PARIS, France - China Racing becomes the second team to sign up for the new Formula E electric series set to start in 2013.The team joins the ranks of Britain's Drayson Racing with hopes to compete in the series.China Racing signed their official agreement with the International Automobile Federation (FIA) in February 2013.'CREATING A SUSTAINABLE PLANET'Team chairman Yu Liu said: "I believe Formula E is a perfect platform for China Racing and our key partners to get involved in the future of motorsport."We also believe this is a good platform for Chinese and global electric vehicles companies to do our part to help create a sustainable planet."Formula E chief executive Alejandro Agag, a former chairman of Premier League soccer club Queens Park Rangers, said he hoped added Chinese involvement would make cities healthier places to live.Agag said: "China has enormous potential for the expansion of electric vehicles as a tool to fight pollution in cities."We think the FIA Formula E championship can be a powerful tool to make electric cars popular with the Chinese public."Formula E will be an FIA-sanctioned championship involving 10 teams and 20 drivers.The organisers aim to hold races in at least 10 cities around the world, including Rome and Rio de Janeiro which have already been announced. They hope to add London to their list.The World Champion and Contructor will earn R11-million at the end of the first season.