$Faraday Future Intelligent Electric Inc. (FFIE.US)$ GLONGHU...

$Faraday Future Intelligent Electric Inc.(FFIE.US)$ GLONGHUI July 31 | Faraday Future (FFIE.US) released a business update highlighting key strategic developments and operational developments, including recomplying with NASDAQ's requirements for timely submission of financial reports. Cash flow from operating activities improved significantly in the first quarter of 2024, with net expenditure of $14.7 million compared with net expenditure of $0.103 billion for the same period last year. As of March 31, 2024, the company had book assets of 0.4999 billion US dollars, liabilities of 0.2984 billion dollars, and net assets of 0.2015 billion US dollars. Recently, FF obtained approval from the Nasdaq hearing panel to continue the listing, but it is necessary to return to compliance before the specified deadline. By submitting the 10-Q financial report for the first quarter ended March 31, 2024, FF has met one of the compliance deadlines.