BYD's Fangchengbao brand triples sales as company pivots to sedan segment

BYD's off-road brand Fangchengbao reported a 200% sales increase through July, providing a growth offset as the company's broader expansion decelerates. The automaker is now diversifying into the sedan market with the launch of the Formula S and S GT models, signaling a strategic attempt to maintain market share in a cooling domestic EV environment.