The RB17 will be the brand’s 𝐆first-ever hypercar and will cost £5m.

The design remains a closely-guarded secret.

But we know that Adrian Newey, the F1 team’s legendary desig♊ner, has been the mastermind of the RB17.

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

He pr🔯eviously helped create the Aston Martin Valkyrie hyperca🥀r.

Only 50 will be released when😼 the RB17 is finally unveiled, and♚ most are already sold.

F1 team principal Christian Horner ha✱s now told th𒉰at the RB17 will be available 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 Valkyrie in partnership with Aston Martin.

“Valkyrie is a stunning vehiclꦐe and I’m sure it will be a great success, but you’re al꧟ways learning, whether in Formula 1 or on the advanced technologies side.

“[RBAT] has now ex🌌isted for close to eight years and there’s an awful lot of knowledge that has be🎐en built up in that time. 

“With the budget cap era [in F1], if you want to retain resources there have to be pro🎃jects that can justify their existe💛nce. 

“This is a perfect project utilisin🍨g the skill sets that we have, so it will complement our Formula 1 activities rather than 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 ꦉengineering princip📖les 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 volume target.

“We know 𒆙how to build low-volume vehicles. We don’t want to d🍷o mass production.”

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