NIO Inc.

Hello, ladies and gentlemen. Thank you for standing by and welcome to the NEO, Inc. fourth quarter 2022 earnings conference call. At this time, all participants are on a listen-only note. Today's conference call is being recorded. I would now like to hand the conference over to your host, Ms. Yi Tang from Capital Markets. Please go ahead.

Good morning and good evening, everyone. Welcome to News of Fourth Quarter 2022 Earnings Conference Call. The company's financial and operating results were published in the press release earlier today and are posted at the company's IR website. On today's call, we have Mr. William Lee, Founder Chairman of the Board and Chief Executive Officer, Mr. Stephen Fong, Chief Financial Officer, Mr. Stanley Kru, Senior VP of Finance, and Ms. Jade Wei, VP of Capital Markets. Before we continue, please be kindly reminded that today's discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's actual results may be materially different from the views expressed today. Further information regarding risks and uncertainties is included in certain filings of the company with the U.S. Securities and Exchange Commission, the Stock Exchange of Hong Kong Limited, and the Singapore Exchange Securities Trading Limited. The company does not assume any obligation to update any forward-looking statements except as required under applicable law. Please also note that NIO's earnings press release and this conference call include discussions of unauthentic gap financial information, as well as unauthentic non-gap financial measures. Please refer to news press release, which contains a reconciliation of the unauthentic non-gap measures to comparable gap measures. With that, I will now turn the call over to our CEO, Mr. William Lee. William, please go ahead.

Hello, everyone. Thank you for joining NEOS 2022 Q4 earnings conference. In the fourth quarter of 2022, the future supply of 40,052 high-end smart electric vehicles will increase by 60% and achieve a new high in the quarter. According to the sales data of Zhongqi Center, China's high-end electric vehicle market with a sales price of more than 300,000 in the future ranks first with a market share of 54.8%. In the high-end electric vehicle market with a sales price of more than 400,000, the market share reaches 75.8%.