Formula E CEO says talks with Chinese EV giant BYD continue despite F1 links

Formula E CEO Jeff Dodds confirms the electric racing series maintains regular dialogue with Chinese automotive giant BYD, even as reports surface that the world's leading EV maker is exploring a potential entry into Formula 1. Dodds expressed skepticism about the F1 rumors but emphasized the ongoing partnership discussions with BYD, whose executives have been visible at both Formula E and F1 events.

Why it matters:

The potential interest from BYD, which recently overtook Tesla as the top global seller of electric vehicles, represents a major inflection point for motorsport's commercial landscape. Its choice between the all-electric Formula E and the hybrid-powered Formula 1 would signal where one of the industry's most powerful brands sees the future of automotive marketing and technology relevance, with significant financial and strategic implications for both championships.

The Details:

• Despite not being a current team, BYD has maintained a visible presence in Formula E, including major branding activations at events like January's Mexico City E-Prix.
• Concurrently, BYD Vice President Stella Li was spotted at this month's F1 Chinese Grand Prix and last year's Abu Dhabi GP, fueling speculation about its motorsport ambitions.
• The High Cost of F1 Entry: For BYD to join F1 as a new 12th team, the estimated anti-dilution fee is a staggering £370 million, a figure noted as a potential stumbling block. The alternative would be a technical partnership with an existing team, similar to Toyota's role with Haas.
• CEO's Skeptical Take: Dodds cast doubt on the veracity of the F1 reports, suggesting they may have been overblown. "I believe a fraction of what I often read in the press," he said, noting the logical contradiction of an all-electric brand joining a hybrid series.
• Ongoing Formula E Dialogue: Dodds revealed that his team was in contact with BYD as recently as last week, describing the relationship as "long and good" and confirming that exploratory talks about a Formula E future are continuing.

What's Next:

The coming months will reveal whether BYD's paddock appearances translate into a formal commitment. While FIA President Mohammed Ben Sulayem has openly desired a Chinese brand in F1, the financial and philosophical hurdles for an EV-only manufacturer are substantial. Formula E, aligning directly with BYD's core business, appears the more natural fit, but the allure of F1's global platform remains powerful. The decision will ultimately hinge on where BYD believes it can best leverage its brand and technology on the world stage.