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The team signed Vandoorne alongside double champion Jean-Eric Vergne for Season 9 and the start of the GEN3 era in what was at the time hailed as something of a super line-up, counting three titles between the pair.
"Since then Vandoorne has been a vital part of DS PENSKE, demonstrating unparalleled dedication and team spirit with his contributions instrumental in the team's success throughout his tenure," says the outfit.
Jay Penske, Team Principal of DS PENSKE, said: "We are truly grateful to Stoffel for his commitment and the outstanding performances he has delivered for DS PENSKE. We wish him the very best in his future endeavors."
Vandoorne reflected on his time with the team, saying: "My journey with DS PENSKE has been an incredible experience. I am thankful to the team for their unwavering support and look forward to new challenges ahead."
As DS PENSKE looks to the future, the team says it is committed to building on the successes of past seasons and continuing to compete at the highest level in Formula E.
Its finalised Season 11 driver pairing will be announced in due course.