FF second model FF81 said to be priced from RMB 300,000

Shanghai (Gasgoo)- The FF81, the second model for the EV maker Faraday Future (FF), is likely to be priced from RMB 300,000, which is far cheaper than that of the FF91, according to various media reports. Meanwhile, the FF81 will retain the design language and part of performances from the FF91.

FF has not responded to the interview requesting the information about the FF81.

As early as February, 2017, there were reports saying that FF will launch the FF81 following the FF91, paying the some attention on both models. The EV maker intends to have FF models manufactured in China's plants with expected capacity of 450,000 vehicles on an annual basis due to the substantial NEV subsidies offered by Chinese government.

After receiving the capital support from China Evergrande Group, FF apparently accelerates its product deployment. Peng Jianjun, chairman of Evergrande Faraday Future Intelligent Automotive (China) Co., Ltd, FF’s operating headquarters in China, recently said that the automaker plans to set up five major R&D bases across China and expects to reach an annual capacity of 5 million vehicles over the next decade. In addition, its products, such as the FF91 and FF81, will be widely sold around global markets, covering the premium, mid-range and entry-level sectors. Unlike the FF91 positioned as a premium model, the FF81 is expected to target the mid-range car market with a more affordable price.

The EV marker is speeding up its sales network deployment in China as well. China Evergrande Group, who became FF’s largest shareholder in June, announced on September 23 the strategic cooperation agreement with Xinjiang Guanghui Industry Investment Group Co.,Ltd to jointly develop businesses in such areas as car sales, energy, real estate and logistics, etc. The latter is the parent company of China's largest PV dealership group, China Grand Auto Services Co., Ltd, which had around 800 sales outlets across the country by the end of 2017.