Mercedes-Benz joins electric racing series Formula E

Mercedes-Benz will compete in Formula E, the all-electric racing series, starting in 2019. The news was announced today after months of speculation over whether the German automaker would exercise an option it had purchased to join the series back in October.

Despite that uncertainty, joining Formula E seemed like a relatively sure bet for Mercedes-Benz. Formula E is a cost-controlled series, and Mercedes-Benz has a wide presence in motorsports. The company is heavily invested in electric vehicles, and has already won championships with its hybrid technology in Formula One.

What is surprising is that the automaker announced that it will leave Deutsche Tourenwagen Masters, or DTM, in order to accommodate competing in Formula E. DTM is…

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