BYD's new high-performance electric sedan aims for the Tesla Model S Plaid

During the 2026 Beijing Auto Show, EV giant BYD introduced a new high-performance luxury sedan under its Fang Cheng Bao sub-brand. The vehicle is called Formula SL, and it's a 1,000-horsepower beast that can go head-to-head with the Tesla Model S Plaid and the Porsche Taycan.

The interesting bit about the Fang Cheng Bao brand is that it's usually associated with rugged off-roaders, so the introduction of the Formula lineup might signal an expansion or a shift in the company's strategy.

The manufacturer didn't go into much detail, but shared a few key specs. The Formula SL is built on an 800-volt architecture with a tri-motor AWD powertrain with a peak output of 1,000 hp. That's in line with competing solutions like the Tesla or the Lucid Air, for example.

Even the dimensions are largely similar to these vehicles as the Formula SL's wheelbase measures 122.1 inches, while the total length is 196 inches.

BYD Fang Cheng Bao Formula S

The car relies on BYD's proprietary DiSus-M magnetic suspension system that improves comfort and safety. It's most commonly found in higher-tier BYD vehicles.

The Formula SL won't be the only Formula-branded vehicle, though. BYD introduced a full-fledged lineup that includes a Formula X supercar, Formula S, defined as a sports car, and Formula S GT - a shooting brake version of the regular Formula S.

There's no timeframe for release at the moment, but if we ever see the vehicle out in the streets, it won't be outside of China, at least at first.

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