Recently, Faraday Future announced its fourth quarter and annual financial results as of December 31, 2021.

The operating expenses for the year as of December 31, 2021 were US$354 million; the net loss for the year as of December 31, 2021 was US$517 million. As of December 31, 2021, the cash balance was US$505 million; as of March 31, 2022, the cash balance was US$276 million.

Faraday Future Global CEO Breit Fukang said, "At the beginning of 2022, we signed an agreement with Myoung Shin to produce FF 81 in South Korea to ensure that we achieve high-volume production and cash flow breakeven in the future. We also obtained The California sales license allows us to sell our cars online across the United States. We remain confident of delivering the FF 91 in the third quarter of 2022, when we expect Faraday Future to redefine the most advanced smart electric vehicles."

Editor: Zhu Guanghua