Earlier this year, Perez secured a new contract to race for the team until the end of 2026. After his best season in 2023, where he finished second behind his teammate and champion, Max Verstappen.

But, after signing that contract, his performance declined, and he only accumulated nine points in the last eight Grand Prix weekends of the 2024 season

Despite the challenges, Perez was determined to continue racing for the team next year. Nevertheless, after discussions with Red Bull, they have agreed to part ways after four successful years together.