More Racing

Formula 1 Secures Five-Year Extension with the Chinese Grand Prix Through 2030

December 13, 2024
Judium Media

Formula 1 fans have a lot to celebrate, as the sport has announced a five-year extension for the Chinese Grand Prix, ensuring its place on the racing calendar through the 2030 season. This agreement solidifies Shanghai International Circuit’s standing as a premier venue for motorsport and reflects Formula 1’s growing influence in the Chinese market.

After a triumphant return in 2024 following a five-year hiatus, the Chinese Grand Prix will continue to showcase the high-octane drama of Formula 1, starting with the 2025 season’s second round on March 21-23, which will also feature the year’s first Sprint event and the opening race of the F1 Academy.

A Storied Circuit with Iconic Moments

Since its inaugural race in 2004, when Rubens Barrichello claimed victory for Ferrari, the 5.45km Shanghai International Circuit has been a favorite among drivers and fans alike. The challenging layout, long straights, and technical corners make it a true test of skill.

Over the years, the track has hosted some of Formula 1’s greatest moments. Among its most successful competitors are Lewis Hamilton, with six wins, and Fernando Alonso, who boasts two victories. The circuit’s enduring appeal lies in its ability to deliver high-stakes drama and thrilling racing.

Formula 1’s Unprecedented Growth in China

This extension isn’t just about keeping a fan-favorite race on the calendar—it’s also a testament to Formula 1’s surging popularity in China. The numbers speak for themselves:

  • 150 million fans in China, with half of them becoming followers in the last four years.
  • A 39% increase in TV viewership in 2024 compared to the previous season.
  • Over 1 million new followers added across Chinese social media platforms in 2024, including Weibo, WeChat, Toutiao, and Douyin, bringing the total to 4.4 million online fans.
  • A growing female fanbase, which now makes up 50% of Chinese F1 enthusiasts.

These metrics underscore Formula 1’s efforts to deepen its connection with audiences in this crucial market.

Leadership Perspectives

Formula 1 President and CEO Stefano Domenicali expressed his enthusiasm for the partnership, saying:
“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 levels of support that we enjoy in the country continuing to grow year-on-year. Shanghai is an incredible city, and the racetrack is a wonderful test for our drivers. I am delighted that Formula 1 will continue its successful partnership with the Chinese Grand Prix for a further five years.”

Guo Jianfei, Chairman of Shanghai Jiushi Group, the event promoter, highlighted the race’s broader societal impact:
“A successful Grand Prix is not only an exciting race event, but also a driving force for the whole society to develop in a more positive direction. In the future, we will continue to optimize the event experience through innovation and achieve a sustainable contribution to society.”

Looking Ahead

The extended deal signals Formula 1’s commitment to China as a key part of its global strategy. As the sport continues to innovate with Sprint races, the F1 Academy, and fan engagement initiatives, the Chinese Grand Prix will remain a cornerstone of the calendar, offering unparalleled excitement for local and international audiences alike.

With this renewal, Formula 1 reaffirms that its ambitions in China go beyond racing—they represent a bold vision for expanding the sport’s global reach and impact. The countdown to Shanghai 2025 has already begun, and the future looks brighter than ever for motorsport in China.