Formula 1 2025 season launch set to be held at London's O2 Arena

Formula 1 said in a statement on Tuesday that tickets would go on sale on November 15th priced between 58 to 113 pounds ($74 to $144).

The two-hour extravaganza, with additional entertainment, will also be broadcast live.

"For the first time we will bring together our fans, all 20 superstars of our sport and some very special guests to officially kick off our new season and mark our 75th year of racing," said F1 chief executive Stefano Domenicali.

The 10 teams usually hold individual launches - some virtual - for their new car liveries, with sponsors and media invited to their factories or other venues as well as increasingly some fans.

Ferrari, the only team to have been in the championship since the beginning, typically reveal their new car in Italy but 2025 will be their first season with Britain's seven-time world champion Lewis Hamilton.

The season is also the last under the current engine rules, with driver moves the major changes - including Hamilton's from Mercedes.

There will also be at least four young rookies on the grid - Britain's Oliver Bearman at Haas, Italian Kimi Antonelli at Mercedes, Australian Jack Doohan at Alpine and Brazilian Gabriel Bortoleto at Sauber.