Fang Cheng Bao

The Bao 5, Fang Cheng Bao's first model, has achieved an average transaction price of RMB 271,400 ($38,160) to date.

The milestone means that Fang Cheng Bao has sold 22,588 vehicles so far this month.

The new Bao 5 variants nearly double battery range, while the Bao 8 adds a five-seat version alongside existing six- and seven-seat options.

Fang Cheng Bao will launch a long-range version for the Bao 5 SUV and a five-seat version for the Bao 8 SUV on October 20.

The Tai 7 is expected to be priced between RMB 250,000 ($34,990) and RMB 300,000, overlapping with the Bao 5.

Fang Cheng Bao will officially launch and deliver the Tai 7 SUV in September, with the first batch of show cars expected to be available in stores by the end of August.

The Tai 7's interior design adopts a softer overall style, targeting the family car market, differing from the harder-edged style of the Bao 8.

The tablet is expected to bring a better in-car infotainment experience to the Fang Cheng Bao Tai 7 SUV.

The Tai 7 is the second model in Fang Cheng Bao's Tai series following the Tai 3, and will focus more on urban driving needs.