BYD Explores Formula 1 Entry, Potentially Joining Audi and Cadillac on the Grid

Chinese electric vehicle giant BYD is considering a foray into Formula 1, adding to the growing list of automotive manufacturers investing in the sport. The potential entry comes as F1 prepares for significant regulatory changes in 2026 and seeks to expand its global footprint, particularly in the Chinese market.

Growing Manufacturer Interest in Formula 1

BYD’s exploration of F1 follows recent commitments from Audi and Cadillac, both of which are set to join the grid in the coming years. These entries are largely driven by the 2026 regulations, which, despite some controversy among drivers, have proven attractive to major automakers according to Autoracing1.

BYD’s Options and Considerations

Bloomberg first reported that BYD is evaluating several options, including building a team from scratch or acquiring an existing one. The company is motivated by a desire to enhance its brand recognition globally and capitalize on the increasing shift towards hybrid engine technology in motorsport. However, the financial implications are substantial; Cadillac reportedly paid around $450 million for an anti-dilution fee to join the grid this year as reported by NewsonF1. The current Concorde Agreement, which runs through 2030, does allow for the possibility of a 12th team.

FIA’s Desire for a Chinese Manufacturer

FIA President Mohammed Ben Sulayem has publicly expressed his ambition to attract a Chinese manufacturer to Formula 1. He stated to French outlet Le Figaro that welcoming a Chinese manufacturer is the next logical step after securing General Motors (Cadillac) and highlighted the presence of Chinese driver Guanyu Zhou as NewsonF1 details.

BYD’s Global Expansion and Market Position

BYD recently surpassed Tesla as the world’s leading provider of electric vehicles and is aggressively expanding into key automotive markets in Europe and Latin America as noted by Autoblog. A Formula 1 entry could further boost brand awareness, particularly in the United States, where the sport has gained significant popularity thanks to the Netflix documentary “Drive to Survive.” However, BYD currently does not sell cars in the USA due to tariffs and market restrictions.

Beyond Formula 1: Endurance Racing

BYD is also considering entry into the World Endurance Championship, including the prestigious 24 Hours of Le Mans, alongside its exploration of Formula 1.

No Official Confirmation

As of March 11, 2026, BYD has not issued an official comment regarding these plans. A spokesperson for BYD Auto Company Limited has not yet commented on the speculation according to NewsonF1.