Fang Cheng Bao, a premium electric vehicle sub-brand of Chinese automaker BYD (HKG:1211), has delivered 100,000 vehicles since its first model entered the market in late 2023, placing it among the fastest-growing automotive brands in China.
The brand announced the milestone on Monday, 18 months after the initial deliveries of its first model, the Bao 5 off-road SUV. Fang Cheng Bao was officially launched in August 2023 along with BYD’s new DMO technology platform, designed to support electrified off-road capabilities. The Bao 5 was unveiled in November 2023, marking the beginning of deliveries.
Since then, the brand has expanded its portfolio with the introduction of the Bao 8 in November 2024, a larger off-road SUV featuring an advanced driver assistance system developed in partnership with Huawei. More recently, the Tai 3, a family-oriented SUV, was added in April 2025, broadening the brand’s product scope.
Fang Cheng Bao focuses on the premium segment of the EV market, with the Bao 8 positioned as its highest-priced model, retailing between RMB 379,800 and RMB 407,800. The Bao 5 occupies the mid-range market, while the Tai 3 serves as a more accessible entry point with pricing starting at RMB 133,800.
The brand has indicated plans to continue expanding its lineup, including the launch of its first sedan and additional Tai-series models later this year, as it aims to strengthen its presence in the competitive Chinese EV landscape.
