Ferrari signs up its first Chinese sponsor 31 January, 2013 Ferrari have announced their first Chinese sponsor, a maker of components for heavy industrial vehicles a world away from the glamour of the Italian company’s supercars. Ferrari said in a statement on Thursday that the deal with Weichai Power would run to the end of the 2016 season. China is a major market for Ferrari, who has had a presence there for more than 20 years. The team were overall runners-up in Formula One last season and are the only ones to have competed in every championship since 1950. Ferrari press release: Scuderia Ferrari announces that it has reached a sponsorship agreement with Weichai Power, one of China’s leading manufacturer of heavy powertrain system and machinery vehicles. The agreement will last four years and will expire at the end of the 2016 sporting season. Weichai Power, part of the Weichai Group, is the first Scuderia sponsor to come from China, where Ferrari has had a presence for over twenty years and which has become one of the main markets for Prancing Horse road cars. (Ferrari) Subbed by AJN. Related NewsIs Pat Fry the next one out the Ferrari door?Inside Ferrari: A united team, better able to react quicklyFerrari finally confirm Marmorini departureMcLaren luring Alonso or pissing off Ferrari?Marussia shows Ferrari the way to power boostFerrari deny that Pat Fry has been firedInside Ferrari: Working even harderMattiacci: Alonso is the best driver on the gridRaikkonen: I trust Ferrari, next year things will get betterFerrari: Team showed it could react extremely well fapper LMAO! Forza Ferrari @fapper What you laughing at funny boy? Money is money, it’s great for Ferrari that they got that sponsorship deal, because you can be sure that the amount of money that pours in from there is mindblowing. No little company can be Ferrari’s sponsor, only some lucky big ones. So everything is good. prince This is good news china company involved in motor racing is good for motorsport they have more financial money Jet Set “This is good news china company involved in motor racing is good for motorsport they have more financial money” It’s also a very good thing China is generally oppressing any kind of opposition to their government. It’s great they are imprisoning people at will and have them suffer the rest of their lives without a legal adviser at all. Let’s rot in their prisons, but, hey, they are giving money to the F1… Jet Set “money is money” how conscienceless and unscrupulous can you get, watching main-steam news and listening to false people?