BYD is thrilled: its new electric car with 900 km of range and a price under 30,000 € is selling like hotcakes at dealerships.
02/10/2026 16:00
Updated to
02/10/2026 16:00
When a brand launches a product and the sales figures exceed expectations, it is usually a good sign that their approach was successful. This is exactly what is happening with BYD’s Fang Cheng Bao Formula S lineup, which includes the liftback Formula S and the family-oriented sports car Formula S GT, both of which have just begun selling in China. The Shenzhen-based company has revealed that the launch has performed far better than anticipated.
According to company officials, combined sales of the Formula S and Formula S GT could exceed 10,000 units per month, with the potential to reach up to 15,000 cars monthly. This is a significant figure for a range launched recently by a brand that has previously focused mainly on SUVs. Fang Cheng Bao is the youngest of BYD’s brands, yet its youth has not prevented it from selling over 500,000 units in less than 3 years of existence.
Prices start at 24,687 euros, with magnetorheological suspension on higher trims
The Fang Cheng Bao Formula S liftback costs between 189,900 and 229,900 yuan, which is approximately 24,687 to 29,887 euros at current exchange rates. The slightly more expensive Formula S GT ranges from 219,900 to 239,900 yuan, equivalent to 28,587 to 31,187 euros. The higher-end versions of both models come equipped with the DiSus-M magnetorheological suspension system, which uses a special fluid that can change its stiffness by adjusting the magnetic field inside the shock absorber.
The Formula S liftback: 329 to 657 horsepower depending on the version
The Formula S is 5,060 mm long, 1,967 mm wide, and 1,483 mm high, with a wheelbase of 2,960 mm. Its base model features a battery of 76.744 kWh paired with an electric motor producing 245 kW (333 hp), offering a range of 720 kilometers under CLTC testing, which is equivalent to 612 kilometers under WLTP standards. The long-range version uses an LFP battery of 92.093 kWh and a motor with 300 kW (408 hp), delivering a range of 830 to 900 kilometers under CLTC conditions and 706 to 765 kilometers under WLTP, depending on the configuration. There is also a dual-motor all-wheel-drive version with 490 kW (666 hp).
The Formula S GT boasts a range of up to 850 kilometers in rear-wheel-drive mode
The Formula S GT, the family-oriented sports car in this range, measures 5,025 mm in length, 1,967 mm in width, and 1,483 mm in height. It comes standard with a 92.093 kWh LFP battery. The rear-wheel-drive version equipped with a 300 kW engine offers a range of 800 to 850 kilometers under CLTC conditions, while the all-wheel-drive variant with a 490 kW engine achieves up to 730 kilometers on a single charge. Both models in the Formula S range are compatible with BYD’s ultra-fast charging technology, which can charge the battery from 10% to 97% in nine minutes.
The Ti 7 remains the best-selling model of the brand
According to official data, the Fang Cheng Bao brand delivered 32,797 units in China in August 2026. Its best-selling model remains the Ti 7 crossover, which sold 23,471 units that same month. The Ti 7 is marketed outside China as the BYD Ti 7, and it’s possible that the Formula S and Formula S GT will also reach international markets under the Denza brand.
A plan for 6,000 fast chargers outside China
During the shareholder meeting, BYD also detailed its charging infrastructure plan. The company intends to build 6,000 Flash Charging chargers outside China, 3,000 of them in Europe, integrating them with its energy storage and solar business. Domestically, BYD aims to deploy 20,000 fast chargers across the country by the end of the year.
