CLERMONT-FERRAND, France—Michelin is parting ways with FIA World Formula E Championships after eight years of association with the world's first electric single-seater racing series.
A founding partner and an investor in the ambitious project from the outset in 2013, the French tire maker announced Aug. 18 that it was withdrawing from the event as the 2021-22 campaign came to an end on Aug. 14.
Hankook will replace Michelin as Gen3 tire partner of the 2022-23 season.
To be introduced from 2022, the all-electric Gen3 cars are required to offer more power with less weight and a new drive.
Looking back at the eight-year partnership, Michelin said the close collaboration led to technological advances across "the exceptionally wide spectrum of conditions."
Among other innovations, Michelin advanced energy efficiency and tire weights during its collaboration with Formula E, reducing tire weights by 16 percent two years into the partnership.
By 2018, the tire maker reduced tire weights by 2.5 kg to help extend the range of cars.
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