This year, Renault will continue its very proud and long-standing history in Formula 1 into a new decade, our sixth consecutive in the sport. We are in the midst of an interesting period, as we continue to engage within established global markets, while simultaneously developing our brand and its awareness in bigger areas like China and India within the widespread transformation of the automotive industry.
Our commitment to Formula 1 has led to inventive marketing initiatives to increase awareness of, and commitment to, our brand. I look forward in particular to supporting new activations from Groupe Renault and its markets around E-Tech technology, which has been inspired by long-standing Formula 1 innovation. Our presence in the sport is also a unique opportunity for the team's partners and sponsors to build relationships with one of the most important car manufacturers in the world, and for Renault to benefit from their know-how in their respective fields.
2020 is also an important transition year for the team. We aim to recapture the positive momentum from our first three years since returning to Formula 1 while preparing for next season, which will represent a new cycle for all teams. Having completed our initial construction phase, we are more determined than ever to be ready to attack and take advantage of the 2021 technical changes.
2020 is also the last year under the current agreements that govern Formula 1's commercial rights. The new agreements and rules, already in advanced negotiation, should represent a new opportunity for Renault Sport Racing and for Renault to take part in a more balanced, competitive sport.
I have every faith in the teams across Enstone and Viry to challenge once more for fourth in the Constructors' Championship this year, plus ensure the coming era is anticipated successfully for both the team and Renault brand.Source - Renault