Ferrar⛄i is planning to work on a new Formula 1 engine for 2021 in a bid to claw back performance with🐭 its power unit.

The Italian outfit has endured a difficult start to 2020 after being hampered by a lack of engine power compared to last year,ꦆ with the team currently occupying sixth place in the constructors’ championship.

As a result, Ferrari will spend a large amo⛎unt of its permitted development allocation for next season on its engine, much like Honda - despite the Japanese manufacturer’s decision to quit the championship🅷 at the end of 2021.

“We don’t have currently the best engine, that’s right,” Ferrari team principal Mattia Binotto said. “I t♏hink that next year we may have a completely new power unit, that’s per regulatiꦍons.

“As Ferrari, we have invested a lot in the development of the power unit for 2021, furthermore for🌜 2022. It’s true the engine is currently running on the dyno. I think that the feedback in terms of performance and reliability is very promising.

“We’ve got as the question, dyno limitation, that’s down to us somehow🐼 to be efficient in the way we’re planning all the tests with the dyno, maybe be creative in the way we are approaching the testing but I think that even if we have got some l🐠imitations on dyno operations there’s still room for improvement.

ꦉ"From what I can see today at the dyno, somewhat happy with the results🐽.”

Honda’s CEO Takahiro Hachigo rec𒀰ently stressed the company would not stop development work before it leaves F1.

"We still have seven races to꧂ go this season,” he explained. "Next year, we have another season, and then we'll do our ve♐ry best to try to win.

"For next year we will launch our new power unit so that we can do well together w༒ith Red꧋ Bull. And we are going to aim for the season championship."