Jia Yueting released a video talking about the mission of FaradayX (FX), FF’s second brand. Jia Yueting said that the mission of FX is toIt’s not about simply competing with Tesla, it’s more about doing what Tesla hasn’t done.As the originator of the new energy industry, the United States has completely outpaced China's development speed in recent years.

How to truly promote the US AIEV industry to enter the rapid development channel again, I think it may be a new historical opportunity for FF.

For many of this audience, there are only two choices now, either buy a Tesla or buy a plug-in hybrid. The plug-in hybrid is actually a gasoline car. Whether it is in terms of AI, autonomous driving, or overall handling performance, the experience is closer to that of a gasoline car. It is difficult to achieve the ultimate experience like a pure electric car, so users have no choice.

There is a huge gap between US$40,000 and US$60,000, which is the gap for extended range.So we not only sell products that are below the price of Tesla, but also in the same price range as Tesla.

The three main price ranges we announced to the public are 20,000-30,000, 30,000-50,000 and 50,000-80,000. They are now blank areas and blue ocean markets, and we are going all out to enter this market.

It is reported that in September this year, Faraday Future officially released its second brand FaradayX (referred to as FX), and the brand will enter the field of extended-range hybrid models.

Jia Yueting introduced,FF's second brand FX targets Toyota in the intelligent electric vehicle (AIEV) market and plans to launch two models, namely FX5 and FX6.

Among them, the FX5 is expected to be priced at US$20,000-30,000, with product characteristics of sports and large space; the FX6 is mainly targeting the market of US$30,000-50,000, with a family focus, and provides two power forms: extended range and pure electric power. The first model is planned to roll off the assembly line in 2025.