Teijin, Envision Racing extend multi-year partnership

The Teijin Group (Tokyo, Japan) has announced that it has extended its multi-year partnership with Envision Racing Formula E Team to support the team’s continuing participation in ABB FIA Formula E World Championship electric vehicle (EV) racing. The Teijin Group has been supporting the team since 2020, helping to raise awareness of the company’s contributions to climate change mitigation and adaptation.

“Teijin is committed to developing sustainable technologies and raising awareness of the need for climate change action,” Jun Suzuki, a chairperson of Teijin Ltd., says. “Through our support of the Envision Racing Formula E Team, we wish to convey our environmental commitments to Teijin stakeholders as well as promote Teijin technologies and products that are helping to reduce the automotive industry’s environmental impact."

Through its support for the team, Teijin is exploring new business opportunities based on its development of advanced technologies and know-how for next-generation automobiles. For example, Teijin participated in the team’s Race Against Climate Change event, which is aimed at accelerating the transition to clean, secure and affordable renewable energy as well as the mass adoption of e-mobility. Also, the team’s drivers now wear protective suits incorporating Teijin’s flame-retardant Teijinconex neo meta-aramid, which is said to fully comply with REACH and other leading chemical-industry environmental standards ( see “Teijin Aramid, OMP Racing composite Formula E racing suit raises the bar for protective performance”). Going forward, the company expects to continue leveraging these initiatives to raise brand awareness in prospective industries as well as promote the company’s ceaseless evolution in support of a more sustainable society.

Global efforts aimed at carbon neutrality and reduced environmental burdens continue to accelerate. Formula E was launched in 2014 as the world’s first fully electric single-seater racing series conducted on city-center circuits worldwide. By eliminating the use of fossil fuels to power vehicles and minimizing CO₂ emissions in its operations, Formula E is attracting a growing fanbase representing a wide spectrum of ages. In the COVID-shortened 2021 season from February to August, the sport reportedly attracted more than 316 million live spectators, up sharply from the prior year.

“On behalf of Envision Group we are all delighted that the Teijin Group and our racing team are continuing their journey together,” Franz Jung, vice president of Envision Group and chairman of the Board of Envision Racing, says. “It is fantastic to have brands onboard with the team that share the same goals and objectives as Envision.”