Boulogne-Billancourt, Sept. 6 -- : Renault F1 team on Sunday announced that it will race under a new name and in new colours as Alpine F1 team from the 2021 season.

"The Alpine brand, a symbol of sporting prowess, elegance and agility, will be designated to the chassis and pay tribute to the expertise that gave birth to the A110. For Alpine, this is a key step to accelerate the development and influence of the brand. The team's engine will continue to benefit from Groupe Renault's unique expertise in hybrid powertrains and its E-Tech name will be retained," Renault F1 team said in a statement.

The signing of the new Concorde agreements, with the capping of budgets and the implementation of new technical regulations from 2022, confirms the...