Midland, Mich., Jan. 12, 2023 – Dow (NYSE: DOW) and partner Jaguar TCS Racing are gearing up for an exciting weekend at the upcoming Mexico City E-Prix to kick-off Season 9 of the ABB FIA Formula E World Championship.
Dow has been the Official Materials Science Partner to the team since 2021, with initial collaborations beginning in 2020, helping Jaguar TCS Racing push the boundaries of electric vehicle (EV) innovation through collaboration. The 2023 season is pushing the pedal down on that innovation with the introduction of the Gen3 racecar, which will make its Formula E race debut in Mexico City this coming weekend.
“With every new generation of the Formula E racecar, the sport is engineering beyond the boundaries of what we consider possible for electric vehicles, especially in terms of power,” said Tim Boven, Commercial Vice President, Dow MobilityScience™. “The same goes for our materials. Our MobilityScience™ team is committed to engineering solutions that drive low carbon mobility, and the Jaguar I-TYPE 6 racecar provides the perfect testbed to develop innovative solutions.”
Dow’s partnership with Jaguar TCS Racing provides a high-throughput laboratory to continually test and perfect the mobility solutions that will help unlock new levels of sustainability and performance for automotive customers around the world.
This weekend, Dow will welcome key stakeholders to the storied Autodromo Hermanos Rodriguez track, as well as parallel events, to catalyze conversations on the future of low carbon mobility – a topic the Latin American region is intently focused on. From 2021 to 2022, electric vehicle sales in Mexico increased by about 204%, and there is still huge growth potential, as Mexico globally ranks seventh overall in vehicle manufacturers and fifth in auto parts manufacturers.
“Dow is in pursuit of being the most innovative, inclusive, sustainable, and customer-centric materials science company in the world, and collaborations with like-minded partners are crucial to that effort,” said Verónica Pérez, Dow North Region of Latin America President. “Our partnership with Jaguar TCS Racing is helping us not only to further our commitment to sustainability but also to advance conversations around EV innovation in Latin America and share the power and possibilities of MobilityScience™ solutions.”
Dow builds on 100+ years of transportation experience and expertise in application development to deliver innovative, cutting-edge solutions that keep the world moving. Its MobilityScience™ team provides OEMs and Tiers with a seamless and collaborative global partner for materials innovation through access to world-class technical capabilities and a broad portfolio of materials science solutions for the industry. Dow is committed to the future of mobility and is addressing the most pressing mobility challenges like de-carbonization and improving EV performance. For more information visit www.DowMobilityScience.com.
Later this month, the Jaguar I-TYPE 5, Jaguar TCS Racing’s electric racecar from Season 8 of the ABB FIA Formula E World Championship, will be on display in Tokyo at Automotive World, Japan’s advanced automotive technology show, from January 25-27, 2023.
About Dow
Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance (ESG) leadership to achieve profitable growth and deliver a sustainable future. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates 104 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $55 billion in 2021. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.
About Jaguar TCS Racing
Jaguar returned to racing in October 2016, becoming the first luxury manufacturer to join the all-electric ABB FIA Formula E Championship street racing series. In season eight, Mitch Evans finished as runner-up in the drivers’ standings – his most successful result in Jaguar TCS Racing’s Formula E campaign.
Formula E is a real-world test bed for Jaguar with its journey to becoming an all-electric luxury brand from 2025. Jaguar TCS Racing’s goal is to ‘Reimagine Racing’ and together the team will test, develop, learn and collaborate, sharing insights across Jaguar Land Rover which will benefit future road car development. Specifically, learnings and technology transfer from Formula E will help ‘Reimagine” the Jaguar brand coinciding with the company’s commitment to the Gen3 era of Formula E.
2023 is the first year for the teams to be racing with the Gen3 car, the world’s first net zero race car.
As an official manufacturer team in Formula E, Jaguar TCS Racing designs its own powertrain, which includes the motor, transmission, inverter, and rear suspension. Jaguar, via its long-term Formula E technical partner Williams Advanced Engineering, will supply Envision Racing with its powertrain for the Gen3 era.
To control costs, the carbon fiber chassis and battery are common components and the same for all eleven teams. This allows the focus to be on developing efficient and lightweight electric vehicle powertrains which will improve the performance and range of future Jaguar Land Rover electric vehicles.
Teams have two race cars, one per driver, which will be used for the full race distance. Beyond its all-electric concept, Formula E is unique in the world of motorsport for its choice of venues. The 2023 championship takes place on temporary street circuits in the center of the world’s major cities including Mexico City, Diriyah and Rome, with new locations including Hyderabad, Cape Town, and São Paulo. The season finale plays out across a double-header race weekend in London.
In 2022, Jaguar TCS Racing finished fourth in the teams' standings with seven podiums, four wins, one pole position, one fastest lap and 231 points scored – the team’s biggest points haul to date. New Zealander, Mitch Evans finished last season as runner-up with Sam Bird finishing thirteenth overall in the drivers’ standings.
Formula E remains a key priority for Jaguar Land Rover and the company’s Reimagine strategy. As the premier all-electric world championship, Formula E allows us to test and develop new electric vehicle technologies in a high-performance environment. It continues to be the test bed for our Race to Innovate mission that will see Race to Road and Road to Race learnings that will help shape our electric future – a future that Jaguar is passionate about, and dedicated to for the benefit of our society, the changing landscape of mobility, sustainability and our clients.
Through our Race to Inspire mission, Jaguar TCS Racing are committed to inspiring the future generation by using the race program to create a positive impact on our planet and the communities in which we race. From competing in the world’s first net carbon race car to supporting and training the next generation of engineers and motorsport professionals.
For more information, visit www.jaguar.com.
For further information, please contact:
Isabelle Vanderstichelen
+32.64.88.93.50
isabelle.vanderstichelen@dow.com
Ana Michelle Bernard
+52.5579.323120
abernardmartinez@dow.com