Faraday Future Subsidiary Faraday X aiEV Inc. Appoints New Global CEO

Faraday Future (FF) announced that its long-time employee Max Ma has been appointed as the global CEO of its wholly owned subsidiary Faraday X aiEV Inc. Ma will continue to serve as the head of product and mobility ecology and the head of corporate strategy at FF. Faraday X (FX) is the second brand launched by FF, with the goal of becoming the Toyota of the AIEV era. FF's first FX models are FX 5 (estimated price of $20,000-30,000) and FX 6 (estimated price of $30,000-50,000), offering two powertrains: extended-range AIEV and pure electric AIEV, with the goal of starting production at the end of 2025.