On March 14, sources with inside knowledge of BYD revealed that Li Ke, the company's executive vice president, recently disclosed that BYD is contemplating the prospect of venturing into premier motorsport arenas like F1. However, a definitive decision has yet to be reached. Li Ke pointed out that engaging in the world's foremost motorsport events is in harmony with BYD's enduring technology-centric approach. At present, BYD is still in the process of assessing the viability of entering F1 and endurance racing. Market whispers indicate that BYD is weighing the options of entering F1 either through the acquisition of an existing team or by establishing a brand-new team from the ground up, with a leaning towards the former alternative.
