Aramco and Aston Martin Cognizant Formula One Team sign long-term deal
Aston Martin Cognizant Formula One Team and Aramco announced a long-term strategic partnership recently, which will support the development of highly efficient engines, high-performance sustainable fuels, advanced lubricants and deployment of non-metallic materials in vehicles. The collaboration includes joint research and development, team sponsorship rights, a licensing agreement, and exclusive branding and endorsement rights for Aramco fuels and lubricants.
Therefore, the new team will be called Aston Martin Aramco Cognizant Formula One Team. With more than 1.9 billion fans worldwide, Formula One is the world’s leading motor racing event. Aramco’s partnership with Formula One supplements its status as a global strategic sponsor.
Formula One aims to be powered entirely by sustainable fuels by 2025, which will be supported by the team’s joint R&D efforts. Furthermore, the partnership will focus on the development of more efficient hybrid engines for motorsport and the commercialization of fuel-efficient engine technologies for road vehicles.