BYD is preparing to push one of its fastest-growing brands into fresh territory. Fang Cheng Bao will officially launch the Formula S sedan family in Shanghai on September 16, giving buyers final pricing for a striking new sedan and shooting brake pairing. The announcement puts performance, long range and premium chassis technology at the centre of BYD’s latest expansion—and offers another reminder of how quickly China’s electric-car market is evolving.
Formula S broadens BYD’s playbook
According to CnEVPost, the Formula S sedan and Formula S GT shooting brake opened for pre-orders in August at 230,000 to 280,000 yuan, or roughly US$34,000 to US$41,000. Final prices are due at the launch. This is Fang Cheng Bao’s first sedan line after establishing itself with the rugged Bao range and urban-focused Tai models, making the Formula S an important test of whether the sub-brand can translate its momentum into a more road-oriented segment.
The specification sheet is ambitious. Both versions ride on a 2,960 mm wheelbase, while rear-wheel-drive variants offer 245 kW or 300 kW and the all-wheel-drive model produces a combined 490 kW. Battery choices of about 77 kWh and 92 kWh deliver claimed CLTC driving ranges between 730 km and 900 km. Those laboratory-cycle figures should not be read as direct real-world estimates, but they underline BYD’s aim to make range anxiety a secondary concern.
The headline chassis feature is BYD’s DiSus-M magnetorheological suspension, which can alter damping rapidly by changing the properties of fluid inside the dampers. Technology of this type has traditionally been associated with expensive performance cars. Pairing it with the second-generation Blade Battery and fast-charging capability shows BYD’s familiar strategy: bring features from higher price brackets into vehicles aimed at a broader audience. Fang Cheng Bao also has commercial momentum, reporting 41,568 deliveries in August, up 155.6 percent from a year earlier.
China’s electric market keeps accelerating
The Formula S arrives against a powerful industry backdrop. Data from the China Association of Automobile Manufacturers, reported by CnEVPost, showed 1.643 million new-energy vehicle sales in August, including exports. That was 17.8 percent higher year on year, while NEVs reached a record 60.6 percent share of all vehicle sales. Battery-electric models did most of the heavy lifting, climbing 27.8 percent to 1.161 million, while plug-in hybrid sales slipped slightly.
Exports are increasingly central to that growth. Electrek reported that China shipped more vehicles overseas in the first eight months of 2026 than during all of 2025, with new-energy vehicles accounting for 58.4 percent of August exports. That trend raises the competitive pressure on established manufacturers and means models developed for China can have a much larger global impact than before, even when international launch plans have not yet been confirmed.
Blade Battery moves beyond passenger cars
BYD is also widening the reach of its battery business. CarNewsChina says subsidiary FinDreams Battery has agreed to develop automotive-grade Blade Battery systems with Changsha Fusheng Technology for industrial and mining locomotives. No commercial timetable or supply volume was disclosed, but the project highlights how EV battery technology is spreading into heavy-duty, off-road and site-based transport where predictable routes can make electrification especially practical.
For EV enthusiasts, the September 16 reveal will be worth watching for final pricing and any clearer word on availability beyond China. The Formula S combines long-range claims, substantial power and sophisticated suspension at an aggressive pre-sale price. More broadly, booming domestic demand, surging exports and new battery applications suggest BYD is not relying on a single model—or even a single transport sector—to drive its next phase of growth.