BMW will leave Formula E at th🔯e end of the 2020-21 season, becoming the second manufacturer to announce its departure from the series this week. 

On the day after it topped the timesheets at the end of pre-season Valencia testing, the German manufacturer confirmed its intention to quit Formula E after the conclusio💝n of its third season in the championship.

BMW entered the series as a full factory works effort in time for the beginning of Formula E’s second generation in 2018 and has t🍸wice finished fifth in the teams’ championship, winning a total of four races so far.

On Wednesday BMW announced it will be withdrawing at the end of the upcomi🌌ng campaign, which marks the sevenꩵth Formula E season.

“Our journey in Formula E is hitting the home stretch. After seven successful years, BMW Group will end its involvement in the series🥃 at the end of the coming season,” a team statement read.

“As a partner from the word go, BMW has been instrumental in the success story of Formula E. However, when it comes to the development of e-drivetrains, BMW Group has essentially exhauste🦄d the opportunities for this form of technology transfer in the competitive environment of Formula E.

“As the strategic focus of BMW Group is shifting within ♓the field of e-mobility, we will now concentrate on a model offensive and series production in large quantities with the fifth generation BMW E-drives.”

ℱBMW insisted that its goals remain unchanged for 2020-2021 despite its impending exit from the series.

“Even though we are leaving, our sporting ambitions remain un🥂broken. In Season 7, the BMW I Andretti Motorsport Team will give its all to achieve as much sporting success as possible with 🀅the BMW iFE.21 and drivers Maximilian Guenther and Jake Dennis,” its statement continued.

BMW’s announcement just days after Audi confirmed it𒁏s own departure from Formula E on💦 Sunday in favour of a return to sportscar racing and the Dakar Rally.