After a 50-year break, Ferrari is returning to endurance racing’s elite class in 2023, with the new Ferrari 499P Hypercar. It will compete in the Le Mans 24 Hours and World Endurance Championship in 2023.

"The 499 P sees us embark on a path of innovation and development faithful to our tradition," Ferrari president John Elkann said.

The 499P's predominantly red livery with yellow trimming is reminiscent of the Ferraris entered in their last iteration of sports car racing.

The 499P name follows a naming tradition that dates back to the earliest Ferraris, mixing the cubic centimetre capacity of one cylinder of the car's three-litre V6 twin-turbo powerplant, along with the 'P' for prototype.

WEC's decision to open its top category up to hypercars has attracted back a number of big manufacturers, with Peugeot, Porsche and Cadillac all joining Ferrari next year.

Ferrari's 499P will be four-wheel drive, with a twin-turbo-charged V6 engine and an electric power unit delivering 500kW of power.