Faraday Future Announces Second Brand, Faraday X and 2 Planned New Products

Faraday Future Intelligent Electric Inc., a California-based intelligent electric mobility ecosystem company, has announced today that it will launch its second brand, Faraday X (FX),. The company will empower a new FX model with core technologies used in its FF 91 model.

FX expects to launch the first two planned products under the FX brand, the FX 5 and FX 6, with expected price ranges of $20,000 to $30,000 and $30,000 to $50,000, respectively.

Additionally FF and FX have the potential to mutually empower each other, creating a complete Artificial Intelligence Electric Vehicle (AIEV) ecosystem covering both ultra luxury and mass markets.

FF has established relationships with four Chinese OEMs, having already entered into two strategic framework agreements and two memoranda of understanding, and is working toward finalizing definitive agreements with each

Matthias Aydt, Global CEO of FF, says: “The core logic of FF's second brand and bridge strategy is to create an industrial bridge, fostering close collaboration within the global supply chain to develop high-performance, cost-effective B-AIEV and RE-AIEV products for the U.S. market. Looking ahead, I am excited about our future. With our talented team, I am confident in our ability to achieve our upcoming goals.”

YT Jia, FF Founder and Chief Product and User Ecosystem Officer, adds: “At FX, we are committed to providing affordable, high-performance electric vehicles that meet the evolving demands of today’s users. With cutting-edge technology, intelligent cabin experience, and a strong execution strategy, we’re poised to lead the way in the AI EV market. We believe that the FX brand and its products will deliver immense value to a new demographic of users for our brand.”

FF is dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by a pursuit of intelligent and AI-driven mobility.