Mexico: Sergio Perez, a driver from Mexico, has extended his contract for two more years and will stay with Red Bull Racing until the conclusion of the 2026 Formula 1 season. Red Bull has taken action to retain Perez for at least the next two years since his present contract, signed in 2022, was about to expire at the conclusion of the current season.
With 107 points, the 34-year-old Perez is presently ranked fifth in the 2024 Drivers’ Standings, behind only the Netherlands’ Max Verstappen, who has 169 points.
The Mexican driver’s choice to accept a two-year contract extension comes in the midst of an exceptionally active driver market, where the majority of outfits have not yet confirmed their complete driver lineups and where many discussions are occurring behind the scenes. But Perez, who joined Red Bull from Racing Point, which is now Aston Martin, back in 2021, will be sticking around for the team’s historic fifth season and beyond.
Since then, Perez has won five Grand Prix races, three of which have come in 2021, 2022, and 2023. He has also achieved three pole positions in the last two years. Last season, he tied for second place in the championship with teammate Max Verstappen, marking a career high. This helped Red Bull win both the constructors’ title and a first-ever one-two finish.
“I’m thrilled to dedicate my future to this outstanding group. For Oracle Red Bull Racing, it’s a task unlike any other, both on and off the track. I’m thrilled to be sticking around for another two years to add to our amazing history as a team and go on our adventure together. Regarding his contract extension, Perez remarked, “Being a member of the team is a huge challenge, and one I love.”
“This is an important moment to confirm our line-up for 2025, and we are very pleased to continue working with Checo,” Red Bull team manager Christian Horner said.
“Stability and continuity are critical for the team, and Checo and Max have a strong and productive partnership that helped us secure our first-ever one-two finish in the championship last year,” the statement said.
