The price range for the FX 5 and FX 6 combined will be $20,000-$50,000. The California electric vehicle company has shipped prototypes from “collaboration partners” in China. Will offer electric cars with/without gasoline range extenders; It claims to be entering US regulatory tests
Faraday Future plans to showcase prototypes of affordable electric cars at CES 2025, scheduled for January 5-7 in Las Vegas.
The prototypes are part of a new sub-brand called FX (short for Faraday At the time, the company said it was planning two models called the FX 5 priced between $20,000 to $30,000 and the FX 6 priced between $30,000 to $50,000. Both are also scheduled to be offered with all-electric and range-extended gasoline powertrains.
These target prices are well below the current listed base price of $309,000 for Faraday’s only production model to date, the FF 91 electric SUV. In contrast to the main brand, which Faraday has struggled to build itself, the FX sub-brand will be an asset-light operation – like the now-defunct Fisker – with limited marketing and an online-only sales model.
Faraday Future FF91 2.0 Future Alliance
The FX prototypes were scheduled to leave Beijing for Los Angeles, followed by another release on December 19 confirming their arrival on US shores, Faraday said in a November press release. After CES, they will go to Faraday’s manufacturing facility in Hanford, California, for development and testing work, according to the company.
Faraday promised additional updates on the FX launch at CES. The company previously said it aims to start production in 2025, provided financing is available. In a Dec. 22 press release, Faraday requested $30 million in new financing commitments from “certain institutional investors” — a small drop in the bucket for other automakers, but apparently enough to keep the struggling electric car maker afloat. now.
Faraday Future FF91
Faraday has a long history of employee turnover, sudden changes in strategy, and missed schedules. Former GM EV1 chief engineer Pete Savagian, most recently at Canoo, was senior vice president of Faraday Future until 2018. He was one of several key executives at Faraday, with former CEO Jia Yueting insisting on leaving the company amid a relationship. (and a $2 billion lifeline) as Hong Kong-based Evergrande declines.
Financial problems contributed to the long-term launch of FF 91. It was first shown in production-bound prototype form at CES 2017, but the first customer model wasn’t delivered until August 2023. And that’s with what was supposed to be low-volume flagships without the high volume that Faraday is looking forward to for FX EVs.
