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The announcement comes three days after Dutch driver Nyck de
Vries won the Formula E world championship title after finishing
eighth in the season's final race in Berlin, with Mercedes also
winning the teams' title after Stoffel Vandoorne's third place.
"Mercedes-Benz today announced that it will conclude its ABB FIA
Formula E success story as a team entrant and manufacturer at
the end of Season 8, in August 2022," the manufacturer said in a
statement https://www.mercedes-benz.com/en/eq-formulae/we-race-the-city/team/team-news/concluding-formula-e-success-story.
"Moving forward, the company will concentrate its works
motorsport activities on Formula 1, reinforcing the sport’s
status as the fastest laboratory for developing and proving
sustainable and scalable future performance technologies."
In December, German manufacturers Audi and BMW confirmed they
would exit Formula E at the end of this year.
Mercedes announced a new strategic direction for its brand in
July, with the aim of going all-electric by the end of the
decade.
"As part of the new strategic direction, the brand has
deliberately chosen to shift resources for this accelerated
ramp-up of electrification, including the development of three
electric-only architectures to be launched in 2025," the
carmaker said.
"Therefore, Mercedes will reallocate resource away from its ABB
FIA Formula E World Championship programme and towards applying
the lessons learned in competition to product development in
series."
(Reporting by Hritika Sharma in Bengaluru; Editing by Christian
Radnedge)
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