July 03, 2019 11:47
The Formula E Championship, the world's biggest electric vehicle racing competition, will take place in Seoul in May 2020.
The organizers on Tuesday unveiled the race course and other details of the competition aimed at overcoming the image of EVs as slow and underpowered in performance.
The Fédération Internationale de l'Automobile (FIA) is in charge of both Formula One and Formula E races. But Formula E races can be held in big cities because electric cars emit minimal pollution and noise.
The first Formula E race took place in Beijing, China in September 2014, and the sixth season kicks off in Saudi Arabia in November, moving on to Santiago, Chile in early 2020, followed by Mexico City, Hong Kong, Rome, Paris and Seoul. It then moves on to Berlin, New York and ends in London.
The Hyundai Research Institute expects the Korean leg to generate up to W407.2 billion in business and create some 1,500-2,800 jobs (US$1=W1,168).
Alejandro Agag, the founder of the Formula E race, said, "I'm so excited to be coming to Korea... Seoul is such a vibrant and versatile city with sporting heritage and experience in hosting international events."
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