HWA AG loses racing project in Formula E

Affalterbach, November 04, 2020 - HWA AG has been informed that Daimler AG will restructure its motor sport activities in the ABB FIA Formula E Championship racing series starting with the 8th season (beginning of October 2021), and that it will compete almost entirely from its own resources. The cooperation with HWA AG as service provider for the Mercedes-Benz EQ Formula E Team will thus end after the next season; smaller engineering service scopes will remain with HWA. The Executive Board of HWA AG will immediately examine the options for compensating this future revenue shortfall in the automobile racing sector. The decision of Daimler AG has nothing to do with the performance and performance of HWA AG in the ABB FIA Formula E Championship or its service quality in general. The cooperation with Daimler AG will continue unchanged in the area of cars / car components.