Porsche announced to compete in Formula E in 2019

Porsche announced it will join the Formula E electric car championship starting in 2019 which marked the end of their involvement in the FIA World Endurance Championship (WEC) LMP1 class at the end of this year. The company said it was reorganizing its involvement in the world of car racing set out in the "Porsche Strategy 2025" plan.

Tinuku Porsche announced to compete in Formula E in 2019

The Stuttgart-based automotive company, Porsche AG, is fleeting to compete in Formula E by 2019. They have been developing a combination of pure GT cars and electric sports cars simultaneously. Manufacturers already involved or committed to engaging in electric car racing series include Jaguar, BMW and Audi.

Although Porsche withdrew from the LMP1 FIA WEC class, they will continue to be involved in the international GT racing with 911 RSR, including WEC, American IMSA WeatherTech SportsCar Championship and others.

"Going into Formula E and achieving success in this category is the logical outcome of Mission E. Technological developments make Formula E appealing to us," said Michael Steiner, executive board member for research and development at Porsche AG.

"Porsche is working on alternative and innovative concepts. Formula E is the highest competitive environment to drive the development of high performance cars in areas such as efficiency and environmental sustainability," Steiner said.

The Porsche announcement comes days after German manufacturer Mercedes-Benz announced it would abandon the DTM car series where they have been involved in decades. Mercedes-Benz switched to Formula E championship also starting in 2019.