Faraday Future is making headlines once again with its ambitious plan to produce more affordable electric vehicles. The company, known for its high-end FF 91 model, is now gearing up to launch a new lineup of EVs with prices starting in the $20,000 range.
The first model to be unveiled is the FX Super One, an electric minivan described as “the first First Class AI-MPV in the U.S.” This model is expected to start at less than $50,000 and will target fleet orders, with 600 binding pre-orders and 2,500 non-binding pre-orders already secured.
Following the FX Super One, Faraday Future plans to introduce the FX 4, a crossover aimed at competing with the Tesla Model Y. The company has bold ambitions for the FX 4, calling it “the disruptor of RAV4 in the AIEV era.” Attendees at the company’s Stockholders’ Day were given a sneak peek at a rendering of the model, along with a teaser image of its front fascia.
The new lineup, which will also include the FX 6 sedan, aims to cover a price range between $20,000 and $50,000. These models will feature technology and features inspired by Faraday Future’s flagship FF 91 but at a much more accessible price point.
While details about the underpinnings of the new models have not been revealed, it is expected that they will utilize a scaled-down version of Faraday Future’s Variable Platform Architecture (VPA). This approach will allow the company to offer EVs with advanced technology at a lower price.
Despite the promising plans for more affordable EVs, some skepticism remains due to Faraday Future’s history of challenges and controversies. The company’s founder, Yueting “YT” Jia, has faced legal issues and backlash for broken promises in the past. Additionally, questions remain about the feasibility of producing EVs at such low price points without incurring losses.
As Faraday Future moves forward with its plan to launch a more affordable lineup of electric vehicles, industry watchers will be keeping a close eye on the company’s progress. The unveiling of the FX 4 and FX 6 models, along with clarity on pricing, production plans, and direction, will be critical in determining the success of this new venture.