BYD Fangchengbao Hits 500,000 Sales in Three Years

On August 5, BYD's Fangchengbao official Weibo account announced that the brand has achieved cumulative sales of 500,000 units as of August 2024, since its official launch in July 2023. In August 2023, Fangchengbao launched its first model, the Bao 5—a premium hybrid off-road SUV built on BYD’s DMO (Dual Mode Off-road) super hybrid platform. In July 2024, Fangchengbao delivered 41,213 vehicles, representing a year-over-year increase of 190.6% and a month-over-month growth of 15.7%. The brand’s average transaction price that month exceeded RMB 223,000.