Yamaha, Lola Cars Team Up to Enter Formula E; Race Experience to Aid Yamaha’s EV Business
12:48 JST, March 29, 2024
Yamaha Motor Co. will enter next year’s Formula E World Championship, the pinnacle of electric vehicle racing, in partnership with British race car manufacturer Lola Cars Ltd., according to Yamaha.
Yamaha has not competed in an international four-wheel race in about 25 years. The company hopes to improve its technologies and apply them to a future EV business, the firm said Thursday.
Formula E is the all-electric version of Formula One. Formula E cars can accelerate to more than 300 kph, which means motors and other power components must be durable and offer superior driving performance.
Yamaha, which plans to develop its car body together with Lola Cars, will be responsible for developing the electric powertrain.
From 1989 to 1997, Yamaha provided engines for teams at the Formula One Grand Prix. When Yamaha enters Formula E, it will be the second Japanese company to do so, after Nissan Motor Co.
"Business" POPULAR ARTICLE
-
Japan Business Circle Calls for China Resuming Visa-Free Travel; Keizai Doyukai Visit to Country Marks 1st in 8 Years
-
Major Start-Up Support Center Station Ai Opens in Nagoya; ¥15.3 Bil. Facility Built to Bring Together Emerging Companies
-
Japan’s Major Carmakers to Review Production Bases After Trump Win; Mexico Manufactured Vehicles Could be Hit by Tariffs
-
Japan’s Economy Expands Annualised 0.9% in Q3 on Tepid Capex
-
Japan’s Sumitomo Mitsui Offers New Hires Sure Path to U.S., U.K. Branches, with 40% of Bank Revenue Already Coming from Abroad
JN ACCESS RANKING
- Streaming Services Boost Anime Popularity Overseas; Former ‘Geeky’ Interest More Beloved Among Gen Z than 3 Major U.S. Sports
- Malaysia Growing in Popularity as Destination for Studying Abroad; British-style Education Available at Low Cost
- Japan Business Circle Calls for China Resuming Visa-Free Travel; Keizai Doyukai Visit to Country Marks 1st in 8 Years
- ‘Women Over 30 Would Have Uteruses Removed’; Remarks of CPJ Leader, Novelist Naoki Hyakuta Get Wide Attention
- Japanese Sneakers Making their Presence Known with Innovative Designs; Drawing on Retro Inspiration for New Styles