The Chinese Grand Prix will remain on the Formula 1 calendar until at least 2020 after agreeing a new three-year deal.
The Shanghai International Circuit debuted back in 2004 on F1’s first visit to China and has become known for producing exciting racing and plenty of overtaking on its high-speed, fast-flowing track.
“We are very pleased to have reached an agreement which will see the Formula 1 Chinese Grand Prix continue as a fixture of the Formula 1 World Championship for at least a further three years,” said F1 chairman and CEO Chase Carey.
“This great country has already demonstrated an overwhelming show of interest in our sport and we firmly believe there is still a great deal of unexplored potential here.
“That’s why this renewed agreement is so important as part of our development strategy, especially in this part of the world.
“We and our partners in this venture want to make this Formula 1 Chinese Grand Prix even more spectacular, while bringing Chinese fans ever closer to the sport.
“Finally, we wish to thank the Shanghai Municipal Government for the support it has given and continues to give to the Grand Prix, which has been a crucial element of its success”
Chairman of Shanghai Juss Sports Development, Jiang Lan added: “The Formula 1 Chinese Grand Prix is one of the most prestigious and recognised events on the Formula One World Championship calendar.
“Since its Shanghai debut in 2004, the Formula 1 Chinese F1 Grand Prix has become a motorsport show piece for China but also a fixture for all of Asia Pacific’s and global motorsports fans.
“It is the most highly anticipated annual event in the city of Shanghai. As the promoter of the Formula 1 Chinese Grand Prix, Shanghai Juss Sports Development (Group) is delighted to announce an agreement to host the Formula 1 Chinese Grand Prix for three more years.
“Shanghai Juss Sports will continue to apply all efforts and resources to promote and grow the Formula 1 popularity in the future.
“The group is pleased to renew the Formula 1 host and promoter commitment, as it provides us an opportunity to stage the world’s ‘Top In Class’ international sports events and showcase the city of Shanghai as a truly global city.”
As well as a new contract, Shanghai is set to host the third round of the 2018 world championship with a proposed switch with Bahrain on April 15, which will be reviewed by the World Motor Sport Council.
