Audi has unveiled its first all-electric race car, the Audi e-tron FE04, at an event in Neuberg, Germany.

With Allan McNish, a former Le Mans winner, as the new team principal, the Audi e-tron FE04 will debut in the 2017/2018 season on Dec. 2 in Hong Kong to defend the Formula E driver’s title. According to Autocar, the new model features a different transmission and color scheme from its predecessor, converting from a three-speed transmission to a single-cog system and a new green and white scheme, replacing red and yellow. The Formula E car reaches 62 mph in the range of 3.5 seconds on 266 brake horsepower.

“After nearly 40 years of being active in motorsport, Audi now becomes the first German automobile manufacturer to compete in Formula E to test and advance the development of new technologies for production,” said Audi board member Peter Mertens.

The Audi e-tron FE04 is expected to run on a motor powered by a 34-kWh lithium-ion battery developed by Williams Advanced Engineering weighing 441 pounds (200 kg). Pre-season tests will be conducted Monday to Thursday of this week using both of Audi’s drivers in Valencia, Spain before heading to Austria

The news of the e-tron FE04 follows several months after Audi’s departure from the World Endurance Championship and the 24 Hours of Le Mans, an 18-year partnership in which Audi racked up 13 victories, in late 2016. In a dramatic shift to its motorsport program, Audi joined forces with the Abt Schaeffler squad to participate in Formula E. Many have speculated that financial issues, declining turbodiesel sales, and an excessive motorsport budget were the main reasons for the move.