Formula One, abbreviated to F1, is the highest class of open-wheeled auto racing defined by the Fédération Internationale de l'Automobile (FIA), motorsport's world governing body. The "formula" in the name alludes to a series of rules established by the FIA to which all participants and vehicles are required to conform. Each year, the F1 World Championship season is held, consisting of a series of races, known as , held usually on purpose-built circuits, and in a few cases on closed city streets. Constructors are awarded points based on the finishing position of each of their two drivers at each Grand Prix, and the constructor who accumulates the most points over each championship is crowned that year's World Constructors' Champion. As of the 2022 Abu Dhabi Grand Prix, there have been 171 Formula One constructors who have raced at least one of the 1,079 FIA World Championship races since the first such event, the 1950 British Grand Prix. Constructors are people or corporate entities which design key parts of Formula One cars that have competed or are intended to compete in the FIA World Championship. Since 1981, it has been a requirement that each competitor must have the exclusive rights to the use of certain key parts of their car – in 2018, these parts were the survival cell, the front impact structure, the roll structures and bodywork. Ferrari holds the record for the most Constructors' and Drivers' Championships won with sixteen and fifteen, respectively. Ferrari also holds the record for the most wins by a constructor with , the most pole positions with , the most points with , and the most podiums with . Ferrari has also entered more than any other constructor with entries and also maintains the record for the most Grand Prix starts with . The most recent constructor to make their debut was Alpine, which debuted at the . Terminology In Formula One racing the terms "constructor" and "entrant" have specific and differing meanings. An entrant is the person or corporate entity that registers a car and driver for a race, and is then responsible for preparing and maintaining that car during the race weekend. As a result of this preparation role and active involvement in the running of the race, the term "team" has become commonly applied to an entrant organisation. Statisticians do not always agree on how to count statistics related to these