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The Lotus F1 team has announced its 2012 challenger will be named the E20 to commemorate the 20th F1 chassis designed at the team's base in Enstone.

Enstone has been the outfit's base since 1992.

The team, previously known as Renault and racing under the Lotus name this year, will unveil the new car on February 5 on its website.

The new E20 will be driven by Kimi Raikkonen and Romain Grosjean.

"Our naming of the chassis to recognise Enstone's importance to the team's evolution highlights our recognition of the contribution of the facility and the personnel who work tirelessly every year to produce the very best car possible," said team boss Eric Boullier.

"We certainly hope that this is the case with the E20 and we are looking forward to revealing the car to the world and seeing it out on track for the first time.

"There are a number of technical changes from last year and we have an exciting new driver line-up to extract the maximum from the E20 through the twenty Grands Prix of the 2012 season, including the 500th race for this team through its different incarnations. We hope that the E20 proves to be a performing Enstone design."