According to reports, BYD has accelerated discussions following a meeting with former Red Bull Racing team principal Christian Horner in Cannes. This follows earlier reports suggesting the company has been looking to strengthen its global presence through motorsport.
BYD Vice President Stella Li is reportedly planning further meetings with senior Formula 1 and FIA officials, as the EV manufacturer explores a possible future entry into the sport.
However, discussions are still believed to be in the early stages, and there has been no confirmation that BYD will join Formula 1. It also remains unclear whether the company would develop its own power unit, partner with an existing engine supplier, invest in an existing team, or support the creation of a potential 12th team on the grid.
BYD confirms close contact with F1 amid entry rumours
The Chinese Grand Prix weekend appears to have played a key role in intensifying speculation surrounding BYD’s possible entry into the sport. During the Shanghai race weekend, Li confirmed that she was in “close contact” with Formula One Management and F1 CEO Stefano Domenicali.
“We are always in close contact,” she said. “I like Formula 1 because it’s about passion and culture, and people dream of being in Formula 1.”
Meanwhile, FIA President Mohammed Ben Sulayem has expressed optimism regarding a potential Chinese entry into Formula 1.
“If there is a Chinese [bid], and I will speak on behalf of them [FOM] now in front of you, they will agree to that, because it is about sustaining the business,” Ben Sulayem said.
However, Domenicali has taken a more cautious approach.
“We’ll only evaluate a bid of great significance because I think we’re already at a point with no more room; logistically, we’re at the limit,” the Italian said.
The current Concorde Agreement allows up to 12 teams on the Formula 1 grid, meaning a potential BYD entry remains feasible. That said, considering the long and difficult process faced by Andretti Global and Cadillac in their bid to join the grid, BYD could still face a lengthy road ahead if it decides to seriously pursue a Formula 1 entry.
