Hyundai F1
Hyundai has officially denied plans to enter Formula 1 (F1), despite growing rumors surrounding a potential acquisition of the Alpine F1 team. On July 6, several international media outlets reported that Hyundai was eyeing the struggling Alpine team, currently owned by Renault Group. Rumours are developing regarding South Korean auto giant Hyundai stepping up its interest in buying a Formula 1 team.
Hyundai currently competes at the FIA World Championship level in Rallying, maintaining a presence in the World Rally Championship since debuting the i20N in 2014. The South Korean marque, whose WRC effort is now run by ex. The boss of Hyundai Motorsport says the company is interested to expand its portfolio within motorsport but has stressed that it is "not ready" for Formula 1.
Hyundai's main competition is. South Korean auto giant, Hyundai Motors has been reportedly planning to enter into F1 Racing with its team in 2026. Check out more details below.
Hyundai's motorsport ambitions continue to evolve, with the brand teasing a possible Formula 1 entry through a cryptic social media post. Are Hyundai preparing for a tilt at joining F1? The Korean firm's motorsport chief Cyril Abiteboul says there is much to consider. Hyundai has a strong presence in the World Rally Championship (WRC) and has won the manufacturers' title in 2019 and 2020.
Now, they're eyeing F1 success. Acquiring an F1 team won't be easy, given the lack of available teams for sale. Additionally, an immediate entry would mean inheriting a power unit from a rival manufacturer.
Former F1 team boss Cyril Abiteboul has played down wild rumours linking Hyundai with Formula 1. Hyundai has been rumored to consider joining the F1 grid by acquiring an existing team despite Andretti-Cadillac's rejection. Hyundai, the renowned South Korean automotive giant, is reportedly eager for an entry into the world of Formula 1.
According to a report from Motorsport Week, Formula 1 journalist Joe Saward has highlighted Hyundai's potential move into F1.