CONCORD, N.C. - In a move that will continue one of the longest-tenured driver, team, and sponsorship combinations in NASCAR history, Hendrick Motorsports announced that seven-time champion Jimmie Johnson and Lowe's have signed extensions with the team.

Johnson, whose 83 career NASCAR Cup Series wins is good enough to tie him with Cale Yarborough for sixth all-time, will remain behind the wheel of HMS' No. 48 entry through the 2020 season. The 41-year-old earned a record-tying seventh championship in 2016, tying, matching NASCAR Hall of Fame drivers Dale Earnhardt and Richard Petty.

Team officials said Lowe's will continue its full-season primary sponsorship through 2018 on the No. 48 Chevrolet.

"My relationship with Lowe's, Hendrick Motorsports and all of my teammates means so much to me," Johnson said in a team press release. "I remember hoping to just win one race. Winning seven championships and 83 races was inconceivable, and now we have the opportunity to do even more together. It says a lot to have one sponsor, one crew chief and one team for so long. I couldn't be more proud to represent everyone at Lowe's and Hendrick Motorsports, and I continue to be as grateful for the opportunity as I was when we started."

Johnson made his Cup Series debut in the fall of 2001 with Hendrick Motorsports and Lowe's. The home improvement giant has been the primary sponsor for each of his 557 starts in NASCAR's top series.

"Jimmie is one of the best to ever drive," said Hendrick Motorsports owner Rick Hendrick. "We're so fortunate to have him as a part of our organization, and I feel even luckier to call him a friend. He's a great champion, a terrific advocate for Lowe's and a true ambassador for NASCAR. There's no better person, and he's as good in the race car today as he's ever been."

In 14 starts in 2017, Johnson has three wins, three top fives and five top-10 finishes. He currently sits seventh in the championship standings and has the second-most playoff points among competitors with 15.