BYD has officially commenced customer deliveries of its new Fang Cheng Bao Formula S electric liftback in China. The vehicle, which was launched for domestic sales on September 16, reached its first owners within 12 days. The model is positioned as a direct competitor to the Xiaomi SU7.
The liftback is available in several configurations. The base model features a 76.744 kWh LFP battery and a 245 kW motor, providing a range of 720 km CLTC. The long-range version uses a 92.093 kWh battery and a 300 kW motor, offering a range between 830 and 900 km CLTC. A dual-motor AWD variant with 490 kW is also available.
Key technical highlights include the DiPilot 300 assisted driving system with LiDAR, an electromagnetic suspension, and a fast-charging capability that allows the battery to charge from 10% to 97% in nine minutes. The vehicle measures 5060 mm in length and has a wheelbase of 2,960 mm.
The pricing for the Formula S ranges from ¥189 900 to ¥229 900, which is equivalent to approximately $28 290 to $34 245. While currently sold under the Fang Cheng Bao brand, the model may potentially enter international markets under the Denza brand in the future.
In August 2026, the Fang Cheng Bao brand recorded 32 797 total deliveries in China. The brand's current sales leader is the Ti 7 crossover, which accounted for 23 471 units during that period. The Formula S interior includes a large touchscreen, a head-up display, and a zero-gravity passenger seat mode.
