On September 20th, Faraday Future announced the launch of its second brand, Faraday X (FX). The first batch of FX models will be the FX 5, expected to sell for $20000 to $30000, and the FX 6, expected to sell for $30000 to $50000. They will offer both extended range AIEV and pure electric AIEV systems, with the goal of starting production by the end of 2025, "provided necessary funding is obtained". The company claims to have established cooperative relationships with four Chinese automakers, signed two strategic framework agreements and two memorandums of understanding, and is further signing final agreements with these automakers.