Frank Yu founded Craft Racing in 2009, and for five years, it was a front-running team in Asian Championships. Bamboo Engineering was formed in July 2009 in Silverstone after team director Richard Coleman departed from Tempus Sport. Before the merger, Bamboo Engineering competed in the British Touring Car Championship, the European Touring Car Cup, and the GP3 Series. In 2013, Bamboo Engineering finished third in the World Touring Car Championship (WTCC) drivers' standings with James Nash.
Bamboo Engineering entered the WTCC in 2010, initially with Harry Vaulkhard and Darryl O'Young driving Chevrolet Lacetti cars. Vaulkhard secured the team's maiden WTCC Independents victory at the 2010 FIA WTCC Race of Italy. O'Young achieved the first victory for a Chinese driver in an FIA event at the 2010 FIA WTCC Race of Portugal. The team switched to the Chevrolet Cruze 1.6T for the 2011 FIA WTCC Race of Belgium. In 2012, Bamboo Engineering partnered with RML Group to run the same specification of car as the factory Chevrolet team, signing Alex MacDowall and Pasquale di Sabatino. MacDowall took his first WTCC independent victory at the Race of Austria. In 2013, James Nash and Alex MacDowall joined the team, with Nash securing Bamboo's first overall WTCC victory at the Race of Austria and a second victory in Portugal. Nash and MacDowall shared 12 independent race wins in 2013, with Nash sealing the independent crown and finishing third in the World Championship. After a sabbatical in 2014, the team returned to the WTCC in 2015 with Gregoire Demoustier in a Chevrolet Cruze TC1.
In 2015, Craft-Bamboo Racing also entered the new TCR International Series, running TC3 specification Seat Leon cars in partnership with Lukoil. Drivers included former WTCC race winners Pepe Oriola and Jordi Gene, alongside Sergey Afanasyev. Oriola and Afanasyev secured a double podium at the inaugural race in Malaysia, followed by a victory for Gene in Race 2. The team achieved a 1-2-3 finish in Spain with Oriola, Afanasyev, and Gene. Oriola further closed the championship gap with a double podium at the Red Bull Ring and a win and a third in Thailand, including the team's second 1-2-3 of the season. Gene also remained in the title hunt after his third victory of the season in Singapore. Craft-Bamboo also announced its entry into the inaugural 2015 TCR Asia Series.
Craft-Bamboo Racing has maintained a significant presence in GT racing. In 2014, as part of its link-up with Craft Racing, the team took over the entry of two Aston Martin Vantage GT3 cars in the GT Asia Championship, receiving technical support from Aston Martin Racing. The #97 car, driven by Frank Yu and partners like Warren Luff and Stefan Mucke, secured a win in Malaysia. In 2015, Darryl O'Young and Jonathan Venter in the #99 Aston Martin took a race victory in Korea. After Venter's injury, Daniel Lloyd replaced him, taking a podium at the 12 Hours of Sepang and a double victory in Shanghai, leading to O'Young sealing the drivers' title for Craft-Bamboo Racing with a victory in Thailand.
In 2014, Craft-Bamboo also entered the Asian Le Mans Series in the CN category with a Ligier Morgan-Judd. The squad achieved a perfect season, taking class pole, victory, and fastest lap at each of the four rounds, and was crowned Champions. Full-season driver Kevin Tse also secured the drivers' title.
In early 2016, Craft-Bamboo Racing partnered with Porsche Motorsport, becoming its Official Technical Partner in the Asia-Pacific region. The team competed with the new Porsche 911 GT3 R in the 2016 GT Asia Series, the FIA GT World Cup at the Macau Grand Prix, and the Sepang 12 Hour. In 2017, the team entered the inaugural season of the Blancpain GT Series Asia (now GT World Challenge Asia) with Porsche 911 GT3 Rs and a Cayman GT4 Clubsport MR, winning the GT4 Class Championship. In 2018, Craft-Bamboo Racing entered the Bathurst 12 Hour with an all-Porsche factory driver line-up, including Kevin Estre, Laurens Vanthoor, and Earl Bamber, finishing fifth. The team also competed in the 2018 Suzuka 10 Hours.
At the end of 2018, Craft-Bamboo Racing announced a new long-term partnership with Mercedes-AMG, switching to Mercedes-AMG GT3 and Mercedes-AMG GT4 machinery. This partnership included competing in selected Intercontinental GT Challenge rounds and the Macau FIA GT World Cup. For the 2019 season, Craft-Bamboo achieved fifth in the GT3 Team championship and third in the GT3 Team championship. From 2019 to 2020, Craft-Bamboo partnered with Black Falcon Racing for the Bathurst 12 Hour, with their best result being fifth in 2020. The team also entered the 2019 Suzuka 10 Hours with Yelmer Buurman, Maximilian Götz, and Luca Stolz.
In 2015, Craft-Bamboo competed in the inaugural FIA GT World Cup with three Aston Martin Vantage GT3 cars as Aston Martin's representative. Stefan Mucke won the qualifying race but received a penalty, eventually finishing third in the main feature race. Darryl O'Young finished fifth. In 2016, O'Young's #99 VLT Porsche was struck by Edoardo Mortara in the qualification race, leading to unrepairable damage. In 2017, Laurens Vanthoor's #911 EVISU Porsche was involved in a major pileup, ending his race. O'Young's #991 VLT Porsche suffered a damaged radiator but was repaired, allowing him to finish sixth in the qualification race. However, in the main race, O'Young was hit from behind by Nico Muller and forced to retire. Craft-Bamboo Racing entered the 2018 FIA GT World Cup with Mathieu Jaminet and Darryl O'Young. In 2019, Mercedes-AMG Team Craft-Bamboo Racing saw Edoardo Mortara fight from 14th on the grid to finish sixth, despite his car being damaged in the qualification race. Macau debutant Alessio Picariello ran as high as sixth in the main race before retiring due to contact with the wall.
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