Hitech submits application for 2026 F1 entry as it announces new investor

The Silverstone-based squad, which currently races in F2, F3 and F4, announced on Monday that its parent company Hitech Global Holdings Limited had sold a 25% stake to Kazakh businessman Vladimir Kim.

Kim’s main interests are in the mining, banking and aviation sectors, with his Kazakhmys and KAZ Minerals Group’s work in extraction and processing of copper ore making it one of the top 10 copper producers in the world.

Previously Kim’s companies have sponsored…