Guanyu Zhou will be the first Chinese driver to race in Formula 1 after signing with the Alfa Romeo Racing team to compete in 2022.
The 22-year-old from Shanghai will replace Antonio Giovinazzi at the Sauber-run team and race alongside the experienced Valtteri Bottas, who will join from Mercedes-AMG.
Zhou currently lies second in the standings in his third season of Formula 2 and, in a dual-campaign year, has won the Formula 3 Asia championship.
He already has experience of Formula 1 from his time as a Renault and Alpine junior, and it's rumoured that he brings a significant package of Chinese sponsorship.
Alfa Romeo team principal Frédéric Vasseur said: "It's a pleasure to welcome Guanyu Zhou to Alfa Romeo Racing. He's a very talented driver, as his results in F2 have shown, and we're looking forward to helping his talent flourish even more in F1.
"We're also looking forward to welcoming all the new Chinese fans who will join the team: Alfa Romeo Racing is a historical brand and one that embodies the spirit of F1, and we will do our utmost to make the experience of our sport a great one in China."
This likely shows that Alfa Romeo is looking to grow its road car brand in China, which is the world's largest market for new cars.
Zhou said: "I dreamt from a young age of climbing as high as I can in a sport that I'm passionate about, and now the dream has come true.
"It's a privilege for me to start my F1 racing career with an iconic team, a team that has introduced so much young talent into F1 in the past.
"To be the first ever Chinese driver in F1 is a breakthrough for Chinese motorsport history. I know a lot of hopes will be resting on me and, as ever, I will take this as motivation to become better and achieve more."
Giovinazzi will depart Alfa Romeo at the end of 2021 after 62 grands prix, leaving F1 without an Italian driver, despite the presence of Alfa Romeo, AlphaTauri and Ferrari.
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F1 is all about the money, not the talent.
I hope they don't claim this is all about diversity.
Given that they want to improve their image and market share in the West it seems odd that no Chinese car manufacturer has an F1 team yet.
The significant comment is about the rum ours of a large (think 'kin enormous) budget. He's a second rater at best. So Alfa have gone for a bloke who can't race - but can qualify - and an under-performing F2 driver. So much for ambition. I hope to be made to eat these words but, sadly, don't expect to.