BYD (HKG:1211, SHE:002594) is weighing a possible entry into global motorsports, including Formula One and endurance racing, Bloomberg News reported Tuesday, citing people familiar with the matter.

The cost of competing in Formula One could be a major hurdle for the automaker, the report said.

No final decision has been made, and BYD could ultimately decide not to pursue any motorsport competition, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)