Jaguar returns to motorsports after a 12-year absence with its new Formula E battery electric race car called the 1-Type, which made its debut on Wednesday.

Electronics giant and electric car battery maker Panasonic is the Jaguar Racing title car sponsor, and Lear Corporation is its official partner.

Formula E is a single seat racing championship series for fully electric cars, taking place on street tracks around the globe, including the final two races in New York City in July.

At the 1-Type’s launch, Nick Rogers, executive director, product Engineering at Jaguar Land Rover, outlined the important role Formula E will play in developing next generation electric vehicle technology for Jaguar Land Rover’s future product lineup.

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“The race team is a key part of our product development,” Rogers said, “In the future, we will have road cars that use a lot of the tech, the electronic controls, the propulsion systems and the batteries from the race cars.”

Jaguar is following in the steps of luxury carmaker Audi who introduced their first Formula E electric car entry last week. The two will join car giant Mahindra, Renault and DS who have fielded electric race cars since the series began in 2014.

When the 2016-2017 series season kicks off on October 9 in Hong Kong, drivers Mitch Evans and Adam Carroll will line up on the grid. Chinese racer Ho-Pin Tung will be the reserve driver.