P1racenews AI automatic summary:
Formula E minnow ERT starred in the latest round in Diriyah. But it faces a tense season as it banks on the series’ return to China to help it secure the investment it desperately needs
ERT Formula E team has a complex and turbulent history, starting with its unlikely first season title under Team China Racing and Nelson Piquet Jr. However, it faced financial troubles and changes in ownership throughout the seasons. Currently known as Electric Racing Technologies (ERT), the team is in need of proper investment to secure its future and improve its performance on the grid. ERT’s team principal, Alex Hui, is fully committed to the championship and is actively seeking new partners, especially with Formula E returning to mainland China after five years. The team believes that racing in major cities like Shanghai and the exposure it brings will attract potential sponsors and boost Formula E’s popularity in China, the largest electric vehicle market. Despite the departure of NIO, brighter signs can be seen with other multinational companies, such as BYD and Geely, showing interest in Formula E.
