The RB17 uses the Red Bull team’s naming system for its Formula One cars, with the “17” reviving the missing number between last year’s RB16b and this year’s RB18.
Red Bull said that the price would include “more than the car” and feature access to the Red Bull racing team via simulators, vehicle program development and on-track training and experiences.
The new car will be built at Red Bull Advanced Technologies base alongside the F1 team in Milton Keynes, central England, the company said. Engineering and producing the car will create 100 new jobs, it said.
“The RB17 marks an important milestone in the evolution of Red Bull Advanced Technologies, now fully capable of creating and manufacturing a series production car at our Red Bull Technology Campus,” Christian Horner, CEO of both Red Bull Advanced Technologies and the F1 team, said in a statement.
Red Bull Advanced Technologies developed the capability to design a hypercar while working on the Valkyrie, which was unveiled in 2017.