BYD launches Formula S EV under $29,000, undercutting Tesla Model 3

BYD launched the Formula S series under its Fang Cheng Bao brand, with five models priced from 189,900 to 239,900 yuan ($28,000–35,000). The RWD sedan offers up to 750 km CLTC range and charges 10–70% in 5 minutes with second-generation Blade Battery and Flash Charging.

• Prices: 189,900 to 239,900 yuan ($28,000–35,000) for five versions
• RWD sedan range up to 750 km CLTC; Long Range version 900 km
• Charging 10–70% in 5 minutes, 10–97% in 9 minutes
• Sedan dimensions: 5060×1967×1483 mm, wheelbase 2960 mm