The BAW Yuanbao was first launched in September 2021 as the Change Mini EV, named after Chinese moon goddess Chang'e. It was discovered that the Change Mini EV was later renamed as the Yanling S3 by April 2022 despite already being sold as the Change Mini EV in the Chinese market. At the same time, the official marketing campaign continue to tease the upcoming model as the BAW S3 and Yuanbao. The Yuanbao was intended to be a competitor of the slightly smaller and similarly shaped Wuling [Hongguang Mini EV] and Chery QQ Ice Cream.