Fang Cheng Bao is perhaps not a name that rings many bells, but the Chinese automaker is significant and sits inside the BYD Group, currently the world's largest EV maker. This has been BYD’s (Build Your Dreams) off-road-focused sub-brand up until this point, but what we’re seeing now is a deliberate pivot into something far more expressive, performance-driven, and visually dramatic, including a low-slung two-seat speedster EV showcased at the recent Beijing Auto Show, which appears to be a direct shot at established automakers.
China’s performance EV space truly started to take off on the global stage as early as 2018 with the likes of the Nio EP9 hypercar. Last year, the Yangwang U9 Xtreme, hitting 308 mph in 2025, making it the world’s fastest production car, and the Xiaomi SU7 prototype running a 6:22 lap at the Nürburgring Nordschleife, taking the production four-door record, reset expectations.
The Formula X seen here is the one everyone gravitated toward, and for good reason, because this is not some distant concept that will quietly disappear after the show. It is a production-intent evolution of the Super 9 concept, and more than 80 percent of what you are looking at here is expected to carry over into the final car. Besides state subsidies, Chinese automakers like BYD have vertical integration, which enables them to bring their products to market significantly more quickly than legacy automakers, also often at a much lower price point.
Visually, BYD calls the design language “life metal aesthetics,” which sounds abstract until you start picking apart the details. You have 19 functional air intakes, multiple airflow channels running through the body, a hollow rear diffuser, and a full carbon fiber monocoque holding everything together.
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Then there are the visual signatures, scissor doors, “Sharp Leopard Eye” headlights, “Infinite Ring” tail lights, and those twin humps behind the seats that manage airflow while doubling as structural protection. Inside, details like the sporty bucket seats further emphasise its intent, but a squared-off steering wheel that tucks away into the dash suggests autonomous capability.
As for the numbers, a three-motor setup delivers 1,000+ horsepower, and BYD has already locked in a 2027 production timeline. What makes this more interesting is that the Formula X is only one part of a much larger plan, as Fang Cheng Bao also rolled out the Formula S sedan, the more premium SL, and the S GT shooting brake at the Beijing show.
They share a tri-motor setup pushing close to 1,000 horsepower through an 800-volt architecture, along with BYD’s DiSus-M magnetic suspension, which is the same system that lets the Yangwang U9 SUV do things that look physically improbable. BYD is aggressively pushing ultra-fast charging tech across its new platforms, including systems capable of charging from 10 to 97 percent in about nine minutes under ideal conditions.
What makes the timing even more interesting is the current state of this segment. There is still no fully electric open-top performance car available in the United States. The MG Cyberster exists, and it deserves credit for bringing an electric roadster into production, but it is not sold stateside, and it operates in a different part of the market, positioned more as a grand touring convertible than a high-output performance flagship.
The long-awaited Tesla Roadster remains absent, leaving a gap at the top end of the market that has yet to be filled. U.S. availability seems highly unlikely, with the current tariffs in place. But the record-breaking Yangwang U9 EV supercar was showcased in Miami back in January this year.
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Images: BYD, Fang Cheng Bao