IWATA, March 28, 2024 -- Yamaha Motor Co., Ltd. (Tokyo: 7272) announced today that it and Lola Cars Ltd (head office in the U.K., hereinafter "Lola") have signed a technical partnership agreement for the development and supply of high-performance electric powertrains to be part of an official manufacturer in the ABB FIA Formula E World Championship (hereinafter "Formula E"), the world's premier racing series for all-electric single-seater vehicles. Through this link to Formula E, Yamaha Motor will work on developing cutting-edge electric technologies with the aim of raising its expertise and capabilities in this field.
Lola is developing a vehicle package that can be supplied to racing teams competing in Formula E. Yamaha plans to develop and supply the electric powertrain (power unit), working closely in technical partnership with Lola aiming to develop and acquire the ultimate in energy management technology and the world's highest levels of power density and efficiency.
Lola is a well-established British racing car development company that has produced vehicles that have competed in numerous international automobile races. With a commitment to sustainable motorsports, the Lola aims to acquire electric racing technology by planning to develop and supply the manufacturer's perimeter compliant with Formula E homologation standards.
Yamaha has set a companywide environmental goal to achieve carbon neutrality in Scope 3* emissions by 2050. To create a more sustainable world, Yamaha will continue promoting the research and development of technologies that contribute to sustainability.
*Emissions produced from Yamaha's value chain, e.g., use of sold products.
At a glance
- Company
- Yamaha Motor Co., Ltd.
- Ticker
- Tokyo: 7272
- Announcement
- Partnership
- Location
- Iwata
Key figures
- Scope 3 carbon-neutrality goal
- 2050
Products and programs
Lola Cars Ltd company logo
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In brief
Yamaha Motor Co., Ltd. says it has entered a technical partnership with Lola Cars Ltd to develop and supply electric powertrains for use in Formula E. Yamaha expects to work on the power unit alongside Lola, which is developing a vehicle package for teams in the series. The companies will pursue work on energy management, power density and efficiency, with Yamaha aiming to strengthen its electric-technology expertise. The announcement describes the partnership as a route for Yamaha to gain experience in electric racing technology. Yamaha also says it has a companywide goal of carbon neutrality for Scope 3 emissions by 2050 and will continue research and development related to sustainability.
Key takeaways
- Yamaha and Lola signed a technical partnership covering Formula E electric powertrain development and supply.
- Yamaha plans to develop the power unit while Lola works on a vehicle package for racing teams.
- The companies will work on energy management, power density and efficiency.
- Yamaha says its Scope 3 carbon-neutrality goal is set for 2050.
Earlier from Yamaha Motor Co., Ltd.
- Yamaha Motor Produces Three-Millionth Yamaha Performance Damper - Anti-Vibration Device for Automobiles Controls and Absorbs Distortions and Vibrations -
- Yamaha Motor Recognized with Highest Score from CDP for Transparency on Climate Change
- Yamaha Motor Invests in Electric Scooters Startup World of River - Seeking Business Partnerships for the Indian EV Market -
- Yamaha Motor Acquires Electric Marine Propulsion Manufacturer Torqeedo - Bolstering competitiveness and accelerating carbon neutrality efforts in the Electric field of the Company's Marine CASE Strategy -
- Yamaha Motor Releases New YRM10, Next-generation Compact High-speed Modular Mounter - 52,000 CPH Economy Model Surface Mounter, World's Fastest in 1-Beam/1-Head class -
