The RB17 will be the brand’s first-ever hypeไrcar and will co♑st £5m.

The design remains a closely-guarded secret.

But we kn𝓀ow that Adrian Newey, the F1 team’s legendary designer, has been the mastermind of the R💟B17.

The opportunity to 𝕴create a road car was part of the reason Newey opted to remain at Red Bull.

He prev🉐io🎶usly helped create the Aston Martin Valkyrie hypercar.

Only 50 will be released when the RB17 is finally unveil🍬ed, and most are already sold.

F1 team principal Chr📖istian Horner has now told that the RB17 will be a☂vailable in 2024.

Horner told Autocar about the RB17: “Adrian wanted to do a car [for us] back in 2014, and at that point in time, we found a route through that by doing all the design work for the Valk🍬yrie in partnership with Aston Martin.

“Valkyrie is a stunning vehicle an📖d I’m sure it will be a great success, but you’re always learning, whether in Formula 1 or on the advanced t𒁃echnologies side.

“[RBAT] has now existed for close to eight years and there’s an awful lot of knowledge that has been bu😼ilt up in that time. 

“With the budget cap era [in F1], i✱f you want to retain resources there have to🌞 be projects that can justify their existence. 

“This is a perfect project utilising the skill sets that we have, so it will complemen♏t our Formula 1 activities rather th🦹an distract from them.”

Red Bull Advanced Technologies technical director Rob Gray added: “There’s a lot in common between this car and the Formula 1 car in terms of the general engineering principles used to design it. Most of this car, the core, we are capable of building in-house. That’s why we have such a low vol🎃ume target.

“We know ho🌠w to build low-volume vehicles. We don’t want to do mass production.”

He confirmed the RB17 will possess 150bhp, and added: “We want to use the hybrid to complement the internal combustion eng꧙ine, rather than dominate it.”