French carmaker Renault has freed up more resources for its works Formula 1 team.
The manufacturer announced that it is pulling out of the all-electric series Formula E to "focus resources on its aggressive goals for Formula 1".
The title-winning Formula E team will undergo a "smooth transition" to become Nissan, the Japanese carmaker which is over 40% owned by Renault.
"After season four we will focus resources on our aggressive goals for Formula 1," confirmed Renault marketing chief Thierry Koskas.
Renault are currently seventh in the 2017 constructors' championship.
