The decision comes after a disappointing 2024 season for the Mexican driver, who failed to win a single race and struggled to match the pace of his teammate Max Verstappen.
Perez, who joined Red Bull in 2021, had previously been considered a key part of the team’s championship-winning strategy. However, his recent performances have not met the team’s expectations, leading to the early termination of his contract.
Red Bull has yet to announce a replacement for Perez.
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