Fang Cheng Bao is ready to introduce its sedan lineup by the top of 2025, with further fashions within the Tai sequence anticipated to observe later this yr. In March, the model achieved spectacular gross sales figures, shifting 8,051 autos, marking a 126.79% enhance year-on-year and a 62.91% rise from February.
The upcoming sedan lineup goals to reinforce Fang Cheng Bao’s choices because the BYD (HKG: 1211, OTCMKTS: BYDDY) sub-brand expands its product vary. Basic Supervisor Xiong Tianbo confirmed in an interview with native automotive media that the sedan fashions will debut on the finish of this yr. He additionally indicated that extra variants of the brand new Tai sequence will probably be launched later.
On April 16, Fang Cheng Bao launched the Tai 3 all-electric SUV, the inaugural mannequin on this new sequence. With a beginning worth of RMB 133,800 yuan (roughly $18,360), the Tai 3 is positioned because the model’s most reasonably priced possibility, broadening its portfolio to incorporate household SUVs along with off-road autos.
Prior fashions, the Bao 5 and Bao 8, have been hybrids tailor-made for the off-road section. The corporate additionally revealed the Tremendous 3 idea on April 16, 2024, and later filed for manufacturing of the Bao 3, which was subsequently renamed Tai 3.
Xiong talked about that the Tai 3’s design underwent intensive dialogue amongst inside groups previous to mass manufacturing. Fang Cheng Bao formally launched on August 16, 2023, with the Bao 5 being the primary mannequin launched on November 9, 2023, and deliveries commencing shortly after.
Initially, Fang Cheng Bao adopted a direct gross sales mannequin, just like different electrical automobile (EV) startups, however launched sellers in 2024 to develop its market attain. This shift allowed for improved channel protection.
By the top of 2024, the model reported gross sales of 56,388 autos. In March alone, Fang Cheng Bao bought 8,051 models, contributing to a cumulative complete of 81,312 models by the top of that month.
($1 = RMB 7.2877)
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