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The Briton and teammate Valtteri Bottas responded to the 'new normal' resulting from the COVID-19 pandemic by finishing one-two in both free practice sessions on the latest start to a campaign.
Mercedes have traditionally raced in silver throughout their time in Formula One but will switch to black and have 'End Racism' emblazoned on the halo of both cars.
China was meant to host the fourth round of the season on April 19 but the race was called off due to the coronavirus epidemic in the country. Organisers have said they will try to reschedule the race.
The 22-year-old Dutchman could prove Hamilton's closest challenger this year, following Red Bull's strong finish to the end of last season.
The announcement on Tuesday leaves two of the top three teams with young driver talent secure for the long-term, with Ferrari announcing in December that Charles Leclerc was staying to 2024.
Lewis Hamilton is now only seven wins short of Michael Schumacher's all-time record of 91.
Verstappen won a thrilling Brazilian Grand Prix for Red Bull on Sunday after the Ferraris collided and Mercedes' six-times world champion Lewis Hamilton was demoted from third to seventh.
The 34-year-old Briton finished second at the Circuit of the Americas to become only the second driver after retired Ferrari great and seven-times champion Michael Schumacher to win six titles.
Hamilton's 10th win of the season and 83rd of his career was also a 100th for Mercedes as a constructor.
The result also left only Bottas capable of challenging Hamilton, who saw his lead narrow to 64 points, in the overall standings.