The Fang Cheng Bao Formula S electric sedan starts at 189,900 yuan ($28,080) in China. Credit: Fang Cheng Bao)
- The Formula S series starts at 189,900 yuan ($28,080), marking Fang Cheng Bao’s entry into the sedan market.
- The Formula S and Formula S GT offer maximum CLTC ranges of 900 km and 850 km, respectively, with flash charging standard across the lineup.
BYD’s (HKEX: 1211) personalization-focused brand Fang Cheng Bao has launched its Formula S series, entering China’s fiercely competitive electric sedan market at prices below its earlier pre-sales range.
The brand launched the Formula S sedan and Formula S GT shooting brake on Wednesday, with the series starting at 189,900 yuan ($28,080).
The Formula S offers 5 variants priced from 189,900 to 229,900 yuan, while the Formula S GT comes in 4 variants priced from 219,900 to 239,900 yuan.
Pre-orders for both models opened on August 20 at an announced price range of 230,000 to 280,000 yuan. The series’ official starting price is 40,100 yuan, or about 17.4%, below the lower end of that range.
The Formula S series is Fang Cheng Bao’s third product line, following the rugged off-road Bao series and the urban-focused Tai series. It will broaden the customer base of the SUV-focused brand.
Fang Cheng Bao Formula S:
The new models will compete in the electric sedan market alongside the Xiaomi (HKEX: 1810) SU7 and Tesla (NASDAQ: TSLA) Model 3, seeking to attract buyers with long range, fast charging and a choice of chassis systems.
The entry-level rear-wheel-drive Formula S costs 189,900 yuan and features a 76.744 kWh battery, a CLTC range of 730 km and DiSus-C suspension.
The long-range rear-wheel-drive version costs 209,900 yuan, with battery capacity rising to 92.093 kWh and CLTC range reaching 900 km. Buyers can choose between DiSus-A and DiSus-M versions.
The all-wheel-drive Formula S costs 229,900 yuan and offers a CLTC range of 750 km, also with a choice of DiSus-A or DiSus-M.
All Formula S GT variants feature a 92.093 kWh battery. Rear-wheel-drive versions offer a CLTC range of 850 km, while all-wheel-drive versions deliver 730 km. Both drivetrain options are available with DiSus-A or DiSus-M.
Fang Cheng Bao Formula S GT:
The Formula S series marks the debut of the DiSus-M intelligent magnetorheological suspension system. It uses magnetorheological fluid to adjust damping within milliseconds, balancing handling response with everyday comfort.
DiSus-A versions instead use dual-chamber air suspension and variable-damping shock absorbers. DiSus-A and DiSus-M variants with the same power output and range are priced identically, giving buyers a choice of chassis systems.
Both models come standard with BYD’s second-generation Blade Battery and flash charging, taking 5 minutes to charge from 10% to 70% and 9 minutes from 10% to 97%.
Rear-wheel-drive Formula S variants deliver peak power of 245 kW or 300 kW, while the rear-wheel-drive Formula S GT produces 300 kW. All-wheel-drive versions of both models have a combined output of 490 kW.
The Formula S series also features the LiDAR-equipped God’s Eye B driver-assistance system, supporting urban and highway navigation assistance as well as automated parking.
Both models are positioned in the mid-to-large-size segment and share a 2,960 mm wheelbase. The Formula S measures 5,060 mm in length, while the Formula S GT is 5,025 mm long and features a different rear design.
Fang Cheng Bao’s previously announced Formula S family also includes the Formula SL. This launch covers only the Formula S and Formula S GT.
The new product line arrives as Fang Cheng Bao’s sales grow rapidly. The brand sold 41,568 vehicles in August, up 155.57% year-on-year, according to data compiled by CnEVPost.
Fang Cheng Bao sold 242,255 vehicles in the first 8 months of this year, up 165.66% year-on-year, already exceeding its full-year 2025 total of 234,637.
Fang Cheng Bao Monthly Sales 2024-2026
Month
2024
2025
2026
January
5,203
6,219
21,581
February
2,310
4,942
17,036
March
3,550
8,051
25,926
April
2,110
10,039
29,138
May
2,430
12,592
30,186
June
2,680
18,903
35,607
July
1,842
14,180
41,213
August
4,876
16,265
41,568
September
5,422
24,121
October
6,026
31,052
November
8,521
37,405
December
11,418
50,868
Fang Cheng Bao monthly sales
2024
2025
2026
The 6-seat plug-in hybrid SUV measures 5,270 mm in length, making it Fang Cheng Bao’s largest model.
($1 = 6.7628 yuan)
