Creating a team from scratch or buying an existing one are options being considered.

The Chinese electric vehicle manufacturer BYD is studying the possibility of entering top-level motorsport competitions such as Formula 1 or the FIA World Endurance Championship.

BYD’s interest in joining these championships comes at a time when motorsport is moving toward more complex hybrid systems, an area in which the Chinese manufacturer has developed its own technology for its electric and hybrid vehicles.

A potential entry into Formula 1 would mean the direct participation of a Chinese manufacturer in a championship historically dominated by European and North American teams.

According to a report by Bloomberg, people familiar with the matter say the company is analyzing different ways to participate in these championships, including creating a team from scratch or acquiring an existing one.

Formula 1 introduced new engine regulations this season that increase the share of electric energy in hybrid power units, a reform intended to attract new manufacturers such as Audi, which made its debut in the championship this year.

The Chinese company, which in recent years has rapidly expanded its international sales and is seeking to position itself in the luxury segment as well, has not publicly confirmed the plans mentioned in the report. One of the main obstacles would be the high cost of developing and operating a team, which could reach €430 million per season.

Interest in Formula 1 has also grown in China in recent years. The Chinese Grand Prix returned to the calendar in 2024 after four seasons of absence due to the health restrictions implemented in the country during the pandemic.

Zhou Guanyu, the first Chinese driver in the history of Formula 1 when he debuted in 2022, is currently the reserve driver for Cadillac Formula 1 Team, one of the teams debuting this season.

Source: A Bola.

Translated with AI