Formula One World Drivers' Championship was not formalised until 1947. The first world championship race was held at Silverstone, United Kingdom in 1950. A championship for constructors followed in 1958. National championships existed in South Africa and the UK in the 1960s and 1970s. Non-championship Formula One events were held for many years, but due to the increasing cost of competition, the last of these occurred in 1983. On 26 November 2017, Formula One unveiled its new logo, following the 2017 season finale in Abu Dhabi during the Abu Dhabi Grand Prix at Yas Marina Circuit. The new logo replaced F1's iconic
Shanghai International Circuit Shanghai International Circuit The Shanghai International Circuit () is a motorsport race track, situated in the Jiading District, Shanghai. The circuit is best known as the venue for the annual Formula 1 Chinese Grand Prix which has been hosted since 2004. Shanghai International Circuit is a no-expense-spared facility, conceived by the Shanghai authorities as a way to showcase the city to the world. A 5.3 sq km site was chosen in the Jiading District in the north west of the city, close to major car parts manufacturing facilities and a budget of 2.6 billion yuan ($450 million) raised though a