Miba extends partnership with NIO Formula E team
March 27, 2019
Austria’s Miba AG, a leading manufacturer of Powder Metallurgy components with facilities across the world, is to extend its collaboration with the NIO race team in the ABB FIA Formula E Championship. During the Formula E races in Sanya, China, and Rome, Italy, both NIO team cars will feature special Miba branding.
Based in Oxford, UK, the NIO Formula E Team is the racing arm of Chinese car maker NIO, and is the evolution of Team China Racing that carried Nelson Piquet Jr to claim the inaugural drivers’ championship title in 2015. For the 2018/19 campaign, British driver Oliver Turvey remains with the team alongside Frenchman Tom Dillmann.
Headquartered in Shanghai, the NIO car company manufactures a range of electric vehicles in China, including the record breaking EP9, said to be one of the fastest electric cars in the world. NIO was recently named fifth in Fast Company’s annual list of the Most Innovative Companies in China for 2019.
The Miba company EBG provides the high power resistors used in NIO’s electric cars, amongst other customers. Miba is also currently involved in an EU project with Audi to develop new, digital, smart cooling components for electric vehicle batteries.
“Emobility is a growing market for Miba. Our involvement in the Formula E underlines our strong dedication to be the innovative partner for developing the best solutions for it with our customers,” stated F Peter Mitterbauer, Miba CEO. “We are looking forward to the collaboration with our customer NIO.”