After it was agreed at a meeting of team leaders, FIA, and Formula 1 promoters that the development of powertrains would be halted from 2022, Red Bull successfully agreed with their current engine manufacturer to take over the intellectual property so they could continue to use Japanese powertrains when Honda pulls out of Formula 1 at the end of this season.
The Red Bull and AlphaTauri teams will continue to use technology from the Japanese carmaker until the end of 2024, although Honda has formally decided to leave the Formula 1 World Championship after the upcoming season.
The collaboration between Honda and Red Bull family teams has resulted in winning five GP races in the previous three seasons, and despite Honda's decision to leave Formula 1, Red Bull's option to take over an intellectual property from the Japanese manufacturer was much more expensive than returning to Renault engines.
it would probably have been inevitable had there been no deal with Honda. The last "obstacle" to the realization of the plan was the desire to introduce a ban on the development of power units from 2022, and when it was agreed last week, Red Bull confirmed the formation of a new company called Red Bull Powertrains Limited, which will lead the project from a base in Milton Keynes.
“We have been discussing this topic with Honda for some time, and after the FIA’s decision to freeze the development of powertrains from 2022, we were finally able to reach an agreement to continue using Honda’s hybrid powertrains."
"We are grateful to Honda for their cooperation and help in ensuring that Red Bull Racing and Scuderia AlphaTauri continue to have competitive powertrains, ”said Helmut Marko.
“The founding of Red Bull Powertrains Limited is a bold move by Red Bull, but a move made after careful and detailed consideration.
We are aware that a huge commitment is needed, but we believe that creating this company is the most competitive option for both teams, ”added the Red Bull advisor. One of Honda's leaders, Koji Watanabe, also commented on the agreement: "Honda is pleased that after our decision to leave Formula 1 at the end of 2021, we were able to reach an agreement with Red Bull teams to continue using our technology beyond this year."
"We are fully committed to the goal of achieving carbon neutrality by 2050, which is why we decided to redirect funds to Formula 1. However, as a company that has been involved in Formula 1 for decades, we felt it was the right thing to help teams with we also cooperate with sports in general."
"By allowing Red Bull and AlphaTauri to use our technology, we should ensure that they remain competitive in the competition, which is good for the sport and the fans. ”