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Faraday Future aims for mainstream masses with ,000 EV

Faraday Future aims for mainstream masses with $20,000 EV

Posted on January 10, 2025 By rehan.rafique No Comments on Faraday Future aims for mainstream masses with $20,000 EV

Faraday Future provided further detail on plans for its new FX sub-brand at CES 2025 in Las Vegas this week.

The company reaffirmed plans for an affordable EV called the FX 5 that will cost between $20,000 and $30,000 and a larger model called the FX 6 priced between $30,000 and $50,000. First outlined in a September 2024 investor presentation, the pair will be offered with fully electric and gasoline extended-range powertrains, Faraday says. The company has also said it’s taking an asset-light approach to the FX sub-brand—similar to the now-defunct Fisker.

Faraday Future FX Super One prototype

Faraday Future FX Super One prototype

At CES, Faraday also confirmed plans for a third FX model, a minivan called the Super One. The automaker said this model is intended to “cater to both leaders and visionary groups, represented by celebrities, stars, and high-profile business professionals.” A somewhat different demographic than the mass-market FX 5 and FX 6, then, but overlapping with Faraday’s only current product—the $309,000 FF 91 electric SUV.

Faraday Future aims for mainstream masses with ,000 EV

Faraday Future FX 6 prototype

Faraday showed camouflaged prototypes of the FX 6 and Super One in press materials. The FX 6 appears to be a crossover, while the Super One has a typical minivan profile. Should the Super One reach production, it could serve as a more upscale alternative to the Volkswagen ID.Buzz, which we recently named Green Car Reports Best Car To Buy 2025.

Faraday said it is currently conducting testing for U.S. regulator homologation, and aims to stage a full reveal of the Super One in the second quarter of this year. It also hopes to start pre-production of at least one new model by the end of the year, pending acquisition of necessary funding. The company says it’s secured $60 million in new commitments since September 2024, but that’s still just a drop in the bucket when it comes to launching a new vehicle.

Scaling up production to mass-market levels could also prove challenging for Faraday, which struggled to get even its low-volume flagship FF 91 to customers. The FF 91 was first shown in production-bound prototype form at CES 2017, but the first customer example wasn’t delivered until August 2023.

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