On July 30th local time, Faraday Future (NASDAQ: FFIE) released a business update that highlighted key strategic developments and operational progress, including re meeting NASDAQ's requirements for timely financial reporting. In the first quarter of 2024, the operating loss significantly narrowed to $43.6 million, compared to a loss of $95.8 million in the same period last year; The cash flow generated from operating activities has significantly improved, with a net expenditure of $14.7 million, compared to a net expenditure of $103 million in the same period last year. As of March 31, 2024, the company's book assets were 499.9 million US dollars, liabilities were 298.4 million US dollars, and net assets were 201.5 million US dollars.