Faraday X, the second brand of Faraday Future, plans to launch its first model by the end of next year.

Jinshi data news on October 21st, Faraday Future announced today more details of its second brand Faraday X’s two models, FX 5 / FX 6. The series will offer two power configurations, ‘Extended-Range AIEV’ and ‘Pure Electric AIEV’. The first model is planned to be launched by the end of next year, provided that necessary funding can be obtained. The initial batch of FX 5 products focuses on sportiness and spaciousness, with an expected price range of $20,000 to $30,000; while FX 6 emphasizes family-friendliness, with an expected price range of $30,000 to $50,000. Faraday Future claims that the goal of the FX second brand models is to provide American users with two AIEV products that offer ‘twice the performance at half the price’, aiming to become the ‘Toyota’ of the intelligent electric vehicle market, and will also enter the plug-in hybrid market.