When is BYD expected to compete in any sort of real racing, where actual driving skills (as opposed to the ability to mash the pedal to the floor and keep the steering wheel perfectly level for extended periods) matter significantly, and moreover where car performance is determined by many more factors than something that is frankly pedestrian and uninspiring like maxing out horsepower?
Also, if you're still only interested in maximum horsepower and top straight line speed, then funny cars making well over 10,000 horsepower make those 3,000 hp BYDs look anemic and lacking in power. In addition, funny cars exceeded 330 mph top speeds over 20 years ago, it's been ages since 309 mph was anything to write home about.
Lastly, it's not meaningful when you're the only one competing. Bugatti is a complete poser car. It's not even any sort of performance brand with any sort of racing history, because the original Bugatti went out of business almost 60 years ago, and the Bugatti of today is simply a borrowed marque owned by Volkswagen.