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Fangchengbao (Chinese: 方程豹; lit. 'equation leopard'), also spelled Fang Cheng Bao is a Chinese luxury electric car brand owned by BYD Auto and marketed by Shenzhen Fangchengbao Auto Sales Co., Ltd. BYD also owns trademarks for an English-language variant, Formula Bao. [1]
BYD was founded by Wang Chuanfu in February 1995 as a battery manufacturing company. BYD's largest subsidiary, BYD Auto, was founded in 2003 and has grown to become the world's largest manufacturer of plug-in electric vehicles. [14] Since 2009, BYD's automotive business has contributed over 50% of its revenue.
The BYD brand distinguishes their passenger car line-up under three "series", namely the Dynasty series (started by the BYD Qin in 2012), a line of higher-end vehicles with "dragon-inspired" designs aimed at the traditional mass markets; [2] [3] the Ocean series (started by the BYD Dolphin in 2021), a line of "ocean-themed" vehicles based on new aesthetic designs by Wolfgang Egger and the ...
BYD is already the second biggest EV battery maker by share, after CATL, with 15.8% of the market. BYD is also the biggest global seller of plug-in EVs (including all-electric and plug-in hybrids).
The Bao 8 is the first BYD product to feature Huawei's driving assistance system. BYD and Huawei initiated joint development on the Bao 8 in January 2024. In late August 2024, both companies formalized their collaboration to develop the first smart-driving solution specifically designed for off-road vehicles. [7]
BYD Company was founded in 1995 as a battery manufacturer. In January 2003, BYD Company founder Wang Chuanfu founded BYD Auto after acquiring and renaming a dwindling small automotive manufacturing company, Xi'an Qinchuan Automobile, from a state-owned defense company Norinco.