Ferrari became the fifth team to reveal their car to the world when they took the covers off the F14T on Saturday.
Named by fans after the year and the new turbocharged era, the F14T was presented online from Ferrari's Maranello headquarters.
The new car features the sharp dip of the nose, however, unlike its rivals, Ferrari nose dips in front of the front wheels and not at the very tip. The car also has a 1.6-litre turbocharged V6 engine.
"I think this year the technical challenge is the biggest one we have seen in the last decade in Formula One," said team boss Stefano Domenicali.
"We have a new power train, a new set of regulations that are very interesting. We must take the opportunity to improve the level of performance."
He added: "This season will be very long so it is important to start with a reliable car at the beginning and then keep developing.
"We need to stay focused on the job, we need to do the best job we can because the company has given us everything we need to do a good job."
It has been six years since Ferrari last won a Championship with the Scuderia's last victory coming in the Constructors in 2008. The year prior they won both with Kimi Raikkonen securing the Drivers' title.
This season the Finn is back at Ferrari where he will partner Fernando Alonso in what the team hopes will be a Championship-winning combination.