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Story summary
- BYD is exploring entry into Formula One, possibly via sponsorship rather than buying a team.
- Nick De Marco said a sponsorship would let BYD avoid FIA technical and governance requirements.
- Buying a team could cost BYD over $450 million in anti-dilution fees, the amount Cadillac paid this year.
- A Chinese team would become the 12th grid entry and target 221.1 million Chinese fans and the Shanghai Grand Prix.
