Red Bull has secured a deal that enables them to use Honda’s engines when they pull out of the Formula 1 circuit at the end of the year.
The move comes after Formula 1 agreed to put a freeze on new engine developments at the end of this current season all the way to 2024.
Releasing the new in-house engine division, Red Bull Powertrains limited, the new company will run engines for themselves as well as AlphaTauri from 2022 until the start of the new engine era which is set to start in 2025.
Did someone say FREEZE?! ✋ Introducing Red Bull Powertrains Limited – Powering the Team from 2022 💪 #ChargeOn 🤘
— Red Bull Racing Honda (@redbullracing) February 15, 2021
Red Bull team boss, Christian Horner said: “This agreement represents a significant step for Red Bull in its Formula 1 journey.
“We were understandably disappointed when Honda made the decision to leave the sport as an engine manufacture, as our relationship yielded more immediate success, but we are grateful for their support in facilitating this new agreement.
"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."#PoweredByHonda pic.twitter.com/dk4AlW2U0q
— Honda Racing F1 (@HondaRacingF1) February 15, 2021
“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.”
Red Bull is traditionally known as a chassis builder in the circuit, but they admit this to be a ‘bold move’.
Honda announced they will withdraw from formula 1 in 2022 in October last year.
Red bull made it very clear that they intended to take over the Japanese company’s hardware instead of going for a more customer supply arrangement bringing all aspects of engine development in-house.