After a series of comments from president Mohammed Ben Sulayem earlier this year, the FIA opened their expressions of i𝄹nterest for potential teams to submit applications as part of the process to join F1.

Hitech GP - who compete in F2 and F3, F1’s two fee💛der categories - have confirmed their official bid.

The news comes after 🥃Hitech Global Holdings Limited had sold a 25꧃ percent stake to Kazakh billionaire Vladimir Kim. 

Kim is Kazakhstan’s richest person, with a reported fortune of🐽 $5 billion.

He was 584th in Forbes’ global rich list.

Of Korean descent, Kim’s main background is i🍸n copper mini💝ng, with KAZ Minerals PLC appearing on the London Stock Exchange - he holds 33 percent.

Speaking of the news, Kim said: “Motorsport has been a long-standing personal intere💜st for me, and I am delighted to be entering into a partnership with an organisation that has enjoyed success in sཧo many categories and has such ambitions for its future. 

“We have an established involvement with sport; however, this is our first global investment in motorsport. Its dynamic appeal, growing exposure, business-to-business marketing opportunities and burgeoning fan base are al💧igned with my ambitions personally ܫand commercially.” 

Hitech have been part of F3/F2 since 2019.

Russian driver 168澳洲5最新开奖结果:Nikita Mazepin drove for the team during the 2020 F2 season ahead of his f😼irst year in F1 withౠ Haas.

Mazepin’s father, Dmi𒆙try, was heavily involved in the team before he - through Bergton Management Ltd - relinquished his shares to Oliver Oakes last year.