FIA President outlines plans for new F1 team from China

FIA President Mohammed Ben Sulayem announced plans to expand the Formula 1 grid by adding a new team from China, specifically targeting the automotive giant BYD. His comments come amid resistance from existing F1 teams, which have expressed concerns over potential dilution of their franchise values and prize money. Despite this pushback, Ben Sulayem remains firm in his vision and states that BYD is the 'right team' to join F1. The team's entry is seen as a key step in BYD's strategy to penetrate European and Western markets, enhancing its global presence in the automotive sector.

• 10:35 AMYahoo Sports — FIA President Drops Grid Expansion Bombshell—The Next F1 Team “Will Come From China”