KC Motorsport Group has been active in Formula 3 and recently received their Morgan chassis for their Asian Le Mans Series entry. Paul Ip's team has received an entry for the 2013 24 Hours of Le Mans.
Feb.13 (GMM) F1 could soon have a Chinese Formula One team.
Headed by Paul Ip, the outfit this week took delivery of its Morgan chassis for the LMP2 class, which will be driven by Shanghai-based Swiss driver Alexandre Imperatori.
"I started KC Motorgroup with one ambitious goal in mind -- be the first Formula One team in China," said Ip.
KCMG with driver Imperatori and Toda Racing also contested F3 events in past years.