Red Bull have reached an agreement to race Honda power units from next season until the end of 2024, despite the Japanese manufacturer opting the leave the championship at the end of the season.
Honda have had five race victories thus far in their three-year partnership with the Red Bull family, however, last October, they announced they would leave Formula One when their current agreement expired at the end of 2021.
The deal includes the use of engines in Red Bull's sister team, AlphaTauri.
Following its announcement, Red Bull entered talks with Honda to explore ways of continuing to use the technology and following confirmation that engine development would be frozen from 2022 onwards, the two agreed a deal.
The four-time world champions have a formed a new company - Red Bull Powertrains Limited - to run the project, with the new division operated from Red Bull's base in Milton Keynes.
“This agreement represents a significant step for Red Bull in its Formula 1 journey," said Red Bull boss Christian Horner.
"We were understandably disappointed when Honda made the decision to leave the sport as an engine manufacturer, as our relationship yielded immediate success, but we are grateful for their support in facilitating this new agreement.
“Honda has invested significantly in hybrid technology to ensure the supply of competitive power units to both teams. We now begin the work of bringing the power unit division in-house and integrating the new facilities and personnel into our Technology Campus. In the meantime, we are fully focused on achieving the best possible results in what will be Honda’s final season as an official power unit supplier.”
Honda’s Chief Officer Brand and Communication Operations Koji Watanabe added: “Honda is pleased that, following our decision to leave Formula 1 at the end of 2021, we have been able to reach an agreement for the two Red Bull-owned teams to use our F1 PU technology in F1 after 2021.
“We are fully committed to our goal of Honda being carbon neutral by 2050, which is why we are diverting our F1 resources to this new target. However, as a company that has been involved in Formula 1 for several decades, we felt it was the right thing to do to help our two current teams and indeed the sport as a whole.
“By allowing Red Bull Racing and Scuderia AlphaTauri to use our F1 PU technology it should ensure they can race competitively, which is also good for the sport and the fans.”
Author: Jake Wilkin