Renault launches its 2017 car

WATCH: Renault reveal the R.S.17 (1:09)

The team say they are aiming for 5th in the constructors' championship in 2017 with the R.S.17 (1:09)

Renault has launched its new car -- the R.S.17 -- at an event in London.

After finishing ninth in last year's constructors' championship, president of Renault Sport Racing Jerome Stoll said the team is targeting fifth place in 2017 with its new car before making further steps up the grid in the following seasons. Nico Hulkenberg joins Jolyon Palmer in the team's new driver line-up.

The car features the distinctive wings and wider track mandated under this year's new regulations and is fitted with Pirelli's new wider tyres. It also features the thumb-like appendage on the nose to meet regulations regarding the height of the tip.

The R.S.17 was designed under technical director Bob Bell and is the first to be developed from the ground up under his leadership since Renault retook control of the team last winter.

The livery features Renault's corporate yellow, but also a large proportion of black bodywork towards the rear.

The team's managing director Cyril Abiteboul said: "For 2017 we are perfectly placed to take the step forward we all desire. The R.S.17 is the result of many long working hours spent over our two integrated locations and the result is a car we can be proud of. We have a strong line-up of personnel at all levels of the team and we're proud to see Nico and Sergey [Sirotkin, reserve driver] join Jolyon in 2017.

"We are joined by a strong group of partners with BP, Castrol, MAPFRE and SMP Racing representing the best pre-season sponsorship acquisition campaign in the paddock. We are the fastest growing F1 team and we now need to prove our performance on track. Our objective is to score points at every round."

The R.S.17 is the third F1 car to break cover this year after Sauber and Williams released images of their cars.