Hitech Announces New Investment and Ownership
As the team marks a decade of racing
Hitech today confirmed that a new investor has taken a shareholding position in Hitech Grand Prix Limited, HiDAT Limited and Hitech Global Holdings Limited.
In the team’s tenth season of racing, the transaction by Mr Liu Guo Cai, marks the beginning of an exciting new chapter, accelerating Hitech’s long-term growth and supporting its further expansion into new championships.
Oliver Oakes will continue to lead the operation and remains Team Principal, ensuring continuity in leadership and direction.
Hitech has been at the forefront of single-seater racing since its inception in 2016. With the backing of its new shareholder, Hitech is positioned to broaden its presence on motorsport’s international stage and deliver on its ambitions for the next decade and beyond.
Mr Liu’s main holdings are predominantly in the chemical industry. Mr Liu’s operations in China will be able to provide a focal point for supporting emerging Chinese talent and growing motorsport in the country, with plans for a future Hitech presence in the region in the coming years.
Oliver Oakes, Team Principal, Hitech Grand Prix Limited:
“As Hitech nears the conclusion of a successful tenth season of racing, this transition represents both stability and forward momentum. Mr Liu’s investment provides the resources and strategic support to realise our ambitions for the next decade, while maintaining the values, heritage, and culture that have defined us over the past ten years.”
Mr Liu Guo Cai:
“I am delighted to join forces with Oliver at this significant stage in Hitech’s growth and development and I look forward to working collaboratively in the years ahead. The company’s strong foundation, reputation, and performance on and off the track, over its first decade provide an excellent platform for long-term growth and further expansion into new motorsport categories.”
This investment strengthens Hitech’s ongoing commitment to nurturing emerging talent and supporting drivers as they progress through the junior ranks and towards the pinnacle of the sport.
