Tianjin Explores Hosting High-Level Top-Tier Auto Races Such as F1

Recently, the draft Tianjin Municipal Implementation Plan for Promoting Automotive Racing Economic Development was released for public comment. It states that the city will introduce top-tier professional racing events, both domestic and international. Leveraging the advantages of the Wuqing V1 International Automotive World G2-grade circuit, the city will deepen cooperation with professional bodies such as the FIA and the China Automobile and Motorcycle Sports Federation, and actively bid to host the China Automobile and Motorcycle Sports Conference, the China-Italy International Open-Air Auto Show, the China Super Sports Car Championship, and the CDC China Drift Championship, among other high-grade traditional fuel-powered vehicle events. Focusing on new energy vehicle racing, the city will target the introduction of green racing events such as the FE Formula E Championship and new energy track sprint races, building a full-category automotive racing system and establishing a high-end automotive racing hub in northern China. The plan supports infrastructure upgrades for the V1 Automotive World circuit and actively explores hosting high-level top-tier events such as F1. (Securities Times)