BYD and Geely have both approached the FIA about entering Formula 1, the sport’s governing body confirmed. FIA president Mohammed Ben Sulayem named the two Chinese automakers while speaking at the New Economy Forum in Madrid, as first reported by Grande Prêmio.
But there’s no open process for a 12th team, and neither company has a deal. The FIA is also pushing F1 toward the kind of engine an EV maker has the least reason to build.
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