FOM Strengthens F1’s Future with China GP Deal

F1 extends the Chinese Grand Prix contract to 2030, solidifying its future in the region as the FOM drives ongoing growth and innovation.

The future of long-term F1 Grands Prix continues to strengthen with a new announcement this morning.

The FOM confirmed the extension of the Chinese Grand Prix contract through to 2030.

Formula 1 has gained increasing popularity in the country, as evidenced by the success of this year’s first post-COVID edition. However, it remains to be seen whether the enthusiasm will remain the same next year without Guanyu Zhou behind the wheel, as the Chinese driver was unable to retain his place on the grid.

“Our return to China this season, for the first time since 2019, was a fantastic moment for the sport, and it is incredible to see the level of support we continue to receive in the country, growing year after year,” said Stefano Domenicali, CEO and President of F1.

“Shanghai is an amazing city, and the circuit is fantastic for our drivers, so I am delighted that Formula 1 will continue its successful partnership with the Chinese Grand Prix for another five years. I would like to thank our promoter for their ongoing commitment and passion, and I look forward to returning to Shanghai next year.”

Guo Jianfei, promoter of the race, added: “For many years, Jiushi Group and our subsidiary, Juss Sports, have always adhered to our initial goal of excellence in event organization, and this renewal is a testament to that. This is great news for fans in China and provides a perfect platform to showcase Shanghai to the world, as millions of people watch on television globally.”

“We fully understand that a successful Grand Prix is not just an exciting race event, but also a driving force for society to develop in a more positive direction. In the future, we will continue to optimize the event experience through innovation and make a sustainable contribution to society.”