Pirelli and Formula 1 extend their partnership to 2023, as both parties have reached an agreement which will include the 18-inch tyre for 2021 onwards.
The announcement came earlier today in Abu Dhabi, as F1 chairman Chase Carey, Pirelli Vice President and CEO Marco Tronchetti Provera and FIA President Jean Todt presented the new tyres to the media.
Pirelli’s original deal with F1 expires at the end of 2019 but the Italian-Chinese manufacturer has secured a new deal, after Hankook manifested its interest in the bid. Chase Carey stresses the fact that the agreement seals a long-term project and expressed his delight over the news.
“Pirelli have been an important and valued partner to Formula 1 since 2011.-he said- They are leaders in providing innovative state of the art capabilities. They are a premium brand, a clear global leader in motorsport and our ongoing partnership with them is proof once more of our desire to align F1 with the best in motorsport and beyond. We are delighted to have reached this agreement, which guarantees a long-term stable future for such a crucial component of F1.”
Jean Todt shared Carey’s feelings, as he added: “I am happy to have Pirelli appointed for another period as official tyre supplier to the FIA Formula 1 World Championship. It will allow all of us to enjoy the experience gained since 2011. We know how crucial and difficult is the role of the tyre supplier and, particularly, in Formula 1.”
Having started supplying F1 back in 2011, Pirelli will reach a total of 13 years in F1 thanks to the freshly-announced prolongation.
“It’s excellent news that Pirelli is prolonging its partnership with Formula 1 until 2023. This new agreement extends our presence to a total of 13 seasons in the modern era, with Pirelli also present in 1950, when the World Championship was inaugurated. Formula 1 is and will remain the pinnacle of motorised competition: the perfect environment for Pirelli, which has always defined motorsport as its most advanced technological research and development laboratory”.