The racecar, which will be sold for $1.1 million, is built for $200,000.
It is the latest entry in the “race car” category, in which a racing car is built in such a way that it could compete in a race against another car.
The new car was designed by F1’s famed designers who have built a number of cars in the past, including a prototype used in the 2005 Grand Prix of Japan and the Mercedes-AMG GT3.
“The car is so simple it’s like a Lego set,” Michael Pischke, CEO of the German carmaker Porsche, told ABC News.
“We don’t even need to know the technical details of the engine or transmission to build the car.”
It is one of a series of new race cars being sold for more than $1 million.
“It is a new, exciting and exciting time to be a racing fan,” said Mike Vliet, the head of motorsport for Formula E. “And this year we’re going to make a lot of new fans.
We’re going out and showing them the true racing experience, the real racing car.”
The racing car that will be built for the championship will compete in the 2017 and 2018 season of the championship.
The winner of the two-day event, which takes place this weekend in Texas, will earn a trip to the 2018 championship, where they will face the winner of Sunday’s race.