Automotive
BYD launches lower-cost Formula S EV series under Fang Cheng Bao sub-brand
Electrek reports that BYD's new electric vehicle series starts under $29,000, undercutting competitors like the Tesla Model 3.
The short version
- BYD launched its new Formula S electric vehicle series through its Fang Cheng Bao sub-brand.[Electrek]
- Starting at under $29,000, the entry-level sedan is priced lower than the base Tesla Model 3 in China.[Electrek]
- The lineup features five total variants offering up to 466 miles of CLTC driving range.[Electrek]
Key facts
- BYD's Formula S lineup features three sedan variants and two grand touring models.[Electrek]
- The series is priced from 189,900 yuan to 239,900 yuan, or roughly $28,000 to $35,000.[Electrek]
- The base rear-wheel-drive sedan provides up to 466 miles of CLTC range compared to the base Tesla Model 3's 394 miles.[Electrek]
What remains uncertain
- It remains unconfirmed whether BYD intends to launch the Formula S series in markets outside China.[Electrek]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.