BYD has confirmed it is weighing a potential role in Formula 1, with executive vice president Li Ke stating that discussions are ongoing with Formula 1 leadership, IThome reports.

Executive vice president Li Ke confirmed that the company has been in contact with Formula 1 leadership, including a meeting with CEO Stefano Domenicali in Shanghai. However, no formal decision or timeline has been announced.

The situation has also been referenced in our earlier reporting, which noted BYD’s broader interest in F1 as a long-term technical development platform.

Multiple roles under consideration

Li Ke confirmed BYD is considering several possible positions within Formula 1. These include operating as a team entrant, supplying hybrid powertrain components, or participating through sponsorship.

This flexible approach suggests the company is treating Formula 1 less as a branding exercise and more as a potential environment for engineering and systems validation.

A separate CarNewsChina report in March 2026 previously highlighted that BYD’s early internal discussions focused on competitive positioning against established performance manufacturers such as Ferrari and McLaren, although that framing has not been formally confirmed by the company.

2026 regulation shift changes technical relevance

Formula 1’s 2026 regulation cycle significantly increases the electric power contribution within hybrid power units, shifting performance balance further toward energy recovery and deployment systems.

This places greater emphasis on electrified drivetrain architecture, a domain closely aligned with BYD’s core capabilities in battery systems and electric propulsion.

However, the sport’s technical complexity extends beyond battery performance alone, encompassing integrated energy management across multiple subsystems.

Industry context and company scale

Automakers have historically used Formula 1 as a high-cost testing and development environment for advanced propulsion technologies. The incoming rule changes are widely viewed as accelerating the relevance of electrification within the sport’s engineering framework.

BYD remains one of the world’s largest EV manufacturers, with annual sales of approximately 4.6 million vehicles in 2025. The company has also experienced quarterly fluctuations, including 688,939 units delivered in Q1 2026, down 30.5% year-on-year, according to disclosed figures.

Broader performance positioning

Alongside its F1 considerations, BYD is expanding its performance-oriented portfolio. We recently reported on the Formula X (FCB) supercar interior, with production planned for 2027, positioning it as a technology showcase for the brand’s higher-performance engineering direction.

Market positioning remains open-ended

At present, BYD’s involvement in Formula 1 remains at the consideration stage, with no confirmed commitment to team entry or technical supply roles.

The company’s assessment is centred on whether Formula 1’s 2026 hybrid framework aligns with its long-term electrification and performance engineering strategy.

Updated: 28/04/2026 22:33 China time