BYD steps up Formula 1 exploration with Monaco meetings

BYD’s Formula 1 interest gathers pace

Chinese automotive giant BYD continued to assess a possible future in Formula 1 during the Monaco Grand Prix weekend, holding senior-level meetings with key figures from both Formula One Management and the FIA.

Christian Horner may also still have a role in the wider picture. Li has previously met the former Red Bull Team Principal to discuss possible F1 opportunities, while Motorsport Week understands Horner was present at last month’s Monaco E-Prix primarily for the "Build Your Dreams" event that week.

A serious project, but not yet a defined entry

BYD’s interest is understood to be taken seriously, but questions remain over how quickly the manufacturer could establish itself in Formula 1 given its lack of motorsport experience. Some senior figures believe the company is still gathering information, while others suggest it could be years away from having the infrastructure needed to launch a full F1 operation.

Li has publicly confirmed BYD’s attraction to Formula 1, describing the championship as a platform built on energy, emotion and culture.

"I think Formula 1, it’s all pure energy, the emotional connection to the people, and then it’s the culture" she said. "For BYD, we are a technology leader."

Speculation has linked BYD with a possible acquisition of an existing team, including the 24 per cent stake in Alpine currently owned by Otro Capital. However, Li indicated the company is not focused only on team ownership.

"We are seeking any opportunity to see if BYD technology can help FIA, can help all other teams." she said. "Second ambition, as BYD, we also need to build a brand here. So this is the scope."

Technology questions shape the next step

BYD’s exploration comes as the FIA considers a future engine direction that could reduce electrification after 2030. Li said BYD is still trying to understand the direction being taken, while stressing that combustion power still demands areas of expertise relevant to the company.

"Even you want to use a combustion engine, you need the best material science, which BYD is very strong," she said.

Formula E may appear a natural fit for BYD’s electric vehicle strategy, but the manufacturer is not currently understood to be evaluating an entry into the all-electric series.

Discussions with Domenicali and Ben Sulayem are expected to continue as BYD weighs its long-term options. Any new FIA Expression of Interest process for prospective F1 entrants is not expected imminently.