F1 has confirmed it has signed an extension with tyre manufacturer Pirelli, which will see the Italian marque remain the sole supplier in Formula 1 through to 2028.
First arriving in F1 in 2011 after an extended period away, it has been the sole supplier for the teams, manufacturing tyres to suit different car technical regulations.
Its most recent tenure has seen it bounce back from the tyre explosions of 2012, as its compounds transformed races during the mid-2010s through accelerated degradation.
Since 2011, it has achieved the milestone of 500 Grand Prix, and tyres travelling 334,942km during a full race distance.
Speculation had been growing about a second manufacturer coming in and instigating a tyre war, however, Pirelli will remain the sole supplier until at least 2028.
Pirelli “pleased” to extend F1 contract
Marco Tronchetti Provera, Executive Vice Chairman of Pirelli, conveyed his pleasure at the deal.
“We are pleased to extend our presence in Formula1 by a further year, until 2028, thanks to the agreement reached with the FIA – under the leadership of its President Mohammed Ben Sulayem – and with Formula 1, ” he said.
“Last year, we surpassed the milestone of 500 Grands Prix, taking on and winning significant technological and innovation challenges throughout our long involvement.
“Pirelli is not just a supplier but instead a strategic partner that has been able to support the constant growth of the championship, driven by the joint work of the Federation and the promoter.
“Formula 1 represents the best laboratory for us to innovate, test cutting-edge technical solutions, and continually improve research and development processes, for the benefit of tomorrow’s road tyres.”
President and CEO of Formula 1, Stefano Domenicali spoke of “pushing boundaries” with the partnership.
“We’ve enjoyed an incredible history and partnership with Pirelli, relying on their technical brilliance and focus on performance, innovation, and sustainability for many years, so I’m delighted that the FIA and we will continue that relationship for another year.
“As we continue to push boundaries across the technical regulatory framework, Pirelli’s commitment to quality gives all the teams and series it supplies peace of mind as they know they are working with some of the most advanced tyres in the world.
“I’d like to thank FIA President, His Excellency Mohammed Ben Sulayem, and Marco Tronchetti Provera, Executive Vice Chairman of Pirelli – this extension is another fantastic example of working with expert partners, whose experience drives excellence and delivers the very best spectacle on track.”
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