BYD eyes Formula 1 entry
Chinese EV maker BYD is exploring a move into Formula 1, potentially becoming the first Chinese works team in the championship.
BYD's potential entry aligns with F1's shift towards hybrid engines, making it a natural fit for the EV giant. The 2026 season introduces new power unit regulations, increasing the electric motor's output to roughly 50% of the total power. This hybrid emphasis attracted Audi and Cadillac to F1. BYD is considering building a team from scratch or acquiring an existing one. Acquiring a team could provide a quicker entry, avoiding the lengthy and expensive process of building one. Alpine, owned by Renault, emerges as a possible acquisition target. The move would significantly boost BYD's brand recognition globally, particularly in markets like Europe and the US where it seeks further expansion. BYD aims to increase its overseas sales and compete with established brands. The company's sales in Europe have already seen substantial growth. FIA President Mohammed Ben Sulayem has publicly welcomed the idea of a Chinese manufacturer in F1. He stated that having a Chinese manufacturer would be the next step following Cadillac's arrival. However, existing teams might resist a new entrant due to the dilution of prize money.
