The new-look NIO 333 team unveiled its new car for the 2019-20 ABB FIA Formula E Championship season at Valencia on Tuesday morning ahead of the traditional pre-season group test.
As revealed by e-racing365 last month, the team is believed to have been largely acquired by the Hong Kong-based Brilliance in Excellence (BIE) company.
Oliver Turvey and Ma Qing Hua will race the NIO 005, which will still feature the NIO blue seen in previous years but now showcases a darker shade of blue on its sidepods and representation of the Chinese flag on the car.
The ‘333’ element of the new team name is reflected on the sidepods of the cars with the new colour identical to the 333 Volkswagen Lamando touring cars that have raced in the Chinese Touring Car Championship.
That series is run by the Lisheng Company, which is affiliated with BIE through shareholders.
The new team is fully managed and operated by Lisheng Racing, while its European team based in Oxford is responsible for R&D and technical support.
As first reported by e-racing365 last month, Chinese electric automaker NIO will continue to support the NIO 333 Formula E team for the 2019-20 season as its title sponsor.
An official communication by the team described the new setup as “Chinese motorsport industry giant Shanghai Lisheng Racing Co., Ltd.” as having “licensed its sub-brand ‘333 Racing’ to this new team” and “is responsible for its operations and R&D”.
Speaking for the first time about the changes to the team, William Li, founder, chairman and CEO of NIO, said: “Formula E has experienced a rapid expansion in the past few years and we are pleased to continue our participation in the championship.
“We also appreciate the support from our new partner Lisheng Racing. With our joint efforts, I believe the new NIO 333 FE Team will be more competitive. I also wish Oliver Turvey and Ma Qing Hua great success in the coming season.”
E-racing365 understands that the team has utilized Season Five motors and inverters that were used by GEOX Dragon last season.
NIO though still keeps its manufacturer status as the new package was homologated by the FIA as such in late August.
“It’s our greatest pleasure to collaborate with NIO and participate in Formula E,” said Vincent Wang, BIE’s CEO of NIO 333 FE Team.
“NIO has achieved great results in the past, and the NIO 333 FE Team will thrive to live on that heritage. The championship is a great platform for Chinese motorsports to enter the world stage, and we are very happy to be here.
“We are ready to both join the FE family and to take on the challenges, and we hope that the team will continue to make progress with our efforts.”