In August 2022, Audi announced intentions to join Formula 1 as an engine supplier for the 2026 season. A couple of months later, the German luxury automaker part of the Volkswagen Group reached an agreement with Sauber. At the end of January this year, it acquired a minority stake in the Swiss F1 team. Later this month, a showcar will be displayed at the Auto Shanghai 2023 as part of the company's plan to release more details about its F1 entry.
The disclosure was made by a spokesperson for the Four Rings in an interview with Automotive News Europe. As to why the Auto Shanghai event was chosen as the venue to show off the new F1 concept car, the Audi representative said China represents the company's single largest market. The spokesman went on to say F1 has a large following in the People's Republic.
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