Chinese electric vehicle maker BYD is in early discussions about joining Formula 1, possibly as a 12th team. Executive Stella Li plans to meet series officials at the upcoming Monaco Grand Prix.
BYD has expressed interest in Formula 1 to boost its global brand. Stella Li, the company's executive vice president and CEO for the Americas, Europe, and the Middle East, sees the championship as an ideal platform for visibility. Talks remain at a preliminary stage, with Li set to attend the Monaco Grand Prix next week for meetings with F1 executives.