The SF1000 name comes from the fact that Ferrari will take part in their 1000th race in Formula 1 in 2020.
"Ferrari is proud of Italy. We are proud to represent Italy in the world," said Ferrari chairman John Elkann. "The Ferrari SF1000 is called this because in this world championship, Ferrari will run its 1000th Grand Prix, and if you look at the 70 years of Formula One, Ferrari has been a part of it since the beginning.
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