Red Bull have formed their own powertrain company and will continue to race from 2022 with engines using Honda technology, the Formula One team said on Monday.

Honda, who are engine partners to Red Bull Racing and Italy-based sister team AlphaTauri, announced last year they would be leaving the sport as a power unit manufacturer at the end of 2021 to focus on zero-emission technology.

Monday’s announcement comes after Formula One teams and manufacturers agreed last week to “freeze” power unit development from the start of 2022.

The agreement with Honda covers the duration of the freeze, which will run until the sport introduces the next generation of power units in 2025.

“We were understandably disappointed when Honda made the decision to leave the sport as an engine manufacturer...but we are grateful for their support in facilitating this new agreement,” said Red Bull team boss Christian Horner.