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Not content with its sales growth, BYD is now looking to race in F1 alongside Ferrari, Mercedes
Chinese electric-vehicle giant BYD is reportedly exploring an entry into Formula One, a historic move that could potentially expand the grid to 12 teams.
BYD could be the first Chinese team to compete in Formula One, according to a new report, as the electric-vehicle giant has reportedly investigating entry into the top-tier sport.
Bloomberg claims BYD – currently the world’s largest electric-vehicle manufacturer – is evaluating motorsport as a way to accelerate brand recognition as it continues its rapid international expansion, with F1 and the 24 Hours of Le Mans under consideration.
It is unclear whether BYD would enter Formula One as the sport's 12th team or acquire an existing outfit.
Chinese manufacturer BYD reportedly considering major motorsport push
BYD or Build Your Dreams as the initials indicate, is the world’s biggest seller of electric vehicles by volume, and its starting to act in a way that reflects its status. BYD is no flash in the pan in Australia, either. New vehicle sales data at the end of the 2025 calendar year indicated that while legacy brand Nissan had exited the top ten, BYD had rocketed into it, sitting in eighth position. Ahead of Isuzu Ute and MG, BYD is hot on the heels of GWM and Mitsubishi, with only the top five in its sights after that.
It’s an impressive ascent for a brand that hasn’t been in Australia for very long – and a sign that its seriousness about this market is very real. In February this year, VFACTS data indicated that BYD was sitting in sixth place, behind stalwart Hyundai in fifth.
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