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 in the run up to the corner. Turn 16 is the last corner – a fourth-gear left-hander which requires a quick tap on the brakes – braking early can be more effective as you can then carry more speed through the corner and then down the pit straight. The total length of the circuit is 5.451 km (3.387 mi), which is about average for a Formula One circuit. Michael Schumacher's lap record at the circuit was broken after 13 years in 2017 by Mercedes-AMG driver Lewis Hamilton, who completed one lap of the circuit in 1:31.678. Hamilton's record was broken