Latifi was subject to a flurry of hate messages and death threats on social media after his crash the final race of 2021.
This is the first Williams F1 car to be built under Capito's direction, who has been hard at work rebuilding the team.
Williams will be showing off their new car for the first time on February 15. And they uploaded a video of their two drivers discussing the new livery.
In 2021, Williams had its best season since 2017, finishing eighth in the Constructors' Championship with 23 points.
Williams boss Jost Capito believes George Russell's demanding nature will help him succeed at Mercedes alongside Lewis Hamilton.
Latifi crashed with five laps remaining, resulting in the safety car, with the race then restarted with just one lap to go where the title was decided.
Verstappen won his first ever world title after a safety car right at the end of the race saw him and Hamilton race wheel to wheel in the last lap.
Nicholas Latifi said he is ready to become team leader at Williams, and now the team’s CEO Jost Capito has backed his driver up.
Russell is a product of Mercedes’ youth system and Toto Wolff has been full of praise for the youngster for a few years now.
The Hungarian GP - the final Formula 1 race before the summer break - simply added to the drama of the championship battle.