Formula E champions Mercedes will withdraw from the all-electric series in 2022 to concentrate on Formula One.
The company said it will end its involvement as a team entrant and manufacturer at the end of Season 8, in August 2022.
"Moving forward, the company will concentrate its works motorsport activities on Formula 1, reinforcing the sport’s status as the fastest laboratory for developing and proving sustainable and scalable future performance technologies," Mercedes said in a statement on Wednesday.
The announcement comes three days after Dutch driver Nyck de Vries won the Formula E world championship title after finishing eighth in the season's final race in Berlin, with Mercedes also winning the teams' title after Stoffel Vandoorne's third place.
In December, German manufacturers Audi and BMW said they would exit Formula E at the end of this year.
Mercedes announced a new strategic direction for its brand in July, with the aim of going all-electric by the end of the decade.
"As part of the new strategic direction, the brand has deliberately chosen to shift resources for this accelerated ramp-up of electrification, including the development of three electric-only architectures to be launched in 2025," the automaker said.
"Therefore, Mercedes will reallocate resource away from its ABB FIA Formula E World Championship program and towards applying the lessons learned in competition to product development in series," it added.
