In 2022, Red Bull Advanced Technologies (RBAT) announced the development of a new hypercar, the RB17. RBAT is the commercial technology arm for the Oracle Red Bull Racing Formula 1 team — akin to Williams Advanced Engineering, it's a place to market technologies developed for F1 and to employ engineers cut from the F1 team when the sport introduced a cost cap. The track-only car's rough specs in the announcement were a twin-turbocharged V8 hybrid powertrain making 1,250 horsepower, bodywork incorporating every useful F1 performance aid both legal and banned, a price of five million pounds ($6.4M U.S.) plus taxes and options, and a market launch in 2025. Evo magazine, via an interview Red Bull team principal Christian Horner gave to Sky Sports, revealed the debut's been pushed up to this year instead of 2025 and provided a few more details on what's inbound.