China's BYD announces new Fang Cheng Bao brand of energy vehicles

China's BYD announces new Fang Cheng Bao brand of energy vehicles

FILE PHOTO: The logo of BYD is pictured at the 2022 Paris Auto Show in Paris, France October 17, 2022. REUTERS/Stephane Mahe/

BYD announced on Friday a new brand of electric vehicles (EV) ranging from off-road to sports cars as the company looks to meet more diversified consumer demand.