Pirelli will remain as supplier to Formula One for another four years, after extending its current contract to 2023.

The tyre maker and Formula One Management, the sport’s owners and managers, agreed on all initiatives asked for by the teams and fans and reaffirmed their commitment to work together towards the new technical regulations expected for 2021 when the tyre size should move to 18 inches.

At the moment Pirelli supplies 305/670-13 tyres at the front and 405/670-13 at the back, made in a range of compounds for teams to choose from as the rules stipulating they must use two different ones during a race.

Marco Tronchetti Provera, Pirelli Vice President and CEO, said: “It’s excellent news that Pirelli is prolonging its partnership with Formula One until 2023. This new agreement extends our presence to a total of 13 seasons in the modern era, with Pirelli also present in 1950, when the World Championship was inaugurated. Formula One is and will remain the pinnacle of motorised competition: the perfect environment for Pirelli, which has always defined motorsport as its most advanced technological research and development laboratory.

“Formula One provides the perfect showcase for our Ultra High Performance road car tyres, which equip the world’s most desirable prestige and premium vehicles to guarantee the highest standards of performance, sustainability and safety.”