LeEco and Dragon Racing team drivers Loïc Duval and Jérôme D’Ambrosio were on hand for the announcement.

Penske is the founder, chairman and CEO of Penske Media Corporation, which owns Variety.

More Biz

  • Terry Back chairman ACF

    Veteran U.K. Media Investor Terry Back Joins ACF as Chairman

    CANNES — Veteran U.K. film industry investor Terry Back has joined ACF investment bank as chairman. ACF, headed by CEO Thomas Dey, has been at the forefront of the M&A activity around independent TV and film production outfits, mostly in the unscripted TV arena. ACF is in the midst of expanding its activities in the [...]

  • Santos Dumont

    Mipcom: International TV Output Picture Changing for U.S. Majors

    The global import-export strategies of the U.S. majors are in flux as the world’s major content companies gather this week in Cannes for the annual Mipcom market and conference. Disney, WarnerMedia and the other handful of media conglomerates that control the vast majority of the U.S. market are in the midst of a radical transition [...]

  • Jane Fonda Arrested

    Jane Fonda Arrested in D.C. During Climate Change Protest

    Jane Fonda was arrested on Friday in Washington, D.C. during a climate change protest, Variety has confirmed. “Today, the United States Capitol Police arrested 16 individuals for unlawfully demonstrating on the East Front of the U.S. Capitol,” Capitol Police communications director Eva Malecki said in a statement to Variety. She added that all were charged with crowding, [...]

  • Firefighters battle the Saddleridge fire in

    Saddleridge Fire Forces Evacuations, TV Production Shutdowns

    A wind-whipped wildfire has spread across parts of the San Fernando Valley north of Los Angeles and forced evacuations, threatened thousands of homes and closed parts of five major freeways. The Saddleridge fire has prompted mandatory evacuations affecting about 100,000 people between Porter Ranch, Granada Hills and Sylmar. Mandatory evacuations have been called for about [...]

  • amazon-studios

    Amazon Studios Pacts With Howard University for Entertainment Education Program

    Howard University and Amazon Studios have teamed to launch Howard Entertainment, a two-semester program based in Los Angeles that offers Howard students the ability to take courses, network with Amazon industry partners and gain work experience in the entertainment industry. The inaugural program will begin January. The curriculum and immersive experiences will start with academic [...]

  • Remembering Prince

    Prince Estate Slams Trump Campaign for Playing ‘Purple Rain’ at Minneapolis Rally

    The Prince Estate strongly criticized the Trump campaign for playing “Purple Rain” at a Minneapolis rally in which the president made multiple aggressive and juvenile comments about Democratic leaders, Bruce Springsteen, Beyonce and Jay-Z. In a statement posted on social media, the Estate wrote, “President Trump played Prince’s ‘Purple Rain’ tonight at a campaign event [...]

  • Charlie Rose Sexual Harassment

    Charlie Rose Wins Dismissal of Retaliation Claim in Harassment Suit

    A New York judge on Thursday dismissed a claim that Charlie Rose retaliated against three female employees who complained of sexual harassment. Judge Doris Ling-Cohan found that while Rose had allegedly disparaged the women — calling one a “f—ing idiot” and another a “f—ing kindergartner” — his comments did not amount to retaliation under the [...]

More From Our Brands

Access exclusive content