{"id":13954,"date":"2012-08-28T03:18:45","date_gmt":"2012-08-28T01:18:45","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/motor-racing-global-electric-car-series-to-launch-in-2014\/"},"modified":"2012-08-28T03:18:45","modified_gmt":"2012-08-28T01:18:45","slug":"motor-racing-global-electric-car-series-to-launch-in-2014","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/motor-racing-global-electric-car-series-to-launch-in-2014\/","title":{"rendered":"Motor racing-Global electric car series to launch in 2014"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>By Alan Baldwin<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Aug 27 (Reuters) &#8211; A new &#8216;Formula E&#8217; global series of city centre electric car races will start in 2014 after motor sport&#8217;s governing body licensed the commercial rights to a Hong Kong-based consortium.<\/p>\n<p><span><\/span><\/p>\n<p>A statement on Monday said London-based Spanish businessman Enrique Banuelos will be lead investor in Formula E Holdings  Ltd, with compatriot and fellow shareholder Alejandro Agag serving as chief executive.<\/p>\n<p><span><\/span><\/p>\n<p>British businessman Paul Drayson, a former Science Minister and amateur racing driver who runs Drayson Racing Technologies, is also involved in a project that will cost about 50 million euros ($62.59 million) to launch.<\/p>\n<p><span><\/span><\/p>\n<p>The promoters said that the series, sanctioned by the International Automobile Federation (FIA), aimed for races in at least 10 different cities &#8211; of which five will be in Europe.<\/p>\n<p><span><\/span><\/p>\n<p>Proposed locations worldwide include Hong Kong, Shanghai and Beijing as well as Mumbai, Sydney, Cape Town, Rio de Janeiro, Moscow, Mexico City, Miami and Los Angeles.<\/p>\n<p><span><\/span><\/p>\n<p>Agag told Reuters that there was already an agreement in place with Rio while a race around Berlin&#8217;s Brandenburg Gate would be the first choice for Germany.<\/p>\n<p><span><\/span><\/p>\n<p>The plans are for a grid of 10 teams and 20 drivers in 2014, expanding to 14 teams the following year, with entrants able to use their own cars or one based on a Formulec EF01 prototype which has already achieved a top speed of 240kph.<\/p>\n<p><span><\/span><\/p>\n<p>Races will be an hour in duration but because the batteries will last only 15-20 minutes, there will be two pitstops scheduled with drivers having to change cars.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alan Baldwin LONDON Aug 27 (Reuters) &#8211; A new &#8216;Formula E&#8217; global series of city centre electric car races will start in 2014 after motor sport&#8217;s governing body licensed the commercial rights to a Hong Kong-based consortium. A statement on Monday said London-based Spanish businessman Enrique Banuelos will be lead investor in Formula E [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13954","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13954"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13954\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}