1 of 1
Story summary
- BYD is negotiating with Red Bull boss Christian Horner to launch a 12th Formula One team after his non-compete expired on May 8, 2026, following a Cannes meeting with BYD vice-president Stella Li and CEO Wang Chuanfu.
- Valued at $125 billion, BYD seeks a constructor seat to compete with Mercedes and McLaren.
- FIA president Mohammed Ben Sulayem said a Chinese bid would be welcomed, with Formula One raising its electrification to 50% from 2026, matching BYD’s expertise.
