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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 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 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 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, the Chinese carmaker backed by Warren Buffett, has just surpassed Tesla as the world’s largest seller of electric vehicles. Now, to maintain its momentum, the company will need to chart new ...
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