could strengthen the Chinese team in Formula E

If System E is flawed, it is certain that it has not yet been able to involve the major international players in electric mobility. This stain, however, can be washed away soon with the entry of BYD, a manufacturer that in recent months has been competing for leadership in the electric car market with Tesla and is number two in the world for batteries and Korean market share. The SNE Research Institute puts January at 14.4% with 7.4 GWh installed, 34.4% more than the same month of 2023. The Shenzen giant, which was founded in 1995 mainly as a battery manufacturer, is today a company employing 600 thousand people, sold. more than 3 million cars in 2023, making a profit of 3.84 billion euros and has a capital of 80 billion on the stock market.

His entry into Formula E we’ve been talking about it for a few years now. BYD’s strong advertising presence at the Mexico City E-Prix and the meeting that took place in conjunction with the Sao Paulo circuit between one of BYD’s two vice presidents and Alberto Longo, co-founder and Chief Operating Officer of Formula E indicate that water in the pot is boiling. Against the backdrop of the revival of the electric world championship in the shadow of the Great Wall, there are additional interests to be brought together: Formula E will benefit from having a manufacturer like BYD in its fold; BYD would instead benefit from participating in the world championship that would prove, also in terms of image, its industrial and technological stature in tandem with the expansion of its commercial presence and production in North America and Europe.

On the launch pad There are models and brands like the first YangWang that, along with the U8 large SUV, will have the U9 in its range, a sports car with 4 engines and 960 kW (1,305 hp) and does 0-100 in 2 seconds. Among the methods of participation of BYD there are various concepts ranging from different levels of warranty to entering immediately with its team and powertrain instead of ERT (formerly NIO), passing from the technical and sports cooperation between the two products or by entering step by step. its peak with the team and a pair of cars ready for the first match of the Gen4s.