The Volkswagen Group will enter the sport, with Porsche and Audi as potential engine providers, as has long been known.
We look at the major talking points and takeaways from the 2020 Austrian GP which saw Max Verstappen claim another win.
Verstappen started from pole position for the third straight race and has also managed to win on three successive weekends.
The 2020 Formula 1 season began unusually in Austria after COVID-19 delays, with Mercedes' Valtteri Bottas winning the race.
Guanyu Zhou will become only the second Chinese driver to get behind the wheel in a Formula 1 practice session.
In Max Verstappen and Red Bull, Lewis Hamilton has a title challenger who has both the car and the speed to match - and even beat - him.
F1 has provided an update on the 2021 race calendar, with new Covid-19 travel restrictions meaning it’s no longer possible to race in Turkey.