In 2001, Asiatech supplied their V10 engines to the Arrows Formula One team free of charge. However, these were largely unsuccessful and the following year Arrows decided to pay and have Cosworth engines instead.
For 2002, Asiatech were left to supply engines to the Minardi F1 Team. But again these were rather unsuccessful.
During the 2002 season, Asiatech began considering the possibility of starting their own Formula One team, and purchased a former Williams design office in Didcot. They also enlisted the help of Enrique Scalabroni, who designed a protoype F1 car. The car was to be firstly a testbed for Asiatech engines, then subsequently entered in the 2004 season. However, Asiatech folded at the end of the 2002 season.
In May 2002, there were reports that for the 2003 season Asiatech could supply Jordan with engines, or even buy the team out. These came after Honda decided to concentrate their engine efforts on the BAR team, and announced they would be withdrawing supply from Eddie Jordan's team at the end of the 2002 season.
In February 2003, the assets of the Asiatech engine company were sold in an auction in Paris, overseen by Jacques Martin and Gilles Chausselat. Included in the Auction were 18 engines, a dyno, a variety of machine tools, plus electronic measuring equipment amongst other things.
|Arrows A22||Asiatech V10||AUS||MAL||BRA||SMR||ESP||AUT||MON||CAN||EUR||FRA||GBR||GER||HUN||BEL||ITA||USA||JPN||1||10th|
|2002||Minardi PS02||Asiatech AT02 V10||AUS||MAL||BRA||SMR||ESP||AUT||MON||CAN||EUR||GBR||FRA||GER||HUN||BEL||ITA||USA||JPN||2||9th|