MEXICO CITY: Sergio Perez has extended his contract with Cadillac until 2029 with the Mexican and his team announcing the news on Wednesday, ahead of his home grand prix taking place this weekend.

The 36-year-old joined Cadillac this season, the American team's first in F1, a year after being dropped by Red Bull where he had four seasons as teammate to Dutch four-time world champion Max Verstappen.

"Joining Cadillac from day one was a project I truly believed in, and extending my commitment feels like a natural continuation of this chapter," said Perez.

"Building a Formula One team from the ground up takes time, relentless work and patience, but the progress we are making together is incredibly rewarding.